Multicurrency Note Facility

The more the merrier, right? A multicurrency note facility certainly thinks so.

Multicurrency note facilities offer loans that are more than one currency, either medium-term notes and/or short-term notes. And why not, since they have all of those currencies on hand?

When a financial institution lends out multiple currencies, it’s called a “euro-currency” transaction, even if no European currencies are in the transaction (we know, it’s weird...and that use of “euro” isn’t the only term like this; it just implies foreign currency compared to the holding bank’s location).

Multicurrency note facilities cater to those who benefit from the multiple currencies on hand, such as companies from one country operating in another country. It’s a small world after all, multicurrency note facilities say.