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 ?
Minister of State for Information Marriyum Aurangzaib requested ECP to get help from FIA and intelligence agencies.
The hearing was adjourned until April4, as ECP summoned political party leaders and lawmakers to assist in the case.
Earlier the ECP had sought a written reply from the Pakistan Muslim League-Nawaz (PML-N) on February 27 in the foreign funding case and adjourned the hearing till March 06.
He requested the court that ECP to appoint the Auditor General of its choice to review the details of PTI's accounts.
The PTI first challenged the ECP jurisdiction over the foreign funding case in November 2015 after the commission in its verdict on Oct 8, 2015, expressed its complete authority to scrutinise the party's accounts.
He has nominated the ECP and Akbar Sher Babar, a founding member of the PTI, as respondents.
The ECP officials added that the ECP authorities would go door-to-door to confirm registration of votes, deaths of voters (if any), registration of new voters and adjustment of votes, adding that the ECP campaign would begin on January 15 which will end on February 8.
She requested the official of ECP to in touch with civil society members and all suggestion given by the civil society members should be followed , adding that voters specially women , minorities and special person should be aware of the importance of vote and the target turn out of vote should be achieved .
The ECP secretary said that on receipt of the draft bill, the chief election commissioner (CEC) has appointed a committee headed by the ECP secretary and comprising the members of the aforementioned ministries to examine all aspects of the bill before legislation on it.
ECP is already starting to think about future purchases of additional rotary-stack molding systems.
Establishing absolute effectiveness rates is impossible as there is no way to establish whether or not conception has actually occurred at the time of taking ECP.
The new ECP reduced surface shrinkage defects through faster heat dissipation in support of directional solidification.