Forward Rate Agreement is a (OTC) contract between two parties, which defines the rate of interest to be paid on an agreed future date.
Contract is settled based on the net difference between the agreed interest and reference rate.
FRA rates are used commonly also to build short-term SWAP rates.
Our Advanced Rate calculation uses FRA rates to offer fully implemented curves in many currencies and basis.
FRA rates are available in different periods (1M/3M/6M/12M) and currencies e.g.:
CAD, CHF, DKK, EUR, GBP, JPY, NOK, PLN, SEK, USD, ZAR
Notice that All rates are unbiased and non-position influenced.