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Forward Rate Agreement
(redirected from Forward rate agreements)

   Also found in: Wikipedia 0.01 sec.
Forward rate agreement (FRA)
Agreement to borrow or lend at a specified future date at an interest rate that is fixed today.

Forward Rate Agreement
A forward contract on an interest rate. An investor may wish to enter an FRA if he/she wishes to guarantee the interest rate on a future loan or other obligation.


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? Mentioned in ? References in periodicals archive
 
Interest rates implied by forward rate agreements rose to reflect increased market expectations for tighter monetary policy.
Implied yields on three-month forward rate agreements rose 15 basis points immediately after Chairman Greenspan's testimony.
Fixed Income Markets - Overview - Bond Pricing and Yield Measures - Treasury Securities - Corporate Bonds - Global Bonds-I - Global Bonds-II - Duration - Convexity - Basis Point Value - High Yield Bonds - Brady Bonds - Option Embedded Bonds - Collateralised Mortgage Obligations - Interest Rate Swaps - Caps, Floors, Collars and Captions - Forward Rate Agreements - Bond Trading Strategies
 
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