Results for tag: "Commercial Paper"

The Commercial Paper (CP) market is a capital market instrument used by corporations to raise short-term funds. CP is a type of unsecured, short-term debt instrument issued by corporations to raise funds for working capital, inventory, and other short-term needs. CP is typically issued with maturities ranging from one to 270 days. CP is usually issued at a discount from face value and is typically sold in denominations of $100,000 or more. CP is typically sold through a network of dealers and is backed by the issuing corporation's creditworthiness. CP is a popular source of short-term financing for corporations, as it is a relatively low-cost form of financing. It is also attractive to investors, as it offers a higher rate of return than other short-term investments. Some companies in the CP market include Apple, Microsoft, JPMorgan Chase, Goldman Sachs, Wells Fargo, and Citigroup. Show Less Read more