|
Note Issuance Facility - NIF
What does it mean?
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.
In Other Words...
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.
Related Links
Money Market Tutorial - If your investments in the stock market are keeping you from sleeping at night, it's time to learn about the safer alternatives in the money market.
Related Terms
Club Deal | Eurocurrency | Negotiated Underwriting | Note | Revolving Credit | Syndicate | Underwriting
1 |
A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
|
