About this document

Overview of Commercial Paper (CP) by Bhoomi Ahuja is a document available to read on EtoBox.

Commercial paper is a short-term unsecured promissory note issued by large corporations to raise funds as an alternative to bank loans. It is issued through a bank that acts as an agent to facilitate the issuance and sale of the paper to investors. The bank does not provide its own funds, but hopes to make a small margin on high turnover. Commercial paper originated in the US to provide companies a cheaper source of short-term funding than bank loans, benefiting both borrowers and investors. It is a negotia

Author

Bhoomi Ahuja

Language

EN