Forward rate agreement a contract in which two parties agree the interest rate to be paid on a notional deposit of a specified maturity on a specific future date. At the settlement date compensation has to be paid by one party to the other, depending on the difference between the contracted interest rate and the market rate on the settlement date. —
Con tale contratto si conviene l’acquisto o la vendita di uno strumento con tasso di interesse, ad esempio un titolo obbligazionario, ad un prezzo prestabilito, per consegna in una data futura.