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Forward Rate Agreements: Explanation and Examples

*************For a reasonable source on international finance, here's a selection from Amazon: rate agreements are an interest rate derivative. They implicitly lock in an interest rate to apply to borrowings for a pre-determined length of time to occur at a pre-determined date in the future. They are settled via cash payment if the interest rate differs from the locked-in rate. This video discusses forward rate agreements, relevant calculations, and provides examples.#ForwardRateAgreement

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