What is Commercial Paper?
A Commercial Paper is an unsecured money market instrument issued in the form of a promissory note
Commercial paper is an unsecured, short-term debt instrument issued by corporations.
Commercial Paper can be issued by the following entity.
2. Banking Companies,
3. Corporate Bodies
4. Non-Resident Indians (NRIs),
5. Foreign Institutional Investors (FIIs)
The Reserve Bank of India introduced the commercial paper scheme in the year 1989.
Commercial papers are issued in denominations of 5 lakhs or multiples thereof
Types of Commercial Paper
1. Promissory Notes
4. Certificate of Deposi
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