hs 2 x1.5 18.4 Forward contracts: Forward rate agreements (FRAS) On 19 September 2022 a company wishes to lock in the interest rate on a prospective borrowing of $5,000,000 for a six-month period from 19 April next year to 19 October of the same year. FRA quotes the bid rate - offer rate as 13.25 to 20. On 19 April the BBSW on 6-month money is 13.95% per annum. Identify: a) An FRA dealer quotes b) FRA agreed rate c) Reference rate d) FRA settlement date e) FRA contract period