Learning Curve Forward Rate Agreements - （学习曲线远期利率协议- - - - - -）.pdfVIP

Learning Curve Forward Rate Agreements Anuk Teasdale © YieldC 2004 Page 1 In this article we review the forward rate agreement . Money market derivatives are priced on the basis of the forward rate, and are flexible instruments for hedging against or speculating on forward interest rates. The FRA and the exchange-traded interest rate future both date from around the same time, and although initially developed to hedge forward interest rate e