A forward contract at a forward rate that allows the holder to break or unwind the contract with an opposite…

A forward contract which allows the holder, virtually for no premium, to have a better forward rate than the pre-agreed…

A forward rate which applies for a very short period of time in the future (e.g., one day, a few...

The difference between two forward rates or two forward prices. This spread can be used to calculate the payoff and...

A swap whose tenor is less than two years. That implies that the fixed and floating rates have a maturity...

The price at which a commodity or a financial instrument (a derivative) for immediate delivery is selling at a specific...

One of three types of adjustments that should be made to the forward value of the underlying variable in a...

FRA, for short, is an over-the-counter (OTC) agreement to apply a certain interest rate to either lending or borrowing a...

The empirical tendency of higher interest rate currencies' return to outperform the return of lower rate currencies. This can be...

An alternative term for a range forward contract. By definition, it is a variation on a regular forward contract which...