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. Also referred to as back-to-back loans . Bloomberg Financial Dictionary
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parallel loan \ \ \check tagging. The variant 'parallel loan' will have to be added at 'back-to-back economy'. MM: add parallel loan as a sub saying another name for bac-to-back loan \\ parallel loan ➔ loan1
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parallel loan UK US noun [C] FINANCE
► BACK-TO-BACK LOAN(Cf. ↑back-to-back loan)
Financial and business terms. 2012.