Either/or facility

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Either/or facility

An agreement permitting a bank customer to borrow either domestic dollars from the bank's head office or Eurodollars from one of its foreign branches.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Either/Or Facility

A loan agreement whereby a bank allows a customer to borrow a certain amount of money, either in the domestic currency from one of its domestic branches or in a eurocurrency from one of its foreign branches.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved