Back-to-back loans
Back-to-back loans
Back-to-back loans are debts exchanged between two companies for the purpose of hedging against foreign exchange rate fluctuations. Two companies in different countries would borrow corresponding amounts from one another. A U.S. company, for example, would loan a specified amount in dollars to a Japanese company, and the Japanese company would loan the U.S. company an equivalent amount in yen.
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