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Investing Glossary:
Parallel loan
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| 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.
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