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商业与金融事务杂志

Contracts "FRA" - Forward Rate Agreement: Interest Rate Forwards

Abstract

Carlos Emilio Martínez, Ledesma J, Asaro A and Tavernise W

In this paper we aim to offer a primary and general view of the FRA derivative financial instrument, analyzing some of its main characteristics, presenting the development of formulas for calculating the Price of an FRA, as well as the evolution and current situation within the markets unorganized derivatives or OTC (market "Over The Counter"), ending with a brief reference on the advantages and disadvantages of the use of the instrument under study by companies to manage the risk of fluctuations in future interest rates.

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