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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Deutsche Bank (NYSE: DB) (DBK.DE) has been hired as arranger, while Citi (NYSE: C), Deutsche Bank (NYSE: DB) (DBK.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.
The euro-commercial paper programme ratings are subject to the same sensitivities that may affect Aegon N.V.
New York: Fitch Ratings has assigned an 'F2' short-term (ST) rating to the Aegon Funding Company LLC's (AFC) Euro-Commercial Paper (CP) Programme.
20 September 2011 -- Moody's gave Tuesday a provisional Prime-1 short-term debt rating to the EUR400m (USD546.7m) euro-commercial paper (ECP) programme of Czech state-owned lender Czech Export Bank.
Fitch has assigned an 'F2' short-term rating to the bank's EUR500 million euro-commercial paper programme, in line with the bank's Short-Term IDR.
2 August 2011 - S&P said Monday it had set its A-1+ short-term issue rating to the planned USD5bn (EUR3.5bn) euro-commercial paper (CP) programme of Singapore-headquartered DBS Bank Ltd.
Securities and Exchange Commission, assigned National Westminster Bank PLC's (NatWest, BBB+/Rating Watch Positive/F2) EUR20 billion euro-commercial paper programme an 'F2' short-term senior unsecured rating.
London: Fitch Ratings has assigned National Westminster Bank PLC's (NatWest, BBB+/Rating Watch Positive/F2) EUR20 billion euro-commercial paper programme an 'F2' short-term senior unsecured rating.
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.