Unsecured Notes

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August 31, 2024 4 min read Definitions

Commercial Paper: Unsecured Promissory Notes

Finance Banking Investments Commercial Paper Short-Term Debt Unsecured Notes Discount Instruments Corporate Finance

Commercial paper represents unsecured, short-term debt instruments issued by major banks and corporations to fund their short-term obligations. This financial tool typically carries a fixed maturity of less than 270 days and is sold at a discount from face value.

August 31, 2024 4 min read Definitions

Euro-Commercial Paper: Short-Term Financing Solution

Finance Banking Investments Euro-Commercial Paper Short-Term Financing Unsecured Notes Eurocurrency Market London Financial Market

Euro-Commercial Paper (ECP) is a type of commercial paper issued in the eurocurrency market, primarily centered in London, offering a quick method of obtaining same-day funds through unsecured notes.