You are viewing the FCA Handbook Glossary as it appeared on 31/12/2021.

forward rate agreement

    an agreement under which one party agrees to pay another an amount of interest based on an agreed interest rate for a specified period from a specified settlement date applied to an agreed principal amount but under which no commitment is made by either party to lend or borrow the principal amount.

Glossary Legal Instruments
Point In Time31/12/2021
31/12/2021
01/01/2007