Note Issuance Facility (NIF)

Note Issuance facility is merely a method of financing that involves repeat issues of a short term debt instrument to the most competitive bidder through auctions.

• When combined with a Revolving Underwriting Facility (RUF i.e. an underwriting facility which is extended in every round of fund-raising),the issue will devolve on the underwriter,if the bids from investors are above the cut-off rate.
• this financing mechanism is also known as RUF/NIF

The advantage is that the borrowing company can access funds long-term at short-term rates. For example,a 3 year underwriting facility for 90 day paper means that the borrower may tap the market up to twelve times in three years

• Finance:Bankers’ Acceptance Facility(B/A)
• Short Term Financing-Bank Overdraft Facility
• Medium Term Financing- Hire Purchase and Leasing Facility (Part 1)
• Finance:Trust Receipt Facility
• Commonly Used Terms In Foreign Exchange
• Bridging &End-Financing
• Is Your Company A Going Concern Outfit?