Multicurrency loans

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Multicurrency loans

Gives the borrower the possibility of drawing a loan in different currencies.

Multicurrency Loans

Loans in which the borrower, at his/her discretion, may receive the funds from the loans in more than one currency. Some multicurrency loans only use two currencies, while others give the borrower the choice of several currencies. Multicurrency loans are particularly useful to multinational corporations that wish to reduce the foreign exchange risk in financing a project that may need to occur in several countries at once. See also: Dual currency issue.
References in periodicals archive ?
US dollar-denominated multi-currency loans from the World Bank and Asian Development Bank comprised 11.
Nowadays, with the Basel III accord and new banking regulations throughout the region, multi-currency loans came in vogue to permit local banks to lend in local currencies, with new and tighter caps introduced in recent years, he said.
This will be the first time eFIRST Origin will be used within a multi-currency loans environment, and we are looking forward to working closely with Bank of Scotland International to ensure all mortgage illustrations will be accurately generated, controlled and documented as part of their rigorous approach to compliance.
Banner also provides a way to take advantage of Japan's ultra low interest rates by arranging multi-currency loans for international property purchases and refinancing options for property in the US, Canada, UK, Australia and New Zealand.
Focuses on multi-currency loans on residential properties based in the UK available to both UK residents and foreigners.
The need to mitigate risks saw the appearance of multi-currency loans
Post-crisis multi-currency loans came in vogue to permit local banks lending in local currencies.
We can arrange multi-currency loans for international property purchases and re-financing.
The Credit Agreement replaces Noble's existing $70 million facility with Comerica and allows for multi-currency loans to Noble's domestic and international subsidiaries.
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