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Commercial paper (CP) is sold mostly to institutional investors rather than to companies or individuals. Insurance companies and pension funds are major investors in short-term paper from banks and companies [...]

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 [...]

Corporate investors shy away from commercial paper (CP), although it pays higher yields than government and bank paper, because of the thin market and the greater risk involved. The CNBV [...]

There was a small market for commercial paper (CP) in the early 1990s, but companies were subsequently unable to compete with the high real returns offered on government paper. No [...]

CP is sold mostly to institutional investors rather than to companies or individuals. Insurance companies and pension funds are major investors in short-term paper from banks and companies with high [...]

Investors tend to buy commercial paper (CP) with maturities ranging from seven to 180 days, with 30-90 days the most common period, and to hold the paper until maturity. CP [...]

The billet de tresorerie (BT) treasury notes that are the equivalent of commercial paper (CP) in the US, have become one of the most popular term-credit instruments in France. The [...]

Corporate investors shy away from commercial paper (CP), although it pays higher yields than government and bank paper, because of the thin market and the greater risk involved. The government [...]

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 [...]

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 [...]

The minimum investment in treasury notes (billets de tresorerie -- BTs), the equivalent of commercial paper in the US, is [euro]150,000. The yield on the paper of medium-sized companies tends [...]

The market in commercial paper is limited. Major universal banks can arrange commercial paper (CP) issues. Tax consequences. Interest earned is taxable as regular corporate [...]

The primary market for commercial paper (CP) is liquid, and even sizeable issues have been placed without a problem. Commercial paper issuance declined by 5.9%, to Zl 12.95bn, in 2008, [...]

Commercial paper (CP) has existed since 1980 in Mexico. In 2008, Ps32bn was issued in CP, up from Ps10bn in 2007, according to the CNBV. The market for commercial-paper (CP) [...]

The market in commercial paper is limited. Major universal banks can arrange commercial paper (CP) issues. Tax consequences. Interest earned is taxable as regular corporate [...]

Borrowers with sufficient standing can raise short-term financing by using commercial paper (CP -- also known as one-name paper, promissory notes or note-issuance facilities). Where CP is endorsed by a [...]

The primary market for commercial paper (CP) is liquid, and even sizeable issues have been placed without a problem. Commercial paper issuance expanded by 6.8%, to Zl 13.76bn in 2007. [...]

The lack of a secondary market for commercial paper (CP) has limited its development in the Czech Republic. Investor interest (both foreign and domestic) in CP is high -- since [...]

CP has proved to be a popular short-term investment vehicle, largely because of aggressive competition among financial institutions, since 1987, when the first domestic issues appeared. City banks and securities [...]

Only a handful of Nicaraguan companies have issued commercial paper (CP) over the past few years: Banco de Credito Centroamericano (Bancentro), Cafe Soluble, Casa Pellas, CredoMatic, Delta Financiera, Inmuebles Diano [...]

Only a handful of companies in Nicaragua have issued commercial paper (CP). Because of the lack of a formal rating system or a widely developed debt market, investors approach such [...]

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 [...]

Large companies 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 central bank no longer [...]

The 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 [...]

Commercial paper (CP -- pagares de empresa) issues declined in the 1990s, largely because of unfavourable tax treatment and a move to bank loans. Tax treatment of CP became more [...]

Commercial paper (CP) is relatively uncommon inside Italy, but its importance has been growing. The advent of the euro has considerably expanded the potential for businesses to place excess funds [...]

The market for commercial paper (CP) is small in Colombia, despite growing interest in recent years. Private corporations and public entities generally sell CP. Maturities range from 45 days to [...]

Companies often issue CP through direct private placements to investors, although it may be issued by auction through brokers. A parent company that already has an acceptable international credit rating [...]

CP has not been issued since the late 1990s. Maturities for CP, when issued in the early 1990s, ranged from 90-360 days. It usually carried a return above the prevailing [...]

Domestic firms' unfamiliarity with commercial paper (CP) has hampered the market's development. Specific regulations have been slow to evolve. However, ING Bank, Credit Suisse-First Boston and other foreign brokerages are [...]

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

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 [...]

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 [...]

Companies often issue CP through direct private placements to investors, although it may be issued by auction through brokers. A parent company that already has an acceptable international credit rating [...]

There is a deep market for commercial paper (CP), with more than 150 users, representing both government and non-government entities. However, the largest issuers of CP are conduits -- special-purpose [...]

Interest rates on commercial paper (CP) are generally around 8 basis points above the rate on T-bills of the same maturity. CP deals may be arranged on a company-to-company basis, [...]

Only highly rated companies or well-known Swedish names tap the commercial paper (CP) market. During the first nine months of 2009, foreign companies issued about Skr18bn worth of CP, compared [...]

Most of the commercial paper (CP) issued by domestic companies is placed overseas or held in the portfolio of the underwriting bank. Some institutional investors have historically bought short-term corporate [...]

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 [...]

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 [...]

Only a handful of companies in Nicaragua issue commercial paper. Because of the lack of a formal rating system or a widely developed debt market, investors should approach such investments [...]

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 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. [...]

There is minimal commercial paper traded on the Honduran stock market. Lengthy listing requirements encourage companies to place other notes privately. Listing requirements of the exchanges include presentation of legal [...]

Commercial paper (CP) is generally issued for maturities of less than six months in Guatemala. Tax consequences. Interest income from CP is subject to a withholding tax of 10%. Interest [...]