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 ?
s (AKB, A3 long term deposit ratings with a stable outlook; baseline credit assessment ba1; Prime-2 short term ratings) $1 billion Euro Commercial Paper (ECP) and Certificate of Deposit (CD) Program through its funding subsidiary AKCB Falcon Limited (Issuer).
However, they declined two per cent since the end of June, which the bank said was due to euro commercial paper being classified separately from customer deposits.
and Euro commercial paper, bank CDs, bank notes and asset-backed medium-term notes.
Split into two tranches, the first tranche of $2 billion will be used for general corporate purposes, while the second tranche of $500 million will be earmarked to backstop refinancing of any issuances under Mubadala's recently-established Euro Commercial Paper programme.
875% Notes") and Euro Commercial Paper notes ("ECP Notes," and together with the 8.
UPS's CNH issuance was issued off of its existing [euro]1 Billion Euro Commercial Paper Program.
ADCB's short-term interbank liabilities, including issuance of Euro commercial paper, have also risen in recent periods and the Bank's net liquid asset ratio continues to be very low.
SISA") and its cash tender offer (the "ECP Notes Offer") for any and all Euro Commercial Paper notes (the "ECP Notes") issued by SANLUIS.
Deposits from customers were reclassified in 2012 to show Euro Commercial Paper separately).
875% Notes) and any and all Euro Commercial Paper notes (the "ECP Notes," and together with the SISA Notes and 8.
31, 2007, Kellogg and two of its subsidiaries, Kellogg Europe Company Limited (KECL) and Kellogg Holding Company Limited (KHCL), established a Euro commercial paper (Euro CP) program.
Deposits from customers were reclassified in June'12 to show Euro commercial paper separately