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Used by larger companies and banks, BAs (also known as bank bills or bills of exchange) are the most liquid money-market instruments on the wholesale market. Bank bills, also called [...]

The New Zealand money market makes a distinction between bank-accepted paper and non-bank-accepted paper; the former is referred to as bank bills, the latter as commercial bills. Yields on commercial [...]

Most large companies use a range of tools for short-term funding, including overdrafts, multi-option facilities, spot credits, factoring, commercial paper and other, more sophisticated instruments. At end-April 2008 (most recent [...]

Banker's acceptances (BAs) have largely fallen out of favour -- in part because of strict government regulations concerning transactions -- and make up only a tiny share of the money [...]

Norwegian exporters use forfaiting to a limited extent, preferring to discount paper directly with the respective correspondent bank rather than sell loans without recourse. The larger Norwegian commercial banks, however, [...]

Schibsted, Norway's largest media and publishing company, is using a mixture of credit facilities to provide it with additional liquidity for potential acquisitions. The restructuring of the company's finances is [...]

Financial markets in El Salvador, Guatemala and Honduras remain small and underdeveloped relative to the size of their respective local economies, through they are only slowly starting to integrate on [...]

Time deposits come in a wide variety of currencies and maturities. There are no official restrictions on holding foreign currencies or financing transactions in them. Companies generally put money on [...]

Short-term bank credit remains a popular financing technique in Poland. According to figures from the Financial Supervision Commission, the financial market regulator, total lending to the corporate sector jumped 30%, [...]

Most loans with a maturity beyond five years are US-dollar-denominated and are secured with fixed assets. Private-sector banks generally raise most of their capital from time deposits and paper floated [...]

Short-term bank credit remains a popular financing technique in Poland. According to figures from the Financial Supervision Commission, the financial market regulator, total lending to the corporate sector jumped 24%, [...]

Time deposits come in a wide variety of currencies and maturities. There are no official restrictions on holding foreign currencies or financing transactions in them. Companies generally put money on [...]

Banker's acceptances (BAs) are rare in Sweden, and there is no formal market for such [...]

Commercial banks are the chief source of short-term funds in India. Companies generally secure bank credits by pledging receivables and inventory. Credit lines are usually set for one year and [...]

UK companies rely heavily on retained earnings and cashflow for capital. Companies issue bonds as a means of raising finance. Corporate bond issuance is far higher in the UK than [...]

Banks offer time deposits in 30- to 120-day terms. They also offer passbook savings accounts (cadernetas de poupanca), which paid a monthly interest rate of 0.69% at end-2008, up from [...]

Banker's acceptances (bills of exchange drawn on a bank) are a frequently used form of short-term investment among corporations in Germany, and a thriving, though informal, market exists for such [...]

Local banks offer cordoba- and US-dollar-denominated time deposits. Banco de Credito Centroamericano, one of the country's largest private banks, offers time deposits for firms starting at a minimum of C50,000 [...]

Bankers' acceptances (BAs) are rare in Sweden, and there is no formal market for such [...]

Most prime Swedish companies finance long-term expansion with their own funds, particularly in times of strong earnings, when most corporations are highly liquid. In some cases, they even issue new [...]

Traditionally, companies have used commercial paper (CP) to raise short-term capital; larger firms have turned to commercial loans and banker's acceptances (BAs). In June 2008 total short-term lending by domestic [...]

Commercial banks are the chief source of short-term funds in India. Companies generally secure bank credits by pledging receivables and inventory. Credit lines are usually set for one year and [...]

Banks offer time deposits in 30- to 120-day terms. They also offer passbook savings accounts (cadernetas de poupanca), which paid a monthly interest rate of 0.56% at end-2007, down slightly [...]

Commercial banks and brokers use repos (trading for their own accounts), as do foreign investors. The central bank's introduction of repos to guide monetary policy spurred the growth of this [...]

Local companies can issue stock on overseas exchanges subject to prior approval by the South African Reserve Bank. Mining companies are most prominent among the ADR or GDR issuers, but [...]

Banking sector stagnation In late 1996 activity in much of the banking sector was effectively frozen by the massive scale of the government's indebtedness (see The external sector: Capital flows [...]

Banks, insurance companies and other specialised institutions provide medium- and long-term financing. Venture capital continues to be an important source of long-term financing, despite the worldwide economic downturn, as foreign [...]

Short-term financing is popular in Norway, and companies can turn to a variety of institutions for such funds. However, the bulk of short-term financing is provided by commercial banks, primarily [...]

Banks are the main source of short-term capital in Australia, which they provide mainly through overdrafts and bank-bill lines. Almost any firm may issue bills (endorsed by its banker), but [...]

Interest rates on the interbank market reached a record low in the second half of 2009, when the central bank (Czech National Bank -- CNB) in August 2009 set the [...]

In early September, the Central Bank of Sudan intervened to rescue Nile Commercial Bank from the risk of collapsing because of mounting non-performing loans. The intervention is the second in [...]

As a fully dollarised economy without an independent monetary policy, interest rates and the money supply are in the hands of the commercial banking system. Domestic interest rates, which had [...]

An annual tax of 0.25% on all outstanding borrowing of more than 18 months in duration can be a deterrent to medium- and long-term borrowing. However, medium- to long-term borrowing [...]

Public-sector development banks have traditionally been the principal source of long-term capital; commercial banks have been more important as suppliers of short-term funds. Development banks provide medium- and long-term rupee [...]

The Financial Services Authority (FSA) provides oversight of financial institutions in the UK under the Financial Services and Markets Act 2000. The FSA authorises and supervises banks, building societies, investment [...]

Short-term credit for industrial firms in Japan has come mainly in the form of bank loans and discounts (that is, bill discounts, loans on bills, guaranteed loans, loans at short-term [...]