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. . 2012.

Look at other dictionaries:

  • Standby Note Issuance Facility - SNIF — A type of credit facility, often a bank, that accepts an arrangement that finances projects via secondary obligations. SNIFs will guarantee payment to the lender if the borrower defaults. In this way, SNIFs ultimately act as a form of insurance… …   Investment dictionary

  • note purchase facility — note issuance facility …   Accounting dictionary

  • revolving underwriting facility — RUF See note issuance facility …   Big dictionary of business and management

  • Евронота — (euronote) Разновидность еврокоммерческого векселя (euro commercial paper); представляет собой краткосрочный отчуждаемый простой вексель (note) на предъявителя (bearer). Номиналы этих векселей могут быть выражены в любой валюте, однако обычно… …   Финансовый словарь

  • евронота — Разновидность “еврокоммерческого векселя” (Euro commercial paper), представляет собой краткосрочный отчуждаемый простой вексель (note) на предьявителя (bearer). Номиналы этих векселей могут быть выражены в любой валюте, однако обычно евроноты… …   Справочник технического переводчика

  • standby credit — A letter of credit that guarantees a loan or other form of credit facility. The bank that issues it promises to refund the amount borrowed if the borrower defaults on repayment. It calls for a certificate of default by the applicant. In a note… …   Big dictionary of business and management

  • ВОЗОБНОВЛЯЕМЫЕ ИСТОЧНИКИ АНДЕРРАЙТИНГА — (revolving underwritting facility) См.: программа выпуска евронот (note issuance facility). Бизнес. Толковый словарь. М.: ИНФРА М , Издательство Весь Мир . Грэхэм Бетс, Барри Брайндли, С. Уильямс и др. Общая редакция: д.э.н. Осадчая И.М.. 1998 …   Словарь бизнес-терминов

  • euronote — A form of euro commercial paper consisting of short term negotiable bearer notes. They may be in any currency but are usually in dollars or euros. The euronote facility is a form of note issuance facility set up by a syndicate of banks, which… …   Accounting dictionary

  • euronote — A form of euro commercial paper consisting of short term negotiable bearer notes. They may be in any currency but are usually in dollars or euros. The euronote facility is a form of note issuance facility set up by a syndicate of banks, which… …   Big dictionary of business and management

  • RUF — Abbreviation for revolving underwriting facility See note issuance facility …   Big dictionary of business and management

  • ЕВРООБЛИГАЦИЯ — (eurobond) Облигация (bond), выпущенная в евровалюте (eurocurrency); евровалютный рынок в настоящее время является одним из крупнейших рынков мобилизации капиталов (он значительно больше, чем фондовый рынок Великобритании). Причиной популярности… …   Словарь бизнес-терминов

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