Skip to content

Ask the Tutor ACCA FM

forward rate agreement and forward rate contract

Former userFormer user15y ago
Please, what is the difference between a forward rate agreement and a forward rate contract?
John MoffatJohn MoffatTutor15y ago#1
We usually use the phrase forward rate agreement when we are fixing an interest rate. Forward rate contract is when we are fixing an exchange rate for foreign currency. (It will be clear from the question though anyway)
Sign into reply to this topic.