Note issuance facility
id:
note-issuance-facility-318-422737
title:
Note issuance facility
text:
Note issuance facility (NIF) is an underwriting agreement/arrangement in the Eurocurrency market under which borrowers place short/medium term notes via a syndicate of prime/commercial banks, and the borrowers' issue is backed by the commitment of the syndicate banks to purchase any paper which the borrowers may be unable to sell. Since the facility/guarantee itself is contingent, the creation of NIF does not give rise to an entry in the financial account and will be treated as an off-balance sh
brand slug:
wiki
category slug:
encyclopedia
description:
Underwriting agreement in the Euro-currency market
original url:
https://en.wikipedia.org/wiki/Note_issuance_facility
date created:
date modified:
2023-04-10T19:24:35Z
main entity:
{"identifier":"Q7062550","url":"https://www.wikidata.org/entity/Q7062550"}
image:
fields total:
13
integrity:
14