Structured Finance
 
Designs and offers long-term investment products such as special debentures providing attractive rates and terms with offerings timed to meet credit union needs for investing excess liquidity.
 
Special Debenture Offerings – Canadian Dollar

Special debentures are offered throughout the year. These are long-term investments structured as market conditions allow. They offer attractive rates and are timed to meet credit union needs for investing excess liquidity.
 
These debentures may have features such as:
  • Callable/Extendible – long-term investments offered at an attractive fixed rate of return. The higher yield is offered because the debentures may be called early or extended. When the debenture is called, interest and principal is paid on the call date.
  • Floating – rate of return may be tied to the Canadian Dollar rate.
  • Step-up – offer a high initial rate of return guaranteed for a specific period. At the end of the initial term, the debenture will either mature or the rate will step up to a new predetermined rate and remain at that rate until the next step-up date or maturity.
  • Customized – a customized debenture may be created to meet a credit union’s needs for deposits of $5,000,000 or greater.