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Euro-Commercial Paper

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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.


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EPIM will provide a central messaging hub linking all parties involved in the issuance of euro-commercial paper, including dealers, issuing and paying agents, and international and national central securities depositories as appropriate.
The company expanded its access to international capital markets with a well-received Euro 500 million, Euro-Commercial Paper (ECP) program launched in early July.
NYSE:COCA) (NYSE:COCB) today announced it will launch a Euro 500 million, Euro-Commercial Paper (ECP) program in July 2000.
 
 
 
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