What is commercial paper?
The commercial paper are discounted securities, for which the issuer agrees to pay the beneficiary a certain amount, at maturity specified.
Characteristics of commercial paper
types of notes:
- pay would be (or nonsingular) : The distribution of these notes is done by auction and by periodic tender. Can access them, as investors retailers, such as institutional investors.
- as Notes (or unique) : The form of the award of these notes in the primary market, is by direct negotiation.
The notes are a financing mechanism that many companies rely, in order to finance major investments, acquisitions, and other projects.
Who does it?
Any business entity.
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