See Also: Parallel loan(finance)
Parallel loan(money)
Project Finance Loan Program(money)
Project finance loan program(finance)
parallel(1)(dictionary)
parallel(2)(dictionary)
Parallel(medicine)
parallel 2, adjective(dictionary)
parallel evolution(encyclopedia)
parallel bars(encyclopedia)

Parallel loan (finance)


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.