A clause that allows the borrower to repay a loan obtained in one European currency to another European currency on a pre-set rollover date. The advantages of this regard the value of different currencies, though with the implementation of the Euro, this may be used less frequently than before the currency change.
Related information about multicurrency clause:
- Multicurrency Clause - Financial Dictionary - The Free Dictionary
Such a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date. Multicurrency Clause. A clause in some ...
- What is multicurrency clause? definition and meaning
Definition of multicurrency clause: A clause that allows the borrower to repay a loan obtained in one European currency to another European currency on a ...
- What is multicurrency loans? definition and meaning
multicurrency loans. multicurrency clause · multicurrency note facility. Definition. Loan needed when the borrower receives funds income in two or more different ...
- Multicurrency clause Definition - NASDAQ.com
Multicurrency clause: read the definition of Multicurrency clause and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
- Multicurrency Clause Definition
Multicurrency Clause Clause that allows a Euro loan borrower to opt, on a rollover date, for a currency switch.
- Euromarkets (Ch. 13)
Though most Eurocurrency loans are Eurodollar loans, these often come with a multicurrency clause. This clause gives the borrower the right (subject to ...
- What is Acceleration Clause (Real Estate) - Super Glossary
Multicurrency Clause: An agreement in the case of a Euro loan that permits the borrower to switch from one currency to another currency on a rollover date.
- What is Multiple-Listing Clause (Real Estate) - Super Glossary
Multicurrency Clause: An agreement in the case of a Euro loan that permits the borrower to switch from one currency to another currency on a rollover date.