Multicurrency loans

Multicurrency loans

Gives the borrower the possibility of drawing a loan in different currencies.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Lending rates for multicurrency loans were cut by 0.19 percentage point from 5.84 to 5.65% per year, it said.