Buying a party's position in a countertrade in exchange for hard currency and selling it to another customer is known as a(n)

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Switch trading involves buying a party's position in a countertrade in exchange for hard currency and selling it o another customer. Offset purchases involve large hard-currency purchases, such as the purchase of defense equipment, by a developing country. The seller agrees, in return for the sale of its offering, to purchase products that are valued at a certain percentage of the sale. In a buyback agreement, the seller builds and provides a turn-key plant, as well as the manufacturing know-how. The seller is paid up-front part of the cost of the plant in an agreed upon convertible currency. The seller agrees to purchase specific quantities of the plant's output over an extended period of time.

Buying a Party's Position in a Countertrade in Exchange for Hard