Commercial paper

Commercial paper

Abbr.: CP. Common form of money market paper in the US in the form of a promissory note issued by a large company which gives a blank endorsement of the CP. Interest is discounted from the face value at the prevailing market rate for commercial paper on sale. Foreign companies have recently also started issuing CP in the US. See also Eurocommercial paper.

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Part of Speech: noun
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Industry/Domain: Banking
Category: Investment banking
Company: UBS
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Related terms

commercial paper

Banking; Investment banking

Abbr.: CP. Common form of money market paper in the US in the form of a promissory note issued by a large company which gives a blank endorsement of the CP. Interest is discounted ...

commercial paper

Financial services; Commodity exchange

Short-term promissory notes issued in bearer form by large corporations, with maturities ranging from 5 to 270 days. Since the notes are unsecured, the commercial papers market ...

commercial paper

Economy; International economics

Negotiable instruments used in commerce. Usually they are short term, unsecured, promissory notes issued by highly rated entities and are traded on the money markets.

commercial paper

Financial services; Private equity

An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. Maturities typically range from 2 to 270 ...

commercial paper

Financial services; General Finance

Short-term unsecured promissory notes issued by a corporation. The maturity of commercial paper is typically less than 270 days; the most common maturity range is 30 to 50 days or ...

commercial paper

Energy; Natural gas

Short-term promissory notes issued and sold by utilities and other companies usually through dealers in such paper.

dirty floating

Banking; Investment banking

Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the ...

economic viability

Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

summary bill enforcement procedure

Banking; Investment banking

Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.

share index

Banking; Investment banking

Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss ...

benchmark

Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

standing order

Banking; Investment banking

Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.

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