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Glossary > N > "Note issuance facility (NIF)" Definition

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.

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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.

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.