Service Level Agreement (in Italian: Service Level Agreement) under the abbreviation SLA are contractual instruments that define the service measures (z.B. quality of service) that a service provider must comply with vis-à-vis its customers/users. Once the contract is concluded, they have the importance of contractual obligations. The Forward Rate Agreement (FRA) is a derivative contract in which the parties agree to exchange, at the expiry of the contract, the difference between a fixed interest rate (or forward rate) and a market variable rate (or settlement rate) multiplied by the duration of the contract and the nominal capital. The period between the date of conclusion of the contract and the date from which interest begins is called the “Grace period”, which allows you to be immune to any future changes in interest rates. A: I no longer work for ABT Electron. = I no longer work for ABT Electron.