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Flashcards in money market 2 Deck (3)
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what is a Euronotes Issuance Facility (NIF)

– S/T P-notes sold
through tender process on an underwritten basis but drawn by
borrower under own name


what do Euronotes Issuance Facility (NIF) involve?

- involves tender panel- arranger & lead manager, & other
agents-make a market


what is a Euro Commercial Paper (ECP)?

-it is a CP note issued into the euromarkets e.g. in USD or euros
- needs issuer with high credit rating & good history
- typically more than USD 250 million