Back to back loan

 

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Back to back loan

A situation where an investment organisation, such as an investment trust, deposits sterling with a UK bank which subsequently arranges with a foreign associate bank to lend the equivalent amount of foreign currency to the investment organisation. The purpose of this transaction is to hedge against currency fluctuations affecting the portfolio.



Similar Matches

Drawback

Drawback

A tax or duty rebate on imported goods that are exported at a later date.


Take back mortgage

Take back mortgage

A loan made directly from the seller to the buyer.


Lease back

Lease back

A situation whereby a property is sold by its owner to another person or company on condition that the purchaser leases the property back to the original owner for an agreed rent over a set term. This enables the original owner to raise capital which can be used for other purposes.


Piggybacking

Piggybacking

A broker who trading stocks, bonds or commodities in a personal account following a trade just made for a customer. The broker assumes that the customer is making the trade on valuable inside information.


Piggyback registration

Piggyback registration

When a securities underwriter allows existing holdings of shares in a corporation to be sold in combination with an offering of new public shares.


Further Suggestions

buy back
Payback
Plow back
Odd Lot Buy Back
Lehman Brothers Mortgage Backed Securities Index
Back fee
Normal backwardation theory
Back up
backspread
Commodity backed bond
Discounted payback
Stripped mortgage backed securities (SMBS)
Discounted payback period rule
Plowback rate
Backdating
Rollback
Dividend clawback
back to back inheritance tax plan
Tax clawback agreement
Backward bending
Death backed bonds
Buyback
back end load
Mortgage Backed Securities Clearing Corporation (MBSCC)
Duty drawback


 
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