Forward Rate Agreements (FRAs) - Online

This course expands on the introductory information provided in Derivative Instruments to present a more in–depth look at forwards and futures. It explores the definitions, pricing and applications of FRAs.

This course replicates the content from lesson 2 of Forwards and Futures - Online

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. Subscription period for this course is 90 days.


Traders, sales professionals, back office professionals, financial analysts, cash/money managers, auditors, compliance professionals, financial and bank officers, accountants and regulators.
Students will be able to:
  • Describe how interest accrues on forward rate agreements.
  • Identify key factors necessary to hedge with an FRA.
  • Identify the uses of FRAs in speculating.
  • Describe the forward curve and how it is constructed.
Derivative Instruments or equivalent level of knowledge
Forward Rate Agreements (FRAs)
  • Defining an forward rate agreement
  • Hedging with forward rate agreements
  • Speculating with forward rate agreements
  • How forward rate agreements are priced
  • How the forward curve is constructed