In a back-to-back loan agreement two borrowing companies agree to swap their loans which are denominated in two different currencies.

Name: In a back-to-back loan agreement two borrowing companies agree to swap their loans which are denominated in two different currencies.
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In a back-to-back loan agreement, two companies in different countries borrow each other's currency for a set period of time, effectively swapping loans in their respective currencies to hedge against currency risk.

In a Back-To-Back Loan Agreement Two Borrowing Companies Agree to Swap