A process whereby two companies in different countries borrow each other`s currency for a specific period of time, and repay the other`s currency at an agreed maturity for the purpose of reducing foreign exchange risk. Also referred to as back-to-back loans.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm
A process whereby two companies in different countries borrow each other's currency for a specific period of time, and repay the other's currency at an agreed maturity for the purpose of reducing foreign exchange risk. Also referred to as back-to-back loans.
Found on
http://www.encyclo.co.uk/local/20047
A process whereby two companies in different countries borrow each other's currency for a specific p
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
