Either/or Facility Love Machine 14 years ago Either/or FacilityA formal understanding allowing customers of banks to borrow domestic dollars by approaching the head office of a bank or Eurodollars from a foreign branch of a bank.Recommended for you:Note Issuance Facility (NIF)International Banking Facility (IBF)Swingline Facility DefinitionMoney Market Investor Funding Facility – MMIFF