forward rate agreement and forward rate contract

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May 29, 2011 at 12:08 pm #48738
Anonymous
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Please, what is the difference between a forward rate agreement and a forward rate contract?
May 29, 2011 at 4:23 pm #82628
John Moffat
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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)
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