Also known as a "future rate agreement".
Typically, for agreements dealing with interest rates, the parties to the contract will exchange a fixed rate for a variable one. The party paying the fixed rate is usually referred to as the borrower, while the party receiving the fixed rate is referred to as the lender.
For a basic example, assume Company A enters into an FRA with Company B in which Company A will receive a fixed rate of 5% for one year on a principal of $1 million in three years. In return, Company B will receive the one-year LIBOR rate, determined in three years' time, on the principal amount. The agreement will be settled in cash in three years.
If, after three years' time, the LIBOR is at 5.5%, the settlement to the agreement will require that Company A pay Company B. This is because the LIBOR is higher than the fixed rate. Mathematically, $1 million at 5% generates $50,000 of interest for Company A while $1 million at 5.5% generates $55,000 in interest for Company B. Ignoring present values, the net difference between the two amounts is $5,000, which is paid to Company B.
[Source: Investopedia.]
controller and treasurer be adopted under Indian context
Well it depends on the law of the land... in the Indian context, minimum 2 persons are required to create a Pvt Ltd Co.
MPBF stands for Maximum Permissible Banking Finance in Indian Banking Sector. MPBF guidelines were suggested in Tandon commettee which were being followed by Indian Banks with lot of stringency. Corporates faced lot of problem in getting Finance from banks on account of stringency of the norms and they had to resort to other sources of finance at a higher cost these norms were dissolved. Consequently SBI, India's largest bank came out with its own guidelines which were on the similar lines but with relaxed norms which are being followed by all banks with slight personalisation and referred to as modified MPBF System in Indian context.
This is mainly in Indian context. Speed money: The most rampant form of corruption is the so-called `speed money'... Officials often create circumstances where for routine issues, like better terms of payment, you may have to line (their) pockets
As of 6th June 2009, £1 is 75.69 Indian Rupees £10 is 756.95 Indian Rupees £100 is 7569.49 Indian Rupees
strategic sale in Indian context is the market share of the company.
Sanjay Khan directed the Indian movie Agreement 1980.
# what is indian constitution ?
controller and treasurer be adopted under Indian context
explain the evolution of sales management function in Indian context
controller and treasurer be adopted under Indian context
significance of consumerism
peace treetie or indian rights depends on when it was agread on
Type your answer here... It depends on the agreement done by the buyer and the seller.
Awoh is not a common term in Indian symbols or language. It does not have any specific meaning in the context of Indian culture or symbols.
Treaty of Paris (1783)
An Indian named Squanto