So spot rate is for immediate delivery and forward rate is for delivery later.

所以即期汇率就是在即期交易时的汇率，而后者就是在期货交易付的汇率。

In Chapter 3, a new term structure of the instantaneous forward rate is proposed.

在第三章中，我们提出了一个对远期利率期限结构进行建模的新方法。

If the forward rate is on the same level as the spot rate, they are known as at par.

如果远期汇率低于即期汇率，其差额叫做贴水。如果远期汇率等于即期汇率，叫做平价。

One of them is the forward rate and the other one is inflation indexed interest rates.

一个是远期利率，另一个是通胀指数化利率。

The forward rate of a currency is at a "premium" or at a "discount" in terms of another.

一种货币在兑换另一种货币时，远期汇率有升水或贴水情况。