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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 market for commercial paper (CP) -- locally known as efectos de comercio -- has begun to take off, particularly since 2007. Recent regulatory changes have had a positive effect [...]

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 [...]

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. [...]

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 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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 (CP) market in El Salvador remains miniscule. CP may be accepted along with inventory guarantees (garantias prendarias) by banks in exchange for short-term credit for solid customers. [...]

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 [...]

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

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 [...]

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 [...]

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 [...]

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 seven months of 2008, foreign companies issued about Skr25 worth of CP, compared [...]

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 [...]

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 [...]

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-2007 registered with [...]

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 [...]

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 [...]

Only very reputable companies in Singapore use commercial paper (CP), but it is still a risky instrument, because of the lack of credit bureaus in the country. CP issues have [...]

Companies may purchase commercial paper, though it is issued only by the most reputable companies in Singapore. Low volumes and limited liquidity make it difficult to use as a short-term [...]

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 [...]

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 businesses to place excess funds in CP, but the market is [...]

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 [...]

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 (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 [...]

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 [...]

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 [...]

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 [...]

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) has existed since 1980 in Mexico and is now the most popular instrument on the public-debt market. Relative to other forms of corporate debt, the CP market [...]

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 [...]

The market for short-term unsecured promissory notes was hindered for some time owing to the stamp tax on debt instruments (impuesto de timbres y estampillas) that was applicable to each [...]