See Also: Parallel loan(finance)
Parallel loan(money)
Tight money or dear money(finance)
Parallel(medicine)
parallel(2)(dictionary)
parallel(1)(dictionary)
parallel bars(dictionary)
parallel 3, verb(dictionary)
parallel 2, adjective(dictionary)
parallel track(medicine)

Parallel loan (money)


Definition: [crh] A process whereby two companies in different countries borrow each other's currency for a specific period of tDefinition: ime, 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.