题目
When is the contract rate of the FRA fixed?
选项
A.On the trade date
B.On the value date
C.On the rate-fixing date
D.On the settlement date
答案
A
解析
The contract rate of the FRA is negotiated by the counter-parties to contract and fixed at the time of trade.FRA的合同利率是由交易双方商定的，在交易时确定的。