An exchange-traded forward contract. In such a contract, the purchase or sale of an interest rate instrument, e.g. a bond, is agreed on the contract date to be delivered at a future date, at a given price. Usually no actual delivery takes place; the contract is normally closed out before the agreed maturity.
INTEREST RATE FUTURE
Meaning of INTEREST RATE FUTURE in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012