Forward Rate Agreement
From Open Risk Manual
Definition
Forward Rate Agreement. Definition needed.
Issues and Challenges
FpML: A type defining a Forward Rate Agreement (FRA) product. Clarified by Andrew Jacobs (Jan 2012): A FRA is an interest rate instrument with a single instrument. The interest rate is known at the start of the period. If it has changed at the end of the period, you settle for the difference.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Forward Rate Agreement"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/DER/RateDerivatives/ForwardRateAgreements/index-en.html + |
