# Fixed-Expiry FPA

### Fixed-Expiry FPA Contract

The Fixed-Expiry FPA is an implementation of the [Base FPA](https://dev.bondprotocol.finance/smart-contracts/bond-system/auctioneer/fixed-price-auctioneer-fpa/broken-reference) contract specific to creating fixed-expiry bond markets and deploying an ERC20 bond position token for the market on creation.