PARALLEL LOAN


Meaning of PARALLEL LOAN in English

A process whereby two companies in different countries borrow each other's currency for a specific period of time, and repay the other's currency at an agreed maturity for the purpose of reducing foreign exchange risk . Also referred to as back-to-back loans .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.