What does FRA contract expiring and maturing mean?. if FRA(0,30,90) . It expires in 30 days but matures in 90 days. It is expiring before maturing. Not able to understand this part.
Thanks
What does FRA contract expiring and maturing mean?. if FRA(0,30,90) . It expires in 30 days but matures in 90 days. It is expiring before maturing. Not able to understand this part.
Thanks
Two coincident loans underlie an FRA. The expiration of the FRA is the start of the loan period. The maturity of the FRA is the end of the loan period.