Eurocommercial Paper

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Eurocommercial Paper

A short-term, unsecured loan issued by a corporation in a currency other than the one in which the corporation operates. Corporations issue eurocommerical papers in order to tap into the international money markets for their financing. Like other commercial papers, eurocommercial papers are rarely for a term longer than a few months and they are usually issued at a discount. An example of a eurocommercial paper is a British firm issuing debt in U.S. dollars to encourage investment from dollar-investors in international money markets. See also: Eurodollar.
References in periodicals archive ?
Opportunities for ECP and its investors are abundant as Africa's consumer markets and intra-regional trade develop in tandem with its natural resources and export-led growth.
Now ECP has stopped the results of seven UCs which will effect the campaign of all three leading parties those were committed for majority in district and tehsil councils of Abbottabad.
The ECP was duty bound to examine the funds and their sources otherwise it would be violation of the rules and regulations, Paracha added.
Moreover, Abiomed has bought via ECP, AIS GmbH chen Innovative Solutions for about $2.
Clarifying a news report which said the ECP has rejected the legislation proposed by the Ministry of Overseas Pakistanis on grant of right to vote to the overseas Pakistanis, the ECP secretary said that the situation is different from what the report said.
ECP 226 is based on blends of iron oxide compounded into modified LLDPE to optimise physical and magnetic properties during film blowing.
Use of the Cube system allows ECP to minimize press size while maximizing product output," says Steve Olson, ECP's v.
The new ECP binder's heat transfer rate, however, was higher than conventional ECPs, and was about the same as that of alkyd-oil urethane binders.
The investment in Almes was made through the Moroccan Infrastructure Fund, a joint venture between ECP and Attijariwafa bank, one of North Africa's leading financial institutions.
The ECP spokesman said anti Pakistan activities of Shiv Sena in India are intolerable.
He said that ECP decided to print ballot papers for each polling station in round number and according to his memory the printing of ballot papers was completed in 21 days after issuance of the final list of candidates.
SAH is an established player in Tunisia and has an excellent track record of expanding into new markets and products," said Vincent Le Guennou, executive vice president of ECP.