I work at an international bank within the M&A FIG team, and have seen that my associate uses the future daily EURIBOR 3M,6M,12M to estimate what the future interest income on a banks loans will be. In order to do so, he got both the future daily Zero coupon rates and daily forward rates in the EURIBOR.
He then told me that the rate that has to be used to project the future interest income on a banks loans should be the zero rate, instead of the forward rate.
He didn't gave the reason for that (asked me to look it by myself), and cannot get any help from Bloomberg's specialists. It has been a week from that and I do not feel any progress in my research.
I would appreciate(a lot) any help on the matter. Thank you in advance.