Common Contracts
1 similar Forward Rate Agreement contracts
FORWARD RATE AGREEMENT (FRA) ON ID x U.S. DOLLAR SPREAD (FRC)Forward Rate Agreement • January 16th, 2008
For some time now, BM&F has been working on the development of an instrument that would make it possible to trade the ID x U.S. Dollar spread without the distortion caused by the variation of the exchange rate from the day preceding the trade date to the trade date, in order to be quoted as the clean ID x U.S. Dollar spread. This instrument has been solicited by not only the market participants, but also by the Monetary Policy Board of the Central Bank of Brazil itself.
