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Dear tutor,
Just to confim from lendings perspective, in case of FRA, we will go to bank and tell them that I want to deposit a sum of £100,000 in 3 months time and so what will be the saving fixed interest rate that I will get in return? Isn’t it?
Also, how is it written as in exam? Will it be as FRA 3-9 on £100,000 itself? would that mean whe want the fixed interest rate for £100,000 to be deposited in 3 months time for a period of 6 months?
Thank you.
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