Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA) as a...

CIMA P3 Question Answer

Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA) as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR) future would be better.

Which of the following is true of an STIR?

A STIR can be tailored to the exact needs of the company.

A STIR is flexible and the position can be closed quickly and easily.

A STIR must be kept for the whole duration of the contract.

If interest rates have gone down the price of the future will have fallen.

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CIMA P3 Summary

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Product: P3
Update on: Jul 29, 2025
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Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA) as a...

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