Interest rate guarantee
id:
interest-rate-guarantee-235-6519153
title:
Interest rate guarantee
text:
An interest rate guarantee (IRG) is an option on a forward rate agreement (FRA) that is handled over-the-counter (OTC).
A call IRG is called a borrower's IRG. A put IRG is called a lender's IRG. As with all options, the seller has the obligation to fulfill the condition of the option. When exercising a borrower's IRG, the holder has the option to take a loan with a predetermined amount at a predetermined interest rate on a predetermined time period.
When exercising a Lender's IRG, the holder has
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Interest_rate_guarantee
date created:
date modified:
2020-07-07T08:21:53Z
main entity:
{"identifier":"Q6046206","url":"https://www.wikidata.org/entity/Q6046206"}
image:
fields total:
13
integrity:
13