Also known as a Forward Contract or a Forward Starting Agreement
This is an interest rate forward in its simplest form.
A forward forward agreement is the name given to a borrowing or deposit that starts on one forward date and finishes on another forward date.
Both these interest rates are agreed today.
Every forward forward agreement will have a corresponding forward rate associated with it.
This can be used to agree what interest rate will be applied on a borrowing or depot in the future
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