Forward Rate Agreement definition

Forward Rate Agreement means an agreement in which two parties agree that:

Forward Rate Agreement means an agreement between two parties to borrow or lend a specified amount at a specified future date at an interest rate that is fixed at the time the agreement is entered into;

Forward Rate Agreement or "FRA" means a Transaction in which one party (the "Seller") or the other party (the "Buyer") pays, once or periodically, Floating Amounts in a specified currency calculated on a Notional Amount in such currency and the the Floating Rate.

Examples of Forward Rate Agreement in a sentence

• This opinion is given to you with respect to the execution of a Forward Rate Agreement by NU in the notional amount of $100 million in anticipation of refinancing the $263 million aggregate principal amount floating rate notes which replaced the initial debt authorized by the Commission to fund the acquisition of the common stock of Yankee Energy System, Inc.

• In this swap, the Company received 3-month LIBOR (in the form of a Forward Rate Agreement) and paid the Federal Funds Effective Rate (in the form of an Overnight Index Swap).

• The Forward Rate Agreement is the valid and binding obligations of NU, enforceable in accordance with its terms.

• All state laws applicable to the Forward Rate Agreement have been complied with.

• The execution of the Forward Rate Agreement did not violate the legal rights of the holders of any securities issued by NU or any associate company thereof.

More Definitions of Forward Rate Agreement

Forward Rate Agreement means a cash-settled OTC derivative between two counterparties, in which a buyer will pay or receive, on the settlement date, the difference between a pre-determined fixed rate (FRA rate) and a reference interest rate, applied on a notional principal amount, for a specified forward period.

Forward Rate Agreement means a forward rate agreement between ABN and an Approved Issuing Fund on the terms contained in the ISDA Master Agreement.

Forward Rate Agreement means an agreement to set future borrowing and lending interest rates for a specified period:

Forward Rate Agreement means an agreement under which 2 parties agree on payment of an amount of interest calculated at an agreed rate for a specified period from a specified settlement date applied to an agreed principal amount.

Forward Rate Agreement means any agreement for the sale or purchase at a specific future date of any Foreign Currency, interest rates or otherwise, at the forward rate offered at the date of entering into such agreement;

Forward Rate Agreement means a transaction in which the counterparties have agreed to the payment of the difference between the agreed interest on the notional principal over a fixed notional maturity period commencing on a fixed date and the interest on the same notional principal over the same maturity period beginning on a stipulated date which will be offered on a stipulated date;

Forward Rate Agreement refers to a transaction with respect to receipt or collection of a certain amount of interests at a specific interest rate during a specific interest period designated on the transaction date.