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:
- 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 ...
- 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 ...
- 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 ...
- Parallel Loan: Definition from Answers.com
Parallel Loan Four-party loan involving parent companies and their subsidiaries in different countries.
- 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.
- 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 ...
- 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.
- 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 ...