back to back loan
Back to Back Loan A loan where two companies in different countries borrow offsetting amounts in each others currency. ... company would make a $1000 dollar loan to a U. ... company would make an equal value loan (at spot exchange rates) in sterling to the U. ... Back to Back Loan - A loan structure when "A" deposits a sum of money with a bank in country "X" on condition that a related branch, agency, edge corporation or bank located in country "Y" will lend an equivalent sum to "A" or a designee in country "Y". Back-to-back loan Offsetting loans, often made in one currency in one country against a loan in another currency in another country. ... 03 ReutersFrench Bull EU resists French pressure over €450m loan to computer maker Bull, Monti says he will take case to ECJ 02.