Friday 13 March 2015

Banking Awareness - Commercial Paper

Commercial Paper
                Commercial Paper is a unsecured money market instrument issued in the form of Promissory note issued by the Corporate's, Primary Dealer's (PDs) and all Financial Institutes (FIs). it can be issued for a period of minimum 7 days and maximum 1 year. It can be issued in denominations of 5 lakh and its multiples.

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