money market 2 Flashcards by Harry Evans | Brainscape

Q

what is a Euronotes Issuance Facility (NIF)

A

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

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Q

what do Euronotes Issuance Facility (NIF) involve?

A

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

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Q

what is a Euro Commercial Paper (ECP)?

A

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

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