back-to-back loans


An arrangement in which two companies in different countries borrow each other's currency for a given period of time, in order reduce foreign exchange risk for both of them. also called parallel loans.

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The back-to-back loans was a strategy used by the two nations to offset some of the exchange rate risk involved.

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You should always make sure that you pay off the first part so you can continue on with your back-to-back loans.

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We had gotten back-to-back loans from the other company and tit was really cool to have and we liked them a lot.

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