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- NorthernJohn
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fra options
Yes, there are.I quote them. They are not traded all that often from what I can see. People tend to prefer exchange traded options
fra options
Quoteare there products like fra options..like swaptions?Yes, they are (or used to be) call IRGs (for Interest Rate Guarantee).QuoteArent Fra option like a capletNot quite. Caplets pay in arrears, IRGs pay up front with an adjusted cashflow, like FRAs.