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 ?
ECP control room would continue work from 6 pm till preliminary result of bye-election NA-205 Ghotki-II.
On PK-102 Bajaur-III, the ECP has declared Jamaat-e-Islami Pakistan's (JIP) candidate Siraj Uddin as winner with 19,088 votes.
PML-N and Maryam Nawaz Counsel while seeking copy of plea from the ECP said that they have no copy of petition yet and when they attain the copy of petition then they will file the reply.
Chief Election Commissioner retired Justice Sardar Mohammad Raza said the ECP wanted an abiding peace in the tribal districts and not just during election time.
Moreover, in less than six months, ECP will be conducting elections on the provincial seats of the erstwhile Federally Administered Tribal Areas (FATA).
The ECP had allowed overseas Pakistanis to vote in the by-polls on an experimental basis on the directives of the Supreme Court.
The second issue revolves around the length of qualification: once a commercial insurance buyer confirms to the producer that it is an ECP, how long does that status last?
Earlier today, the four politicians had tendered their separate apologies to the ECP. However, the bench had reserved its decision in the cases.
PML-N spokesperson talking to the media after her meeting with Secretary ECP has said, 'The meeting with Secretary ECP Babar Yaqoob has proved fruitful and I apprised the secretary about the problems where they were surfacing and also informed him about the difficulties faced in terms of Form 45 .
Meanwhile, the ECP spokesperson informed media that all high courts have provided a list of judicial officers who will serve as returning officers (RO), deputy ROs and assistant ROs in the upcoming general elections.
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 is a 35-year-old company that was known as McKechnie Plastic Components until its purchase last year by a South Carolina investment firm.