Back-to-Back Loan

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Back-to-back loan

A loan in which two companies in separate countries borrow each other's currency for a specific time period and repay the other's currency at an agreed-upon maturity.

Back-to-Back Loan

A situation in which two companies in different countries borrow an equivalent amount from each other in their respective currencies. That is, there is no net capital output because the companies are borrowing the same amount, only in different currencies. The companies repay these loans in an agreed-upon period of time. This used to be a common way to hedge against currency fluctuations, though currency swaps have largely replaced them.

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No references found			Back-to-Back Loans Kerzner (16) is the most recent case addressing the back-to-back loan strategy among related parties. Current developments in S corporations by Karlinsky, Stewart S.; Burton, Hughlene A. / The Tax Adviser He said: "We've already heard about the extent to which this bank gave loans to its own directors, how it gave loans to other people to buy shares in the same bank and arranged back-to-back loans with another financial institution to make its financial position look healthy at a time when it was anything but. ANGLO CRASH WOULD COST US EUR60BN; Cowen defends bail-out by The Mirror (London, England) In a back-to-back loan, you pay off the existing loan but immediately borrow again. What to Believe About Payday Loan Testimonials by Alexes Lebeau / Finance and Investment community			Back of Book Back Office Back on the Shelf Back Order Back Pay Back Stop back taxes Back Test Back Testing Back Translation Back Up Back Up the Truck Back-and-Fill Back-End Load Back-End Load Fund back-end ratio Back-End Value Back-Office Crunch Back-Testing Back-to-Back Commercials Back-to-Back Commitment Back-to-Back Credit Back-to-Back Financing back-to-back lease Back-to-Back Letter of Credit Back-to-Back Loan Back-to-Back Swap Back-Up Withholding Backbone Backdating Backdoor Borrowing Backdoor Listing Backed In Backer Card backfill Backflush Costing Background Background Investigation Background Music Background Notes Background Processing Backing Away Backlighting Backlog Backspread backup contract Backup Line Backup Line of Credit Backup Space Backup Tape Backup Withholding			Back-story back-surface field back-swept Back-Test Back-testing Back-Tests back-to-back back-to-back Back-to-Back Borrowing Back-to-Back Commercials Back-to-Back Commitment Back-to-Back Commitments Back-to-Back Credit Back-to-Back Credits Back-To-Back Documentary Credits Back-to-back financing Back-to-back high-voltage direct current Back-to-back house Back-to-back houses Back-to-Back L/C back-to-back lease Back-to-Back Letter of Credit Back-to-Back Letters of Credit Back-to-back life sentences Back-to-Back Loan Back-to-Back Loans Back-to-Back Swap Back-to-Back Swaps Back-to-back user agent back-to-backs back-to-front back-to-front back-to-front back-to-front back-to-front ratio Back-to-Normal Back-to-Office Report Back-To-School Drive Back-To-School-Diet Back-Traffic Protection Back-up Back-up Back-up Back-up Back-up Back-up CINC CTD Manager Back-Up Communication System Back-Up Computer System Back-Up Control Center Back-Up COP Correlation Site Back-Up Credit Back-Up Credits Back-Up CTP Correlation Site Back-up CTP Manager Back-Up Emergency Communication

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