Commercial paper

(CP).

Unsecured promissory notes issued by strong credits including both financial institutions and non-bank corporates, generally with maturity of 270 days or less in the US and 364 days or less in domestic sterling and Euromarkets.

See also

• Asset backed commercial paper
• Basis point
• Eurocommercial paper
• LOC backed
• Promissory note
• Sterling commercial paper
• Swing line facility
• An introduction to debt securities