fixing rate
Noun
The reference rate at the settlement date as specified in the forward rate agreement, which can be the Treasury bill rate, bank rate, LIBOR, etc., for the relevant period of the FRA.
Synonym(s):
- settlement rate.
The reference rate at the settlement date as specified in the forward rate agreement, which can be the Treasury bill rate, bank rate, LIBOR, etc., for the relevant period of the FRA.
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