FRA h x m number, first, means, short

CFA4Techie

Folks , I finally understood this short form way the FRA is represented . Say 2 x 5 , it means 60 days to the initiation of the FRA and 150 days to expiry. Num days for numerator is 2nd number ( * 30) while first is num days for denominator

ayaz_mahmud369

I just do a time line and don't think of the formula...I also don't use the value formula, I just work with prices and it's easier that way.