Exchange Currency

parallel loan

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 back-to-back loans.

Related information about parallel loan:
  1. Parallel Loan Definition | Investopedia
    A type of foreign exchange loan agreement that was a precursor to currency swaps. A parallel loan involves two parent companies taking loans from their ...
     
  2. What is parallel loan? definition and meaning - InvestorWords.com
    Definition of parallel loan: An arrangement in which two companies in different countries borrow each other's currency for a given period of time, in order reduce ...
     
  3. Parallel Loan - Financial Dictionary - The Free Dictionary
    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 ...
     
  4. Parallel Loan: Definition from Answers.com
    Parallel Loan Four-party loan involving parent companies and their subsidiaries in different countries.
     
  5. What is parallel loan? - BusinessDictionary.com
    Definition of parallel loan: Four-party arrangement in which a parent firm finances a subsidiary firm in another country, without a cross-border transfer of funds.
     
  6. parallel loan - Business Definition
    parallel loan definition: A lending arrangement in which two firms in different countries borrow one another's currency. For example, a firm in country A makes a ...
     
  7. Parallel loan Definition - NASDAQ.com
    Parallel loan: read the definition of Parallel loan and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
     
  8. Parallel Loan Disbursements
    Parallel Loan Disbursements. The Administrative Agent works closely with the borrower, IFC deal team, legal counsel and senior lenders to ensure all Condition ...