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حسابداری و مالی::
وام اتکایی
A back-to-back loan, also referred to as a parallel loan or credit swap, occurs when two busi- ness firms in separate countries arrange to borrow each other's currency for a specific period of time.
Back-to-back loans are also used at a time of actual or anticipated legal limitations on the transfer of investment funds to or from either country.
The structure of a typical back-to-back loan is illustrated in Exhibit 11.9.
The back-to-back loan provides a method for parent-subsidiary cross-border financing without incurring direct currency exposure.
Parent company guarantees are not needed on the back-to-back loans because each loan carries the right of offset in the event of default of the other loan.
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