In a parallel loan arrangement, an example would be where

the United States parent firm lends dollars to the U.S. affiliate, while the Dutch parent firm lends guilders to the Dutch affiliate.

the United States parent firm lends dollars to the Dutch affiliate, while the Dutch parent lends guilders to the American affiliate.

the United States parent lends guilders to the Dutch affiliate, while the Dutch parent lends dollars to the American affiliate.

the parent firms lend funds to each other, while the affiliates lend funds to each other.