parallel loan
A borrowing agreement that has now largely been replaced by currency swaps, where two companies based in two different countries borrow an equal value of each other's currencies that is then repaid after a period of time. In the past, a parallel loan might have been used to hedge forex risk. also called a back to back loan.
Browse by Subjects
back to back loan
See All Related Terms »

reimburse
realisation
Banker's Acceptance
assessment
Supply Elasticity