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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.


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Kerzner (16) is the most recent case addressing the back-to-back loan strategy among related parties.
Equally, he proceeded in saying that interest free back-to-back loans are deemed to give rise to interest income amounting to 0.
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.
 
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