Commercial paperis the short-term debt of very creditworthy large corporations and other commercial entities that need to fund day-to-day cash needs, often termedworking capital. View chapterExplore book Forms and Techniques for Financing MichelaArnaboldi, ...MarcoGiorgino, inPerformance Measurement and...
the commercial paper market in the U.S., which is a key component of the overall money market, and plays an important role in providing short-term financing to businesses, is currently worth over $1 trillion. This shows that, while there are some risks associated with...
Commercial Paper | 商业票据 术语解释: Commercial paper is an unsecured, short-term debt instrument issued by financial companies and large corporations. It’s typically used to finance short-term liabilities such as payroll, accounts payable, and inventories. 商业票据,是由金融机构与大公司发行的一种...
typically used by large corporations to finance their short-term operating needs such as accounts payable, payrolls and inventories. Generally speaking, CP is exempt from SEC registration according to theSecurities Act of 1933: Section 4(2), which allows CP to be a simpler means of financing. ...
Meaning of Euro Commercial Paper Euro Commercial Paper (ECP) is an unsecured, short-term debt instrument that is denominated in a currency differing from the domestic currency of the market where it is issued. The ECP works to be an attractive short-term financing tool for firms that wish to...
and Wang, Y., `Short-Term debt as bridge financing: Evidence from the commercial paper market', The Journal of Finance, Vol. 70(1), 2015, 211-255.Kahl, Matthias, Shavdasani, Anil, and Wang, Yihui, "Short-Term Debt as Bridge Financing: Evidence from the Commercial Paper Market", The...
Commercial paper was first introduced during colonial times and was referred to as a bill of exchange. They became more modern during the 1920s when New York merchants began to sell their short-term obligations to dealers to access capital needed to cover near-term obligations. These dealers, o...
Eurocommercial paper (ECP) refers to commercial paper issued by a company denominated in a currency that differs from the domestic currency of the market where the paper is issued. ECP is used by international corporations to raise short-term financing to fund day-to-day operations, with notes ...
long-term liabilities of commercial banks D. short-term liabilities of prime corporations 相关知识点: 试题来源: 解析 D 正确答案:D解析:答案为D项。commercial paper, CP“商业票据”,常用作为以低成本取得长期融资的滚动策略的一部分的短期公司债务工具。商业票据经常或者由公司发行人直接开出或者通过商业票据...
Short-Term Debt as Bridge Financing: Evidence from the Commercial Paper Market[J].Journal of finance 2015,1(1).Kahl, Matthias, Shavdasani, Anil, and Wang, Yihui, "Short-Term Debt as Bridge Financing: Evidence from the Commercial Paper Market", The Journal of Finance, Forthcoming....