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 means a cash-settled OTC foreign currency interest rate derivative contract 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.

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 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.

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 a financial contract between two parties to exchange interest payments for a `notional principal’ amount on settlement date, for a specified period from start date to maturity date. Accordingly, on the settlement date, cash payments based on contract (fixed) and the settlement rate, are made by the parties to one another. The settlement rate is the agreed bench-mark/ reference rate prevailing on the settlement date.

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 means an agreement in which two parties agree that: one party will make payments to the other of an amount of interest based on an agreed interest rate for a specified period from a specified date applied to an agreed principal amount; no commitment is made by either party to lend or borrow the principal amount; and the exposure is limited to the interest difference between the agreed and actual market rates at settlement.

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.