What is a Commercial Paper?

Commercial papers refer to unsecured short-term notes issued by financial companies or certain high-credit companies. The reliability of commercial papers depends on the creditworthiness of the issuing company, which can be transferred endorsed and discounted.

Commercial paper

Commercial paper

Commercial paper refers to

1. A bill is a voucher with certain powers: the right to request payment, the right to recourse

2. There are no reasons for the rights and obligations of the bill. As long as the holder has obtained the bill, he has already obtained all the powers given by the bill.

3. National

1. Different according to the drawer:

Commercial paper is a credit note that directly reflects the issuer's

The related parties of the bill are: DRAWER,

One

1. The holder has the right to request payment from the principal debtor of the bill.

2. The holder has the right to request payment from the participating acceptor.

Participating payers to bills

1. The holder and endorser have recourse against the former. Second, the guarantor has paid to the guarantor and his predecessor.

Commodity bills have the following main characteristics: Short maturity

Large amount of issue

Higher interest rates

STN Money Market Corporation

A person from the state-owned bank bills center also said that there is a very big difference in meaning between Chinese bills and US bills. He explained that "notes" were traditionally defined as a type of securities. But in fact, Chinese bills are limited to

At present, the development of China's bill market is still in its infancy, and the issuance and acceptance of bills are still in the form of physical bonds and manual transactions. The above-mentioned state-owned bankers believe that the introduction of electronic bills is an inevitable trend. At present, there are no technical obstacles. The main obstacle is the conflict with existing policies and legal regulations. Since the current Bills Law and Payment Settlement Algorithm and other regulations were made when the bill business started a decade ago, many regulations have lagged significantly.