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New York Times
Oct 30
Comment
The central bank said it would end the buying of corporate bonds and commercial paper in December, while extending its low-interest loan program until March.
Bankstocks.com
Oct 30
Comment
American International Group Inc.’s draw on a Federal Reserve credit line surged for a
FX Street
Oct 30
Comment
The following is a summary of the main economic events from the Asia-Pacific and European sessions: Bank of Japan opts to leave benchmark interest rates unchanged at 0.10%, as expected; says it will allow its commercial paper purchase and...
Reuters
Oct 30
Comment
The Bank of Japan began withdrawing from credit markets on Friday but extended by three months a key loan scheme in the face of government pressure to support corporate borrowing until the economy strengthens.
MarketWatch
Oct 30
Comment
The Bank of Japan's policy board unanimously left its overnight call rate target at 0.1% Friday, as was widely expected. It also extended its special lending program at that rate through the end of the Japanese fiscal year in March in order to...
Banking Business Review
Oct 30
Comment
To support the further development of the US short-term franchise
Wall Street Journal
Oct 28
Comment
A $315 million bond offering from PT Bukit Makmur Mandiri Utama, an Indonesian coal mining contractor, was three times oversubscribed on Wednesday as global investors looked to pick up high-yielding corporate paper.
Sober Look
Oct 28
Comment
FAS167 is a new FASB ruling attempting to tease out disclosure on what's called "variable interest entities". It forces consolidation of entities controlled by a corporation. The goal of the ruling was to force banks to disclose their CP...
Reuters
Oct 26
Comment
Standard Bank Plc, a unit of South Africa's Standard Bank Group, has signed a $1 billion Euro Commercial Paper programme as liquidity eases up in short-term markets.
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more ▼WIKI ANALYSIS
WIKI ANALYSISThe chart on the left is the 3 month financial commercial paper.
Commercial paper is a short-term debt security or promissory note (think IOU) issued by large corporations. It typically must be repaid in 270 days or less. Larger, more established corporations with high credit ratings are able to issue commercial paper at lower interest rates than those that they would pay if they took out a loan or line of credit from a bank. Commercial paper plays a vital role in the U.S. economy, because many companies rely on it to meet regular short term obligations, such as meeting payroll or buying inventory.
Commercial Paper on Wikinvest
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