The term fraption refers to an option that allows the holder to enter into a forward rate agreement (FRA) with predetermined conditions and within a certain amount of time. Forward rate agreements are ...

A spot rate is the current market price at which a stock, bond, commodity, or currency can be purchased or sold. A forward rate or forward price is a price set in advance between a buyer and a seller ...

MUMBAI, Aug 13 (Reuters) - Investment in a type of bond derivative called forward rate agreements could likely rise in India as the interest rate cycle turns and the country's largest insurer enters ...