Euro-commercial paper


Also found in: Dictionary.

Euro-commercial paper

Short-term notes with maturities up to 360 days that are issued by companies in international money markets.

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 ?
DE), Goldman Sachs International (NYSE: GS) and UBS AG have been appointed as dealers for the Euro-commercial paper programme, Temasek said.
FGB has launched its new Euro-Commercial Paper programme following our strategy to diversify the sources of funding.
The euro-commercial paper notes and the certificate of deposits to be issued under the programme will rank at least equally with all other unsecured and unsubordinated obligations of the bank, S&P added.
Securities and Exchange Commission, assigned provisional (P)Prime-1 short-term local and foreign currency ratings to the USD3 billion Euro-commercial paper (ECP) programme of First Gulf Bank.
4bn) euro-commercial paper and certificate of deposit (CD) programme of Bank of China's (SHA:601988) London Branch.
LONDON--(BUSINESS WIRE)--Standard & Poor's CreditWire 5/12/98-- Standard & Poor's today assigned its 'A-1'-plus short-term rating to the US$500 million Euro-commercial paper program (increased from US$300 million) of Statliga Akademiska Hus AB (Akademiska Hus).
7m) euro-commercial paper (ECP) programme of Czech state-owned lender Czech Export Bank.
LONDON--(BUSINESS WIRE)--Standard & Poor's CreditWire 7/15/97-- Standard & Poor's today has assigned its 'A-1' rating to the US$400 million Euro-commercial paper program issued by Lincoln National (UK) PLC .
5bn) euro-commercial paper (CP) programme of Singapore-headquartered DBS Bank Ltd.
MELBOURNE, Australia--(BUSINESS WIRE)--November 21, 1996--Amcor Limited (NASDAQ:AMCRY) announced today that it has arranged a new US$200 million Euro-Commercial Paper and Medium-Term Note program in Hong Kong.
14 July 2011 -- Moody's said it rated Bank of China (BOC) Sydney Branch's euro-commercial paper (ECP) and euro-certificate of deposit (ECD) programme at Prime-1.