Note Issuance Facility - NIF
- Note Issuance Facility - NIF
- A syndicate of commercial banks that have agreed to purchase any short to medium-term notes that a borrower is unable to sell in the eurocurrency market.
The NIF acts as an underwriter. Should the borrower be unable to sell all notes, the syndicate is obligated to purchase all the remaining notes from the borrower, essentially providing credit. Note issuance facilities are useful in reducing risk and costs for both the borrower and the lender.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Note Issuance Facility (NIF) — Fazilität, die die Liquiditätsbeschaffung über die revolvierende Platzierung von kurzfristigen Schuldtiteln (⇡ Notes) ermöglicht. Diese werden im ⇡ Tenderverfahren am Markt untergebracht. Anders: ⇡ Revolving Underwriting Facility (RUF). Bei einer … Lexikon der Economics
Note Issuance Facility — (NIF) is an underwriting agreement/arrangement in the Eurocurrency market under which borrowers place short/medium term (one to six months) notes via a syndicate of prime/commercial banks, and the borrowers issue is backed by the commitment of… … Wikipedia
Note issuance facility (NIF) — An agreement by which a syndicate of banks indicates a willingness to accept short term notes from borrowers and resell these notes in the Eurocurrency markets. The New York Times Financial Glossary … Financial and business terms
note issuance facility — ( NIF) An agreement by which a syndicate of banks indicates a willingness to accept short term notes from borrowers and resell these notes in the Eurocurrency markets. Bloomberg Financial Dictionary * * * note issuance facility note issuance… … Financial and business terms
note issuance facility — NIF; = note purchase facility A means of enabling short term borrowers in the eurocurrency markets to issue euronotes, with maturities of less than one year, when the need arises rather than having to arrange a separate issue of euronotes each… … Accounting dictionary
note issuance facility — NIF; note purchase facility A means of enabling short term borrowers in the eurocurrency markets to issue euronotes, with maturities of less than one year, when the need arises rather than having to arrange a separate issue of euronotes each time … Big dictionary of business and management
note issuance facility — /nəυt ɪʃuəns fəˌsɪlɪti/ noun a credit facility where a company obtains a loan underwritten by banks and can issue a series of short term eurocurrency notes to replace others which have expired. Abbreviation NIF … Dictionary of banking and finance
NIF — ( note issuance facility) An agreement by which a syndicate of banks indicates a willingness to accept short term notes from borrowers and resell these notes in the Eurocurrency markets. Bloomberg Financial Dictionary * * * NIF NIF FINANCE… … Financial and business terms
facility — fa‧cil‧i‧ty [fəˈsɪlti] noun facilities PLURALFORM 1. facilities [plural] PROPERTY special buildings or equipment that have been provided for a particular use, such as sports activities, shopping or travelling: • The hotel s leisure facilities… … Financial and business terms
NIF — National Ignition Facility (Governmental » NASA) Número de Identificación Fiscal (International » Spanish) ** New Israel Fund (Community » Non Profit Organizations) * National Immigration Forum (Community » Non Profit Organizations) * Nuveen… … Abbreviations dictionary
