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What do forward varieties 1M×4M, 3M×6M and 9M× 12M mean in the forward interest rate agreement?
1M×4M refers to the 4-month forward interest rate agreement after 1 month. . .

3M×6M is a six-month forward interest rate agreement after three months. . .

How far does this mean?

The latter is an understandable shelf life.

Okay, let me explain it again.

For example, suppose that the interest rate of 3M×6M varieties is 5%.

It means that after three months, the deposit interest rate for six months (half a year) is 5%. Understand?

In three months, he will be a striker. Although no one knows what the semi-annual interest rate will be in three months, we have made such a long-term agreement in order to avoid the risk of interest rate rising or falling.

If I don't understand, I can't help it! Know forward. What forward exchange rate, forward interest rate and the ancestor of forward futures. . .