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In Russia the dominant form of commercial paper (CP) is the unsecured corporate promissory note (veksel). These became very popular in the 1990s, when they were used more as cash [...]

Commercial paper in Russia consists of unsecured corporate promissory notes (veksels). These offer a higher interest rate than deposits or corporate bonds, but the instruments are also more risky, because [...]

The market for short-term unsecured promissory notes received a regulatory boost in November 2001 with the passage of Law 19,768. Prior to this, commercial paper (CP) -- locally known as [...]

Japan's commercial paper (CP) market, launched in 1987, provides short-term funds to firms, without the need for collateral or underlying commercial transactions. Back-up lines and guarantees by financial institutions may [...]

Commercial paper (CP) is frequently used as a short-term financing instrument. Issuers may not place CP directly, but must entrust that task to a bank or broker and register it [...]

Short-term domestic commercial paper (CP) issues are a common financing instrument. Issues are not consistently reported on and are rare enough, however, that they cannot be used as a consistent [...]

Corporate investors shy away from CP, although it pays higher yields than government and bank paper, because of the thin market and the greater risk involved. The government does not [...]

Companies must register with the General Superintendency of Securities (Superintendencia General de Valores -- SUGEVAL) and comply with quarterly reporting requirements if they wish to offer commercial paper (CP -- [...]

Local companies are frequent issuers of commercial paper (CP -- pagares), which may be purchased through the stockmarket or directly from the issuing firm. No specialised firms exist for CP [...]

After the introduction of Exchange Fund Bills in 1990, the use of Hong Kong-dollar commercial paper (CP) fell drastically, as investors preferred the lower credit risks, tax-exempt status and highly [...]

The commercial paper (CP) market, first seen in Hong Kong in 1985, grew moderately in the late 1980s but began to die off after the 1990 introduction of the government's [...]

Salvadoran companies often issue commercial paper to each other, but a secondary market for the instrument does not exist. Brokers do not specialise in this type of trading. Tax consequences. [...]

The commercial paper market in El Salvador remains nascent. It is generally not traded on secondary markets, but it may be accepted along with inventory guarantees (garantias prendarias) by banks [...]

On the Honduran stock market, short-term CP is the most commonly traded paper, representing nearly three-quarters of total volume. Lengthy listing requirements encourage companies to place other notes privately. Listing [...]

Commercial paper (CP) is generally issued for maturities of less than six months in Guatemala. Primary-market trade in this debt instrument had fallen substantially over the past several years, but [...]

Commercial paper (CP) may be purchased through the stock market or directly from the issuing firm. No formal rating system exists, and investment decisions are made according to purchasers' familiarity [...]

Resolution 173 of the National Securities Commission, released in April 1991, authorised locally incorporated firms and co-operatives to issue commercial paper (CP). These instruments may be issued for a minimum [...]

Most of the commercial paper (CP) issued by domestic companies is placed overseas or held in the portfolio of the underwriting bank. Some pension and mutual funds buy short-term corporate [...]

The market for short-term unsecured promissory notes received a regulatory boost in November 2001 with the passage of Law 19,768. Prior to this, commercial paper (CP) -- locally known as [...]

The Single Banking Law, which incorporates Legislative Decree 385/93 and Law 43/94 on bills of exchange, set out the principles for the issue of commercial paper (CP) for maturities up [...]

Commercial paper (CP) is relatively uncommon inside Italy. The advent of the euro has considerably expanded the potential for corporates to place excess funds in CP, but the market is [...]

In recent years, commercial paper (CP) has become a major means by which local firms acquire short-term financing, and this has been reinforced as local companies increasingly seek direct financing [...]

Short-term, unsecured corporate promissory notes -- commercial paper (CP) -- are by far the most popular form of investment in bills. CP comes in denominations of NT$100,000, NT$500,000, NT$1m, NT$5m [...]

Swiss commercial paper is not available, because local companies find that they can borrow at more favourable rates on the Euro-franc market. SOURCE: Country [...]

Non-bank companies in the UK may issue short-term commercial paper (CP), generally known as commercial bills when they are issued in sterling, provided that they have net assets of at [...]

Two major commercial paper (CP) markets, the sterling and the euro-CP market (that is, CP in any currency other than sterling) are now well established in the UK. Rules on [...]

Lack of a secondary market for commercial paper (CP) has limited its development. Investor interest (both foreign and domestic) in CP is high -- since rates are slightly above those [...]

Commercial paper (CP) was introduced to Poland in 1994 by ING Bank (Netherlands) and has since become the major part of the non-governmental debt securities market. There is a wide [...]

The primary market for commercial paper (CP) is liquid, and even sizeable issues have been placed without a problem. However, the CP market declined for a fourth consecutive year in [...]

In Russia the dominant form of commercial paper (CP) is the unsecured corporate promissory note (veksel). These became very popular in the 1990s, when they were used more as cash [...]

Commercial paper in Russia consists of unsecured corporate promissory notes (veksels). These offer a higher interest rate than deposits or corporate bonds, but the instruments are also more risky, because [...]

Corporate investors shy away from CP, although it pays higher yields than government and bank paper, because of the thin market and the greater risk involved. The government does not [...]

Companies must register with the General Superintendency of Securities (Superintendencia General de Valores -- SUGEVAL) and comply with quarterly reporting requirements if they wish to offer commercial paper (CP -- [...]

Local companies are frequent issuers of commercial paper (CP -- pagares), which may be purchased through the stockmarket or directly from the issuing firm. No specialised firms exist for CP [...]

The German market for commercial paper (CP) -- short-term, unsecured corporate promissory notes -- has grown in recent years, but it remains small compared with those of other large economies. [...]

Commercial paper (CP) is frequently used as a short-term financing instrument. Issuers may not place CP directly, but must entrust that task to a bank or broker and register it [...]

Short-term domestic commercial paper (CP) issues are a common financing instrument. Issues are rare enough, however, that they cannot be used as a consistent instrument for parking cash surpluses. SOURCE: [...]

These unsecured promissory notes issued by companies became part of the official economy in 1972. Steady deregulation and the convenience of commercial paper (CP) as a financing instrument (there are [...]

The commercial paper (CP) market, first seen in Hong Kong in 1985, grew moderately in the late 1980s but began to die off after the 1990 introduction of the government's [...]

After the introduction of Exchange Fund Bills in 1990, the use of Hong Kong-dollar commercial paper (CP) fell drastically, as investors preferred the lower credit risks, tax-exempt status and highly [...]

CP is a popular investment vehicle for medium-sized companies, as well as for some financial institutions and large corporations. Together, Nordea and DnB NOR Markets, the securities arm of DnB [...]

Salvadoran companies often issue commercial paper to each other, but a secondary market for the instrument does not exist. Brokers do not specialise in this type of trading. Tax consequences. [...]

The commercial paper market in El Salvador remains nascent. It is generally not traded on secondary markets, but it may be accepted along with inventory guarantees (garantias prendarias) by banks [...]

On the Honduran stock market, short-term CP is the most commonly traded paper, representing nearly three-quarters of total volume. Lengthy listing requirements encourage companies to place other notes privately. Listing [...]

Large companies such as Statoil issue foreign-currency CP on the euro -commercial-paper market. Krone-denominated CP on the Norwegian financial markets is available to a wide range of issuers. The amount [...]

The Spanish primary market for commercial paper (CP -- pagares de empresa), established in 1981, is one of Europe's oldest. The total amount of CP outstanding at end-2004 registered with [...]

Resolution 173 of the National Securities Commission, released in April 1991, authorised locally incorporated firms and co-operatives to issue commercial paper (CP). These instruments may be issued for a minimum [...]

Most of the commercial paper (CP) issued by domestic companies is placed overseas or held in the portfolio of the underwriting bank. Some pension and mutual funds buy short-term corporate [...]

The commercial paper (CP) market remains small, although some growth has been evident in recent years. It has lacked support because bank-lending margins remain sufficiently narrow as to be preferred [...]

The market in commercial paper is relatively small. Major universal banks can arrange CP issues. Tax consequences. A stamp duty of 0.25% is payable. Interest earned is taxable as regular [...]