Note issuance facility (NIF) is an agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell those notes in the Eurocurrency markets. The discount rate is often tied to LIBOR.
Note issuance facility (NIF) is a medium-term credit agreement between an international bank and its larger corporate and governmental credit customers, where the customer is authorized to periodically issue short-term notes, each or which usually comes due and is retired in 90 to 180 days, over a stipulated contract period (such as five years), with the bank pledging to buy any notes the customer cannot sell to other investors.