NIF functioning in a bank syndicate
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ludvig
Apprentice
Joined: 23 Nov 2004
Posts: 6
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 Posted: 08/19/08 - 05:04 Post subject: |
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| Is there anyone here who is at home in the world of insurance and banking? The issue I am trying to find more about is a NIF or Note Insurance facility and how this functions within a bank syndicate. If you can tell me more, that would be excellent. Thanks in advance. |
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corbin
Apprentice
Joined: 04 Aug 2004
Posts: 4
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| Posted: 09/18/08 - 01:33 Post subject: |
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| This is simply a means of issuing euronotes. It is applied exclusively on the eurocurrency market, and with short term borrowers in mind. The maturities couples to this last less than one year and are basically in existence to make the situation more smooth for short term borrowers. In this case new euronotes do not have to be issued every single time. |
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