When is the settlement amount of a FRA normally payable?
A. At the beginning of the forward period
B. On the trade date
C. On the maturity (final) date
D. At any time before the contract’s maturity date
Answer:A
When is the settlement amount of a FRA normally payable?
A. At the beginning of the forward period B. On the trade date C. On the maturity (final) date D. At any time before the contract’s maturity date