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On 1 May 2020, a corporate customer arranged a loan of R5 million for three months (from 1 August to 31 October 2020) from Bank P at the prime rate of 7%. In the light of expected and frequent rising interest rates, the customer does not want to be subject to increasing interest costs. Dealing Bank Q, who specialises in derivative-type agreements, subsequently agreed to a lock in the interest rate at a fixed rate of 8% for the period of 1 August 2020 to 31 October 2020. What is this kind of arrangement commonly referred to as? o a. Interest rate swap b. Forward rate agreement O c. Interest rate floor O d. Interest rate cap