A financial market that facilitates the international trade of currencies outside of domestic regulatory jurisdictions, alongside being seen as the converged market of the European Union for goods.
A Note Issuance Facility (NIF) is a financial arrangement that enables short-term borrowers in the eurocurrency markets to issue euronotes with maturities of less than one year on a rolling basis. This facility provides an efficient, flexible way to manage short-term funding needs without the need for separate borrowing arrangements each time funds are required.
