A credit facility that requires an agreement between an issuer (borrower) and an underwriting bank, providing the borrower with contingent liability in the event the borrower is unable to sell their euro notes. The banks agree to buy the unsold euro notes at a previously agreed price.
Related information about revolving underwriting facility (RUF):
- Revolving Underwriting Facility (RUF) Definition | Investopedia
A form of revolving credit in which a group of underwriters agrees to provide loans in the event that a borrower is unable to sell in the Eurocurrency market.
- What is revolving underwriting facility (RUF)? definition and meaning
Definition of revolving underwriting facility (RUF): A credit facility that requires an agreement between an issuer (borrower) and an underwriting bank, providing ...
- Revolving Underwriting Facility - RUF: Definition from Answers.com
Revolving Underwriting Facility (RUF) Medium-term Euronote facility, usually between three and seven years maturity, that guarantees the overseas sale.
- What is REVOLVING UNDERWRITING FACILITY (RUF)? definition ...
Definition of REVOLVING UNDERWRITING FACILITY (RUF): A short to medium term credit line involving the purchase and loaning of Euronotes to allow the ...
- Revolving Underwriting Facility (RUF) Definition | Business ...
medium-term Euronote facility, usually between three and seven years maturity, that guarantees the overseas sale of short-term promissory notes (the ...
- underwriting group Definition | Business Dictionaries from ...
financing method used in sale of promissory notes (Euronotes) through a Revolving Underwriting Facility (RUF) . A syndicate, consisting of up to 15 to 20 ...
- Note Issuance Facility (NIF) Definition | Business Dictionaries from ...
Revolving Underwriting Facility (RUF). medium-term Euronote facility, usually between three and seven years maturity, that guarantees the overseas sale of ...
- Revolving underwriting facility (RUF) - OECD.Stat
Aug 1, 2002 ... A medium- to long-term finance instrument that allows the borrower, by issuing short-term paper, to benefit from cheaper short-term funds.