Definition:
Note Issuance Facility (NIF)
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A note issuance facility (NIF) is a medium-term credit agreement between an international bank and corporate or government customers.In a note issuance facility, the customer is authorized to periodically issue short-term notes that usually come due between 90 and 180 days.
In a note issuance facility, the bank pledges to buy any notes that the customer cannot sell to other investors during the contract period.
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