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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 that 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.


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