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 ?
Citibank was also awarded top tier positions in derivatives, project finance, global custody, syndicated loans and Eurocommercial paper.
Top Tier in Derivatives, Project Finance, Global Custody, Syndicated Loans and Eurocommercial Paper.
The Company's Eurocommercial papers and bond issues for the Venezuelan market are traded on the Bolsa Electronica de Valores de Venezuela.