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Commercial Paper - why to invest.
Date Submitted: 03/08/2004 13:20:37
Category: / Business & Economy / Global Economy
Length: 4 pages (1054 words)
Category: / Business & Economy / Global Economy
Length: 4 pages (1054 words)
Commercial Paper, otherwise known as CP, is an obligation issued by a corporation or a bank to finance its short term credit needs. It can be either unsecured or asset-backed. Maturities can range from 2 to 270 days. It is available in many denominations, can be either discounted or interest bearing, and usually has a small or nonexistent secondary market. It is issued by companies with high credit ratings and therefore considered to be a relatively low …
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…A-3B, CD2,000S&P
Commercial
Paper Ratings
Guide
Duff & PhelpsDuff 1+,
Duff 1,
Duff 1-Duff 2,
Duff 3Duff 4Duff 5175Short-Term
Ratings and
Research Guide
FitchF-1+, F-1F-2, F-3F-5D125Fitch Ratings
Range of
Likely S&P Long-
Term Bond
RatingAAA, AA,
AA, BBBBB, B,
CCC,
CC, C
References:
Instruments of the Money Market, by Timothy Q. Cook and Robert K. Laroche, 1993
http://www.investopedia.com
http://www.investorwords.com
http://www.speculativebubble.com
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