- euro commercial paper
(ECP) A debt security that has a maturity of less than one year from the date of issue (as defined in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001). It is a promise by a borrower to repay (or pay) money to an investor.+ United Kingdomcommercial paper issued to international investors in a currency that differs from the issuer's domestic currency. For example, a British bank wanting to issue commercial paper denominated in US dollars to investors in the Far East, may do so under an ECP programme.The word “euro” in this context denotes the international (or non-domestic) features of this instrument rather than the single currency adopted by certain member states.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
euro-commercial paper — ECP Commercial paper issued in a eurocurrency, the market for which is centred in London. It provides a quick way of obtaining same day funds by the issue of unsecured notes, for example in Europe for use in New York … Accounting dictionary
euro-commercial paper — ECP Commercial paper issued in a eurocurrency, the market for which is centred in London. It provides a quick way of obtaining same day funds by the issue of unsecured notes, for example in Europe for use in New York … Big dictionary of business and management
Euro commercial paper — ( ECP) Euroclear Clearing and Settlement glossary Loan in the form of short term paper issued by companies. Usually redeemable at par value and pays no interest. Hence it is issued and traded at a discount. Euroclear Clearing and Settlement… … Financial and business terms
Euro commercial paper — (ECP) Loan in the form of short term paper issued by companies. Usually redeemable at par value and pays no interest. Hence it is issued and traded at a discount … Euroclear glossary
Euro-commercial paper — Short term notes with maturities up to 360 days that are issued by companies in international money markets. The New York Times Financial Glossary short term notes with maturities ( maturity) up to 360 days that are issued by companies in… … Financial and business terms
Euro-commercial paper — Fin short term uncollateralized loans obtained by companies in foreign countries … The ultimate business dictionary
Euro-commercial paper programme of the Republic of Lithuania — Lietuvos Respublikos komercinių europopierių programa statusas Aprobuotas sritis vertybinių popierių apyvarta apibrėžtis Prie kitų su Lietuvos Respublikos Vyriausybės skolinimusi valstybės vardu susijusių dokumentų priskiriamas finansų ministro… … Lithuanian dictionary (lietuvių žodynas)
Euro Commercial Paper (ECP) — kurzfristige Schuldtitel (Commercial Paper) erstklassiger Adressen, die am ⇡ Euromarkt mit Laufzeiten zwischen einer Woche und einem Jahr emittiert werden … Lexikon der Economics
Lithuanian Government euro-commercial paper — Lietuvos Respublikos Vyriausybės komercinis europopierius statusas Aprobuotas sritis vertybinių popierių apyvarta apibrėžtis Pagal Lietuvos Respublikos finansų ministro patvirtintą Lietuvos Respublikos Vyriausybės komercinių europopierių programą … Lithuanian dictionary (lietuvių žodynas)
commercial paper — Unsecured, short term promissory notes issued by corporations for specific amounts and with specific maturity dates. Firms with lower ratings or firms without well known names usually back their commercial paper with guarantees or bank letters of … Financial and business terms