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URL: http://www.kfz-renz.at/forward-rate-agreement-cfi-code/
Submission: On September 22 via manual from IN — Scanned from DE

Form analysis 5 forms found in the DOM

Name: email_friendPOST

<form name="email_friend" method="post" class="ajax_form">
  <table>
    <tbody>
      <tr>
        <td>Name: </td>
        <td> <input type="text" name="name"></td>
      </tr>
      <tr>
        <td>Email: </td>
        <td> <input type="text" name="email"></td>
      </tr>
      <tr>
        <td>Friends Email: </td>
        <td> <input type="text" name="friends_email"></td>
      </tr>
      <tr>
        <td colspan="2">Message:<br>
          <textarea name="message" class="fancybox_textarea"></textarea>
        </td>
      </tr>
      <tr>
        <td colspan="2"><input type="submit" value="Submit"> <i class="fa fa-refresh fa-spin loading_icon_form"></i></td>
      </tr>
    </tbody>
  </table>
</form>

Name: trade_inPOST

<form name="trade_in" method="post" class="ajax_form">
  <table class="left_table">
    <tbody>
      <tr>
        <td colspan="2">
          <h4>Contact Information</h4>
        </td>
      </tr>
      <tr>
        <td>First Name<br><input type="text" name="first_name"></td>
        <td>Last Name<br><input type="text" name="last_name"></td>
      </tr>
      <tr>
        <td>Work Phone<br><input type="text" name="work_phone"></td>
        <td>Phone<br><input type="text" name="phone"></td>
      </tr>
      <tr>
        <td>Email<br><input type="text" name="email"></td>
        <td>Preferred Contact<br> <input type="radio" name="contact_method" value="email" id="email"> <label for="email">Email</label> <input type="radio" name="contact_method" value="phone" id="phone"> <label for="phone">Phone</label> </td>
      </tr>
      <tr>
        <td colspan="2">Comments<br><textarea name="comments" style="width: 89%;" rows="5"></textarea></td>
      </tr>
    </tbody>
  </table>
  <table class="right_table">
    <tbody>
      <tr>
        <td colspan="2">
          <h4>Options</h4>
        </td>
      </tr>
      <tr>
        <td><select name="options" multiple="" style="height: 200px;">
            <option value="Adaptive Cruise Control">Adaptive Cruise Control</option>
            <option value="Airbags">Airbags</option>
            <option value="Air Conditioning">Air Conditioning</option>
            <option value="Alarm System">Alarm System</option>
            <option value="Anti-theft Protection">Anti-theft Protection</option>
            <option value="Audio Interface">Audio Interface</option>
            <option value="Automatic Climate Control">Automatic Climate Control</option>
            <option value="Automatic Headlights">Automatic Headlights</option>
            <option value="Auto Start/Stop">Auto Start/Stop</option>
            <option value="Bi-Xenon Headlights">Bi-Xenon Headlights</option>
            <option value="Bluetooth® Handset">Bluetooth® Handset</option>
            <option value="BOSE® Surround Sound">BOSE® Surround Sound</option>
            <option value="Burmester® Surround Sound">Burmester® Surround Sound</option>
            <option value="CD/DVD Autochanger">CD/DVD Autochanger</option>
            <option value="CDR Audio">CDR Audio</option>
            <option value="Cruise Control">Cruise Control</option>
            <option value="Direct Fuel Injection">Direct Fuel Injection</option>
            <option value="Electric Parking Brake">Electric Parking Brake</option>
            <option value="Floor Mats">Floor Mats</option>
            <option value="Garage Door Opener">Garage Door Opener</option>
            <option value="Leather Package">Leather Package</option>
            <option value="Locking Rear Differential">Locking Rear Differential</option>
            <option value="Luggage Compartments">Luggage Compartments</option>
            <option value="Manual Transmission">Manual Transmission</option>
            <option value="Navigation Module">Navigation Module</option>
            <option value="Online Services">Online Services</option>
            <option value="ParkAssist">ParkAssist</option>
            <option value="Porsche Communication">Porsche Communication</option>
            <option value="Power Steering">Power Steering</option>
            <option value="Reversing Camera">Reversing Camera</option>
            <option value="Roll-over Protection">Roll-over Protection</option>
            <option value="Seat Heating">Seat Heating</option>
            <option value="Seat Ventilation">Seat Ventilation</option>
            <option value="Sound Package Plus">Sound Package Plus</option>
            <option value="Sport Chrono Package">Sport Chrono Package</option>
            <option value="Steering Wheel Heating">Steering Wheel Heating</option>
            <option value="Tire Pressure Monitoring">Tire Pressure Monitoring</option>
            <option value="Universal Audio Interface">Universal Audio Interface</option>
            <option value="Voice Control System">Voice Control System</option>
            <option value="Wind Deflector">Wind Deflector</option>
          </select></td>
      </tr>
    </tbody>
  </table>
  <div style="clear:both;"></div>
  <table class="left_table">
    <tbody>
      <tr>
        <td colspan="2">
          <h4>Vehicle Information</h4>
        </td>
      </tr>
      <tr>
        <td>Year<br><input type="text" name="year"></td>
        <td>Make<br><input type="text" name="make"></td>
      </tr>
      <tr>
        <td>Model<br><input type="text" name="model"></td>
        <td>Exterior Colour<br><input type="text" name="exterior_colour"></td>
      </tr>
      <tr>
        <td>VIN<br><input type="text" name="vin"></td>
        <td>Kilometres<br><input type="text" name="kilometres"></td>
      </tr>
      <tr>
        <td>Engine<br><input type="text" name="engine"></td>
        <td>Doors<br><select name="doors" class="css-dropdowns">
            <option value="2">2</option>
            <option value="3">3</option>
            <option value="4">4</option>
            <option value="5">5</option>
          </select></td>
      </tr>
      <tr>
        <td>Transmission<br><select name="transmission" class="css-dropdowns">
            <option value="Automatic">Automatic</option>
            <option value="Manual">Manual</option>
          </select></td>
        <td>Drivetrain<br><select name="drivetrain" class="css-dropdowns">
            <option value="2WD">2WD</option>
            <option value="4WD">4WD</option>
            <option value="AWD">AWD</option>
          </select></td>
      </tr>
    </tbody>
  </table>
  <table class="right_table">
    <tbody>
      <tr>
        <td colspan="2">
          <h4>Vehicle Rating</h4>
        </td>
      </tr>
      <tr>
        <td>Body (dents, dings, rust, rot, damage)<br><select name="body_rating" class="css-dropdowns">
            <option value="10">10 - best</option>
            <option value="9">9</option>
            <option value="8">8</option>
            <option value="7">7</option>
            <option value="6">6</option>
            <option value="5">5</option>
            <option value="4">4</option>
            <option value="3">3</option>
            <option value="2">2</option>
            <option value="1">1 - worst</option>
          </select></td>
        <td>Tires (tread wear, mismatched)<br><select name="tire_rating" class="css-dropdowns">
            <option value="10">10 - best</option>
            <option value="9">9</option>
            <option value="8">8</option>
            <option value="7">7</option>
            <option value="6">6</option>
            <option value="5">5</option>
            <option value="4">4</option>
            <option value="3">3</option>
            <option value="2">2</option>
            <option value="1">1 - worst</option>
          </select></td>
      </tr>
      <tr>
        <td>Engine (running condition, burns oil, knocking)<br><select name="engine_rating" class="css-dropdowns">
            <option value="10">10 - best</option>
            <option value="9">9</option>
            <option value="8">8</option>
            <option value="7">7</option>
            <option value="6">6</option>
            <option value="5">5</option>
            <option value="4">4</option>
            <option value="3">3</option>
            <option value="2">2</option>
            <option value="1">1 - worst</option>
          </select></td>
        <td>Transmission / Clutch (slipping, hard shift, grinds)<br><select name="transmission_rating" class="css-dropdowns">
            <option value="10">10 - best</option>
            <option value="9">9</option>
            <option value="8">8</option>
            <option value="7">7</option>
            <option value="6">6</option>
            <option value="5">5</option>
            <option value="4">4</option>
            <option value="3">3</option>
            <option value="2">2</option>
            <option value="1">1 - worst</option>
          </select></td>
      </tr>
      <tr>
        <td>Glass (chips, scratches, cracks, pitted)<br><select name="glass_rating" class="css-dropdowns">
            <option value="10">10 - best</option>
            <option value="9">9</option>
            <option value="8">8</option>
            <option value="7">7</option>
            <option value="6">6</option>
            <option value="5">5</option>
            <option value="4">4</option>
            <option value="3">3</option>
            <option value="2">2</option>
            <option value="1">1 - worst</option>
          </select></td>
        <td>Interior (rips, tears, burns, faded/worn, stains)<br><select name="interior_rating" class="css-dropdowns">
            <option value="10">10 - best</option>
            <option value="9">9</option>
            <option value="8">8</option>
            <option value="7">7</option>
            <option value="6">6</option>
            <option value="5">5</option>
            <option value="4">4</option>
            <option value="3">3</option>
            <option value="2">2</option>
            <option value="1">1 - worst</option>
          </select></td>
      </tr>
      <tr>
        <td colspan="2">Exhaust (rusted, leaking, noisy)<br><select name="exhaust_rating" class="css-dropdowns">
            <option value="10">10 - best</option>
            <option value="9">9</option>
            <option value="8">8</option>
            <option value="7">7</option>
            <option value="6">6</option>
            <option value="5">5</option>
            <option value="4">4</option>
            <option value="3">3</option>
            <option value="2">2</option>
            <option value="1">1 - worst</option>
          </select></td>
      </tr>
    </tbody>
  </table>
  <div style="clear:both;"></div>
  <table class="left_table">
    <tbody>
      <tr>
        <td>
          <h4>Vehicle History</h4>
        </td>
      </tr>
      <tr>
        <td>Was it ever a lease or rental return? <br><select name="rental_return" class="css-dropdowns">
            <option value="Yes">Yes</option>
            <option value="No">No</option>
          </select></td>
      </tr>
      <tr>
        <td>Is the odometer operational and accurate? <br><select name="odometer_accurate" class="css-dropdowns">
            <option value="Yes">Yes</option>
            <option value="No">No</option>
          </select></td>
      </tr>
      <tr>
        <td>Detailed service records available? <br><select name="service_records" class="css-dropdowns">
            <option value="Yes">Yes</option>
            <option value="No">No</option>
          </select></td>
      </tr>
    </tbody>
  </table>
  <table class="right_table">
    <tbody>
      <tr>
        <td>
          <h4>Title History</h4>
        </td>
      </tr>
      <tr>
        <td>Is there a lienholder? <br><input type="text" name="lienholder"></td>
      </tr>
      <tr>
        <td>Who holds this title? <br><input type="text" name="titleholder"></td>
      </tr>
    </tbody>
  </table>
  <div style="clear:both;"></div>
  <table style="width: 100%;">
    <tbody>
      <tr>
        <td colspan="2">
          <h4>Vehicle Assessment</h4>
        </td>
      </tr>
      <tr>
        <td>Does all equipment and accessories work correctly?<br><textarea name="equipment" rows="5" style="width: 89%;"></textarea></td>
        <td>Did you buy the vehicle new?<br><textarea name="vehiclenew" rows="5" style="width: 89%;"></textarea></td>
      </tr>
      <tr>
        <td>Has the vehicle ever been in any accidents? Cost of repairs?<br><textarea name="accidents" rows="5" style="width: 89%;"></textarea></td>
        <td>Is there existing damage on the vehicle? Where?<br><textarea name="damage" rows="5" style="width: 89%;"></textarea></td>
      </tr>
      <tr>
        <td>Has the vehicle ever had paint work performed?<br><textarea name="paint" rows="5" style="width: 89%;"></textarea></td>
        <td>Is the title designated 'Salvage' or 'Reconstructed'? Any other?<br><textarea name="salvage" rows="5" style="width: 89%;"></textarea></td>
      </tr>
      <tr>
        <td colspan="2"><input type="submit" value="Submit"> <i class="fa fa-refresh fa-spin loading_icon_form"></i></td>
      </tr>
    </tbody>
  </table>
</form>

Name: make_offerPOST

<form name="make_offer" method="post" class="ajax_form">
  <table>
    <tbody>
      <tr>
        <td>Name: </td>
        <td> <input type="text" name="name"></td>
      </tr>
      <tr>
        <td>Preferred Contact:</td>
        <td> <input type="radio" name="contact_method" value="email" id="offer_email"><label for="offer_email">Email</label> <input type="radio" name="contact_method" value="phone" id="offer_phone"> <label for="offer_phone">Phone</label></td>
      </tr>
      <tr>
        <td>Email: </td>
        <td> <input type="text" name="email"></td>
      </tr>
      <tr>
        <td>Phone: </td>
        <td> <input type="text" name="phone"></td>
      </tr>
      <tr>
        <td>Offered Price: </td>
        <td> <input type="text" name="offered_price"></td>
      </tr>
      <tr>
        <td>Financing Required: </td>
        <td> <select name="financing_required" class="css-dropdowns">
            <option value="yes">Yes</option>
            <option value="no">No</option>
          </select></td>
      </tr>
      <tr>
        <td colspan="2">Other Comments/Conditions:<br>
          <textarea name="other_comments" class="fancybox_textarea"></textarea>
        </td>
      </tr>
      <tr>
        <td colspan="2"><input type="submit" value="Submit"> <i class="fa fa-refresh fa-spin loading_icon_form"></i></td>
      </tr>
    </tbody>
  </table>
</form>

Name: schedulePOST

<form name="schedule" method="post" class="ajax_form">
  <table>
    <tbody>
      <tr>
        <td>Name: </td>
        <td> <input type="text" name="name"></td>
      </tr>
      <tr>
        <td>Preferred Contact:</td>
        <td> <input type="radio" name="contact_method" value="email" id="schedule_email"><label for="schedule_email">Email</label> <input type="radio" name="contact_method" value="phone" id="schedule_phone"> <label for="schedule_phone">Phone</label>
        </td>
      </tr>
      <tr>
        <td>Email: </td>
        <td> <input type="text" name="email"></td>
      </tr>
      <tr>
        <td>Phone: </td>
        <td> <input type="text" name="phone"></td>
      </tr>
      <tr>
        <td>Best Day: </td>
        <td> <input type="text" name="best_day"></td>
      </tr>
      <tr>
        <td>Best Time: </td>
        <td> <input type="text" name="best_time"></td>
      </tr>
      <tr>
        <td colspan="2"><input type="submit" value="Submit"> <i class="fa fa-refresh fa-spin loading_icon_form"></i></td>
      </tr>
    </tbody>
  </table>
</form>

Name: request_infoPOST

<form name="request_info" method="post" class="ajax_form">
  <table>
    <tbody>
      <tr>
        <td>Name: </td>
        <td> <input type="text" name="name"></td>
      </tr>
      <tr>
        <td>Preferred Contact:</td>
        <td> <input type="radio" name="contact_method" value="email" id="request_more_email"><label for="request_more_email">Email</label> <input type="radio" name="contact_method" value="phone" id="request_more_phone"> <label
            for="request_more_phone">Phone</label></td>
      </tr>
      <tr>
        <td>Email: </td>
        <td> <input type="text" name="email"></td>
      </tr>
      <tr>
        <td>Phone: </td>
        <td> <input type="text" name="phone"></td>
      </tr>
      <tr>
        <td colspan="2"><input type="submit" value="Submit"> <i class="fa fa-refresh fa-spin loading_icon_form"></i></td>
      </tr>
    </tbody>
  </table>
</form>

Text Content

 * +43 676 / 330 2909
 * Pielachtalstraße 16, 3232 Bischofstetten


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 * Home
 * Forward Rate Agreement Cfi Code




FORWARD RATE AGREEMENT CFI CODE

 * März 5, 2022
 * Not categorized
 * Posted by kfzrenz
 * Leave your thoughts

A forward rate contract (FRA) is ideal for an investor or company that wants to
set an interest rate. They allow participants to make a known interest payment
at a later date and receive an unknown interest payment. This helps protect
investors from the volatility of future interest rate movements. By entering
into a FRA, the parties agree on an interest rate for a certain period of time
from a future date, based on the principal amount determined at the time of the
initiation of the contract. Company A enters into a FRA with Company B, where
Company A receives a fixed interest rate of 5% on a nominal amount of $1 million
per year. In return, Company B receives the one-year LIBOR rate on the principal
amount set over three years. The contract is paid in cash in a payment made at
the beginning of the term period, discounted by an amount calculated from the
rate of the contract and the duration of the contract. Define a forward rate
contract and describe its use The letters of the Latin ISO basic alphabet in
each position of this 6-digit code reflect specific characteristics inherent in
the financial instruments defined at the time of issuance of the instrument,
which in most cases remain unchanged during the life of the instrument (or the
market on which the instrument is traded). [2] Currency forward settlement can
be made in cash or delivery, provided that the option is acceptable to both
parties and has been previously specified in the contract. ISO 10962 provides a
global standard for these classifications in the form of specific codes. The
Financial Instruments Classification Code (TPI Code) is used to define and
describe financial instruments as a single set of codes for all market
participants. [1] The code is issued by members of ANNA, the Association of
National Numbering Agencies.

The group is currently working on simplifying the structure so that it can be
adopted more widely by non-state market players. Forward rate agreements usually
involve two parties exchanging a fixed interest rate for a variable rate. The
party that pays the fixed interest rate is called the borrower, while the party
that receives the variable interest rate is called the lender. The agreement on
forward rates could have a maximum duration of five years. The nominal amount of
$5 million will not be exchanged. Instead, the two companies involved in this
transaction use this number to calculate the interest rate differential. A
borrower could enter into a forward rate agreement for the purpose of setting an
interest rate if they believe interest rates could rise in the future. In other
words, a borrower may want to set their borrowing costs today by entering a FRA.
The cash difference between the FRA and the reference interest rate or the
variable interest rate shall be settled on the value date or settlement date.
The long-term party agrees to borrow $15 million in 90 days (settlement date).
Then, an interest rate of 2.5% applies for the remaining 180 days of the
contract.

There is a risk for the borrower if he were to liquidate the FRA and the
interest rate on the market had moved negatively, so that the borrower would
suffer a loss of the cash settlement. FRA are very liquid and can be settled in
the market, but there will be a cash flow difference between the FRA rate and
the prevailing market rate. Another important concept in option pricing is the
put-call. The FRA determines the tariffs to be used as well as the date of
termination and the nominal value. FRA are settled in cash with the payment
based on the net difference between the contract interest rate and the market
variable interest rate, called the reference rate. The nominal amount is not
exchanged, but a cash amount based on exchange rate differences and the nominal
value of the contract. When different entities are conducting transactions, it
is considered useful to define a common transaction language. The CFI Code aims
to provide the most comprehensive information possible while maintaining the
manageability of the Code, by providing a standard for identifying the type of
instrument and its main high-level characteristics, determined by the inherent
characteristics of the financial instrument and independent of the individual
names or conventions of a particular country or financial institution. This
principle avoids confusion resulting from different linguistic uses and
redundancies, while allowing an objective comparison of instruments between
markets.

[2] For example, if the Federal Reserve is increasing the United States.
Interest rates, known as the monetary tightening cycle, would likely prompt
businesses to set their borrowing costs before interest rates rise too
drastically. In addition, FRA are very flexible and billing dates can be
tailored to the needs of those involved in the transaction. Options: Definition
of options (code defined by character position): Forward rate agreements (FRA)
are over-the-counter contracts between the parties that determine the interest
rate to be paid at an agreed time in the future. A FRA is an agreement to
exchange an interest obligation for a nominal amount. Starting with FIX 4.3, the
CFICode field has been added to the FIX protocol to provide a standardized
source for security type values using the values defined in ISO 10962:
Classification of Financial Instruments (CFI Code). Prior to FIX 4.3, the
SecurityType field was used to identify security types and was based on a set of
securities published by the International Securities Association for
Institutional Trade Communication (ISITC), which no longer manages ISITC. ISO
10962 defines a 6-digit code in which the position value of each character has a
particular meaning (attribute) and a set of values. Note that „X“ represents an
unspecified or unknown attribute, so it is not always necessary to specify each
attribute (position value of the character). FRA contracts are by mutual
agreement (OTC), which means that the contract can be structured to meet the
specific needs of the user. FRFs are often based on the LIBOR rate and represent
forward rates, not spot rates. Keep in mind that spot rates are necessary to
determine the forward rate, but the spot rate is not the same as the forward
rate.

The FWD may result in the settlement of the currency exchange, which would
involve a transfer or payment of the money to an account. There are times when a
clearing contract is concluded that would be concluded at the current exchange
rate. However, the clearing of the futures contract leads to the settlement of
the net difference between the two exchange rates of the contracts. An FRA leads
to the settlement of the cash difference between the interest rate differences
of the two contracts. Two parties reach an agreement to raise $15 million in 90
days for a period of 180 days at an interest rate of 2.5%. Which of the
following options describes the timing of this FRA? A forward rate contract is
different from a futures contract. An exchange date is a binding contract in the
foreign exchange market that sets the exchange rate for buying or selling a
currency on a future date. A currency date is a hedging tool that does not
require an upfront payment.

The other major advantage of a currency futures contract is that, unlike
standardized currency futures, it can be tailored to a specific amount and
delivery period. Since FRA are settled in cash on the settlement date – the
start date of the fictitious loan or deposit – the difference in interest rate
between the market interest rate and the interest rate of the FRA contract
determines the exposure to each party. .

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Pielachtalstraße 16
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Fax: +43 2748 / 603 77
Email:office[at]kfz-renz.at





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Name: Email: Friends Email: Message:



TRADE-IN

CONTACT INFORMATION

First Name
Last Name
Work Phone
Phone
Email
Preferred Contact
Email Phone Comments


OPTIONS

Adaptive Cruise ControlAirbagsAir ConditioningAlarm SystemAnti-theft
ProtectionAudio InterfaceAutomatic Climate ControlAutomatic HeadlightsAuto
Start/StopBi-Xenon HeadlightsBluetooth® HandsetBOSE® Surround SoundBurmester®
Surround SoundCD/DVD AutochangerCDR AudioCruise ControlDirect Fuel
InjectionElectric Parking BrakeFloor MatsGarage Door OpenerLeather
PackageLocking Rear DifferentialLuggage CompartmentsManual
TransmissionNavigation ModuleOnline ServicesParkAssistPorsche CommunicationPower
SteeringReversing CameraRoll-over ProtectionSeat HeatingSeat VentilationSound
Package PlusSport Chrono PackageSteering Wheel HeatingTire Pressure
MonitoringUniversal Audio InterfaceVoice Control SystemWind Deflector



VEHICLE INFORMATION

Year
Make
Model
Exterior Colour
VIN
Kilometres
Engine
Doors
2345 Transmission
AutomaticManual Drivetrain
2WD4WDAWD

VEHICLE RATING

Body (dents, dings, rust, rot, damage)
10 - best987654321 - worst Tires (tread wear, mismatched)
10 - best987654321 - worst Engine (running condition, burns oil, knocking)
10 - best987654321 - worst Transmission / Clutch (slipping, hard shift, grinds)
10 - best987654321 - worst Glass (chips, scratches, cracks, pitted)
10 - best987654321 - worst Interior (rips, tears, burns, faded/worn, stains)
10 - best987654321 - worst Exhaust (rusted, leaking, noisy)
10 - best987654321 - worst



VEHICLE HISTORY

Was it ever a lease or rental return?
YesNo Is the odometer operational and accurate?
YesNo Detailed service records available?
YesNo

TITLE HISTORY

Is there a lienholder?
Who holds this title?




VEHICLE ASSESSMENT

Does all equipment and accessories work correctly?
Did you buy the vehicle new?
Has the vehicle ever been in any accidents? Cost of repairs?
Is there existing damage on the vehicle? Where?
Has the vehicle ever had paint work performed?
Is the title designated 'Salvage' or 'Reconstructed'? Any other?



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