| 单词 | commercial paper |
| 例句 | By 2007, two-thirds of commercial paper issued was sponsored by a European financial entity. Looking Back at the Economic Crash of 2008 2018-08-10T04:00:00Z "But I think anyone would take a single A Treasury over AAA commercial paper," he added. Analysis: Risk of US downgrade still on the cards despite debt deal 2023-06-02T04:00:00Z No commercial paper has been issued as of March 31, the filing said. PNC says it can offer up to $15 bln in short-term debt to provide additional liquidity 2023-05-02T04:00:00Z Multiple options exist for parking cash, such as investing in short-term government securities, money market instruments and corporate commercial paper. Column: With demands for a bank bailout, Silicon Valley shows its 'small government' mantra was just a pose 2023-03-12T05:00:00Z The three-month commercial paper yield had soared by more than 200 basis points in a few weeks from just above 3% in late September last year on concerns about possible debt defaults by property developers. South Korea says new FX steps will boost won's status, business for firms 2023-02-09T05:00:00Z Moreover, Adani Group companies have not been rolling over many of their short-term commercial papers and instead allowed them to mature. Adani Group's local bonds resist panic sales on Hindenburg's report 2023-02-01T05:00:00Z Many developers, like China Evergrande, paid suppliers in commercial paper instead of cash, so when it defaulted, its supply chain collapsed. Analysis: Xi faces painful gear shift as China's investment-led growth sputters 2022-10-14T04:00:00Z Tether eliminated $30 billion of commercial paper without any losses, according to a company blog post. Tether says it has completely eliminated commercial paper from reserves 2022-10-13T04:00:00Z Tether, the world's largest stablecoin by market value, says it has has completely eliminated commercial paper from its reserves and has replaced those investments with U.S. IMF's Georgieva says 28 countries have expressed interest in new IMF support 2022-10-13T04:00:00Z The tech giant also doubled the size of its commercial paper program to $6 billion and said that it could expand the size of the term loan to $6 billion. Analysis: Some U.S. firms wait to issue bonds in a bet rates will come down 2022-09-23T04:00:00Z But the company’s financial statements show that a significant portion of its reserves are tied up in unsecured corporate debt known as commercial paper. The Coin That Could Wreck Crypto 2022-06-17T04:00:00Z Consider “stablecoins,” which are purportedly tied to hard assets such as the U.S. dollar or short-term commercial paper. Column: Crypto is melting down. Here's who's hurt 2022-06-16T04:00:00Z Tether, the world's largest stablecoin by market value, says it has has completely eliminated commercial paper from its reserves and has replaced those investments with U.S. Tether says it has completely eliminated commercial paper from reserves 2022-10-13T04:00:00Z The yields paid by money market funds at the moment are below those of Treasury bills and corporate bonds or commercial paper, but with rates fluctuating, the funds have a great advantage. How Inflation May Change Where You Put Your Cash 2022-06-10T04:00:00Z The regulatory loophole distorted interest rates in the commercial paper market, and risks encouraging arbitrage activities and undercutting China's monetary policy. China bill yields slump as lenders 'window dress' loan books 2022-05-23T04:00:00Z Last month, Tether revealed that about a quarter of its reserves, or $20 billion, consisted of commercial paper, down $4 billion from February. The Coin That Could Wreck Crypto 2022-06-17T04:00:00Z There are two main types of stablecoin: those which are backed by reserves comprising assets, such as fiat currency, bonds, commercial paper, or even other crypto tokens, and those which are algorithmic, or "decentralised". Explainer: What are stablecoins, the asset rocking the cryptocurrency market? 2022-05-12T04:00:00Z Risk aversion is also prodding banks themselves to plough money into commercial paper, rather than corporate loans, complicating Beijing's efforts to guide more credit into the pandemic-hit economy. In virus-hit China, investors rush headlong into bonds and deposits 2022-05-10T04:00:00Z The fund manager can swap in higher-interest Treasury bills or commercial paper as they become available. How Inflation May Change Where You Put Your Cash 2022-06-10T04:00:00Z The surge in demand for short-term instruments reflects a quirk of Chinese regulations, by which banks' commercial paper holdings are counted as short-term lending, said Raymond Yeung, Greater China chief economist at ANZ. China bill yields slump as lenders 'window dress' loan books 2022-05-23T04:00:00Z At the same time, it increased its exposure to money market funds, which may invest in commercial paper, to about $7 billion from $3 billion. The Coin That Could Wreck Crypto 2022-06-17T04:00:00Z Units of Shimao Group Holdings, Kaisa Group Holdings and Greenland Group were named and shamed this month in a list of Chinese companies “consistently overdue” on commercial paper payments. China home builders, suppliers issue spate of profit warnings as Evergrande woes bite 2022-01-28T05:00:00Z The Bank of Japan has taken tentative steps to unwind stimulus, pledging to slow purchases of corporate bonds and commercial paper to pre-pandemic levels from April. Fed signals intent to join the great central bank stimulus exit 2022-01-27T05:00:00Z The spike in defaults on commercial paper - a popular short-term debt instrument that Chinese developers use to delay payment to suppliers - shows sustained liquidity stress in the real estate sector despite some policy easing. Delinquent Shimao, Kaisa units named and shamed as defaults rise 2022-01-12T05:00:00Z While commercial paper financing contributed to most of the fresh corporate loans extended in April, overall new lending in China plunged about 80% from March, and hit the lowest in nearly 4-1/2 years. China bill yields slump as lenders 'window dress' loan books 2022-05-23T04:00:00Z In June, Evergrande said it did not pay some commercial paper on time, and in July a court froze a $20 million bank deposit held by the firm at the bank's request. Explainer: What's next for China Evergrande after missing coupon payments 2021-12-07T05:00:00Z Theoretically, a stablecoin’s value is ensured by a bundle of assets including cash, treasuries and commercial paper. Opinion | Stablecoins may not be stable. That’s a problem. 2021-11-08T05:00:00Z But some hold their cash reserves in riskier assets, the report said, including short-term business loans known as commercial paper, corporate and municipal bonds, and even other cryptocurrencies. Treasury report calls for stricter oversight of stablecoins 2021-11-01T04:00:00Z A total of 484 companies were overdue on at least three commercial paper payments during the Aug. 1 to Dec. 31 period, according to the list, published on the exchange’s website. Delinquent Shimao, Kaisa units named and shamed as defaults rise 2022-01-12T05:00:00Z He said he has been working since 2017 with Evergrande, which accounted for 90% of his business when he started to face problems in June, when payments on commercial paper issued by the company stopped. Unpaid by Evergrande, supplier sells Porsche and home to rescue his business 2021-09-28T04:00:00Z That “commercial paper” is entwined with other key parts of the financial system. Regulators Racing Toward First Major Rules on Cryptocurrency 2021-09-23T04:00:00Z Most were contractors who’d accepted commercial papers — a sort of IOU — as payment for projects, but now found Evergrande unable to pay when those IOUs came due. As China's property giant Evergrande veers toward collapse, its unpaid debts spark protests 2021-09-18T04:00:00Z Treasurys, certificates of deposit, commercial paper, corporate bonds and municipal debt. Why Washington Worries About Stablecoins 2021-09-17T04:00:00Z China’s commercial paper market came under renewed scrutiny in 2021 with regulators demanding greater disclosure as part of efforts to rein in ballooning debt in the property sector. Delinquent Shimao, Kaisa units named and shamed as defaults rise 2022-01-12T05:00:00Z Approximately half of Tether's $62.8 billion assets as of the end of June 2021, were backed by commercial paper and certificates of deposit, according to the company. Stablecoin Tether says holds no Evergrande commercial paper 2021-09-16T04:00:00Z The plight of Wu and many others like him has thrown a spotlight on the extensive use of commercial paper in China’s property sector. As China Evergrande's debt crisis deepens, unpaid small business owners speak of despair 2021-09-16T04:00:00Z When Evergrande was late paying the July commercial papers, she assumed that if the project she’d worked on was in trouble, the company would be able to transfer money from another Evergrande project. As China's property giant Evergrande veers toward collapse, its unpaid debts spark protests 2021-09-18T04:00:00Z To promise holders that every $1 they put in will remain worth $1, stablecoins hold a bundle of assets in reserve, usually short-term securities such as cash, government debt or commercial paper. Why Washington Worries About Stablecoins 2021-09-17T04:00:00Z Other than the usual bank and bond channels, the developer has been criticised for tapping the shadow banking market, including trusts, wealth management products and commercial paper. Explainer: How China Evergrande's debt troubles pose a systemic risk 2021-09-16T04:00:00Z "Tether does not hold any commercial paper or other debt or securities issued by Evergrande and has never done so," the company said. Stablecoin Tether says holds no Evergrande commercial paper 2021-09-16T04:00:00Z Despite its massive debt load, Evergrande’s name had been held in high regard in ordinary business circles until late last year and its commercial paper was even traded in industries not related to construction. As China Evergrande's debt crisis deepens, unpaid small business owners speak of despair 2021-09-16T04:00:00Z The Arizona investments were in bonds and commercial paper held in the state’s short-term fixed-income investment fund. Arizona sells Unilever bonds over Ben & Jerry’s Israel move 2021-09-10T04:00:00Z The largest stablecoin, Tether, says it is roughly half invested in a type of short-term corporate debt called commercial paper, based on its recent disclosures. Why Washington Worries About Stablecoins 2021-09-17T04:00:00Z Concerns intensified in June when the developer failed to pay some commercial paper on time. Analysis-Evergrande to speed up asset sales as hopes swirl about gov't lifeline 2021-08-26T04:00:00Z "The vast majority of the commercial paper held by Tether is in A-2 and above rated issuers." Stablecoin Tether says holds no Evergrande commercial paper 2021-09-16T04:00:00Z Concern over the developer's financial health intensified in June when it failed to pay some commercial paper on time. China's Evergrande Group vows to maintain operations, market stability 2021-08-20T04:00:00Z Concern over the developer’s financial health intensified in June when it failed to pay some commercial paper on time. Chinese regulators summon Evergrande execs, warn on debt risks 2021-08-19T04:00:00Z The commercial paper market melted down in March 2020, forcing the Fed to step in to fix things. Why Washington Worries About Stablecoins 2021-09-17T04:00:00Z Concerns about Evergrande intensified after it failed in June here to pay some commercial paper on time. Exclusive-China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources 2021-08-19T04:00:00Z As of March 31st, about 76 percent of Tether was backed by cash and cash equivalents, including unspecified commercial paper, which is a kind of short-term debt issued by companies. The Tether controversy, explained 2021-08-16T04:00:00Z Many local financial institutions are also holders of these commercial papers, and some of them package the instrument into trust and wealth management products to sell to retail investors, industry officials said. China to order developers to disclose commercial paper debt every month - sources 2021-07-16T04:00:00Z The dedicated funding vehicle established to purchase commercial paper made its final distributions of assets on June 29 and July 7 to the Treasury Department and the New York Fed. NY Fed terminates commercial paper funding facility 2021-07-08T04:00:00Z But some market participants, particularly in the United States, plan to use "credit sensitive" rates based on transactions in commercial paper and certificate of deposit markets. Ask us first before swapping Libor with 'risk-laden' rate, says UK watchdog 2021-07-05T04:00:00Z Eric Pan, CEO of global funds industry body ICI, said it was encouraging that the FSB also recognises the need to improve how wider short-term markets function, including commercial paper and certificates of deposit. Global watchdogs float remedies to cure money market fund stress 2021-06-30T04:00:00Z The “cash and cash equivalents” are composed of 4 percent cash; most of the rest of it is commercial paper, which represents about half of Tether’s collateral, or about $30 billion. The Tether controversy, explained 2021-08-16T04:00:00Z “It’s a legal loophole,” said Xinpeng Zhu, a lawyer at Shanghai Rongying Law Firm who is representing commercial paper holders including fund and wealth management companies, banks, brokerages and retail investors in late payment cases. China to order developers to disclose commercial paper debt every month - sources 2021-07-16T04:00:00Z Tether, the world’s largest stablecoin, disclosed a reserves breakdown that showed a large portion in unspecified commercial paper. Bitcoin tumbles after Musk implies Tesla may sell cryptocurrency 2021-05-16T04:00:00Z The Fed would go on to backstop $1 trillion of commercial paper as well as some junk bonds. Steven Mnuchin Tried to Save the Economy. Not Even His Family Is Happy. 2020-08-30T04:00:00Z Indeed, the businesses that are the most visible parts of local economies — restaurants, dry cleaners, machine shops — typically do not raise money by selling bonds or short-term notes known as commercial paper to investors. Stock market rebounds while unemployment spikes, showing reach and limits of Fed’s muscle 2020-04-28T04:00:00Z According to it, about half of the $62.8 billion in assets are held in commercial paper and certificates of deposit. The Tether controversy, explained 2021-08-16T04:00:00Z It said it did not issue any commercial paper to associates for financing purposes and that it was unaware of its papers being packaged into wealth management products. China to order developers to disclose commercial paper debt every month - sources 2021-07-16T04:00:00Z The Bank of Japan decided at a meeting Monday to ease monetary policy, including expanding the purchase of commercial papers and corporate bonds, which work to deliver cash to companies. Japan central bank eases monetary policy to boost economy 2020-04-26T04:00:00Z Trading of commercial paper — a vital day-to-day financing source for major companies — was drying up. Steven Mnuchin Tried to Save the Economy. Not Even His Family Is Happy. 2020-08-30T04:00:00Z The decisions by the Bank of Japan to ease monetary policy include expanding the purchase of commercial papers and corporate bonds and removing the ceiling amount for buying government bonds. Asia Today: China warns Australia probe may set off backlash 2020-04-27T04:00:00Z So we got an attestation to its assets: 61 percent in cash and cash equivalents and 9 percent commercial paper. The Tether controversy, explained 2021-08-16T04:00:00Z The commercial paper for other developers was on averaged selling at 20% below the issue value. China to order developers to disclose commercial paper debt every month - sources 2021-07-16T04:00:00Z In contrast to previous Fed liquidity programs, which targeted commercial paper or asset-backed securities, the Main Street program will pump money not into the financial system but into the “real economy.” Opinion | The Fed needs to set clear rules for its new lending program. And then get the money flowing. 2020-04-23T04:00:00Z Many companies rushed to draw down on credit lines last month because the commercial paper market was shut to them. U.S. companies paying down maxed out credit lines with bond issues: BoA note 2020-04-22T04:00:00Z That’s what happened with short-term commercial paper and investment grade corporate bonds when the Fed announced it would join with the Treasury to buy those securities. Perspective | Wall Street’s next big ask: A bailout for ‘junk’ credit 2020-04-10T04:00:00Z “At this time, we do not disclose the make-up of our commercial paper holdings,” Tether’s spokesperson said. The Tether controversy, explained 2021-08-16T04:00:00Z The Fed’s commercial paper program, which will support the market for short-term business loans, was announced March 17 and is expected to be up and running April 14. Fed Emergency Rate Cuts Came as Economy Turned ‘Profoundly Uncertain’ 2020-04-08T04:00:00Z The BOJ eased monetary policy in March by pledging to boost purchases of assets ranging from government bonds, commercial paper, corporate bonds and trust funds investing in stocks. Japan's economy faces extreme uncertainty as coronavirus spreads - central bank head 2020-04-09T04:00:00Z One supports a type of short-term funding known as commercial paper, and another that buys company debt secondhand. The Fed Got a Big Pile of Cash to Help the Economy. Who Will Benefit? 2020-04-03T04:00:00Z In its support for the commercial paper market, for example, the Fed allows for companies that are downgraded after March 17 to return at least once more to the trough for funding. U.S. stimulus package is biggest ever, but may not be big enough 2020-03-30T04:00:00Z I also asked if the commercial paper was Chinese. The Tether controversy, explained 2021-08-16T04:00:00Z VW is one of Europe’s most regular corporate issuers of commercial paper. Volkswagen urges ECB to buy short-term debt to stabilize markets: FT 2020-03-27T04:00:00Z The Fed last week slashed borrowing costs to zero and took other emergency steps to keep the commercial paper, U.S. Surveys show coronavirus pandemic savaging global economy 2020-03-24T04:00:00Z Last week, the Fed also said it would buy short-term corporate IOUs, known as commercial paper, that large companies also use to meet payrolls. Q&A: What did the Fed do Monday and who will it help? 2020-03-24T04:00:00Z In a research note Friday, he wrote that without significant changes, the program “would not do much to unclog” the commercial paper market. Central banks deploy record sums to break financial logjam, but may need more 2020-03-23T04:00:00Z Let’s say there’s a run on Tether tokens, and Tether has to suddenly sell its commercial paper. The Tether controversy, explained 2021-08-16T04:00:00Z Some money market funds invest primarily in government securities, while others, so-called prime funds, hold mostly a type of short-term debt issued by companies called commercial paper. Why We Are Once Again Rescuing a ‘Safe’ Investment 2020-03-19T04:00:00Z The first is intended to unclog a short-term lending market for what is known as “commercial paper.” Ray Dalio says US corporations may lose $4T in crisis, Trump stimulus needs to be doubled 2020-03-20T04:00:00Z Prime money market funds may also invest in corporate commercial paper, potentially boosting their yields but increasing credit risks. America's money market industry: is it at risk? 2020-03-19T04:00:00Z It also announced plans Tuesday to shore up the commercial paper market that provides short-term liquidity to companies to help fund their short-term operations. Businesses are sheltering in place. How long can the economy survive that? 2020-03-19T04:00:00Z We don’t know whose commercial paper Tether is holding, and that’s a little weird. The Tether controversy, explained 2021-08-16T04:00:00Z The Fed’s new emergency loans, and separate support to the commercial paper market introduced on Tuesday, should stop that happening, experts say. Why We Are Once Again Rescuing a ‘Safe’ Investment 2020-03-19T04:00:00Z The funds will then mostly be used to purchase commercial paper. Ray Dalio says US corporations may lose $4T in crisis, Trump stimulus needs to be doubled 2020-03-20T04:00:00Z The bond purchases will continue until the “crisis phase” of the epidemic is over and non-financial commercial paper will also be included for the first time among eligible assets, the ECB said. ECB to print 1 trillion euro this year to stem coronavirus rout 2020-03-19T04:00:00Z The Governing Council indicated Wednesday that it was ready to break its own rules as it vacuumed up government and corporate bonds, as well as short-term debt issued by corporations, known as commercial paper. Europe’s Central Bank Vastly Expands Stimulus Measures 2020-03-18T04:00:00Z The Fed said it will lend money to banks that purchase financial assets from money market funds, including short-term IOUs known as commercial paper. Federal Reserve launches 3rd emergency lending program 2020-03-19T04:00:00Z If the withdrawals from prime funds continue and stress remains in the commercial paper market, it’s possible that a money market fund might “break the buck.” Why We Are Once Again Rescuing a ‘Safe’ Investment 2020-03-19T04:00:00Z The Federal Reserve said Tuesday that it would backstop the market in short-term corporate borrowing, known as commercial paper, as part of its efforts to hold down borrowing costs. Editorial Roundup: New York 2020-03-18T04:00:00Z Similarly, the market for commercial paper — basically, very short-term corporate IOUs — is beginning to seize up. The Fed will have to do a lot more than cut rates to zero to stop Wall Street’s coronavirus panic 2020-03-18T04:00:00Z The Fed program will use a special vehicle to buy unsecured and asset-backed commercial paper from eligible companies, according to a statement by the central bank. Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z Starting Tuesday, the central bank will buy significant amounts of commercial paper, the short-term loans on which businesses rely for funding to pay bills and other expenses. U.S. markets surge as massive economic stimulus plan takes shape to offset coronavirus 2020-03-17T04:00:00Z To do that, they try to sell assets to banks, stop investing so much in commercial paper and make fewer short-term “repo” loans to Wall Street banks. Why We Are Once Again Rescuing a ‘Safe’ Investment 2020-03-19T04:00:00Z “An improved commercial paper market will enhance the ability of businesses to maintain employment and investment as the nation deals with the coronavirus outbreak,” the Fed said in a statement issued Tuesday morning. Fed moves to backstop funding for companies as coronavirus fallout spreads 2020-03-17T04:00:00Z Back in 2008, stress in this market caused a run on money market funds and only calmed when the Fed began buying commercial paper directly for the first time in its history. The Fed will have to do a lot more than cut rates to zero to stop Wall Street’s coronavirus panic 2020-03-18T04:00:00Z In recent days, buyers of commercial paper disappeared, and the ones who stayed demanded much higher rates. Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z The Fed is reviving a program that it first used during the 2008 financial crisis to unclog a short-term lending market for what is known as “commercial paper.” Fed will buy short-term loans to try to ease flow of credit 2020-03-17T04:00:00Z It set up loans that banks can use to finance the purchase of commercial paper and other assets from the prime money market funds. Why We Are Once Again Rescuing a ‘Safe’ Investment 2020-03-19T04:00:00Z Clogged markets for commercial paper — a form of short-term corporate borrowing — threaten to spill over into the banking system and cause a run on money-market funds, according to analysts at Bank of America. Dow plunges nearly 3,000 points as Fed intervention does little to subdue Wall Street’s distress 2020-03-16T04:00:00Z Mark Cabana, a rates strategist with Bank of America Securities, said that revenues are plummeting for many corporations and they are seeking to sell commercial paper to raise cash. Fed slashes rate to near zero, eases lending rules 2020-03-15T04:00:00Z It will also buy lower-rated notes in a set of one-time purchases, offering relief for the most embattled commercial paper issues. Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z The commercial paper market is a key source of short-term funding for a range of businesses. Explainer: Fed may go into its crisis tool kit soon. What's in it? 2020-03-12T04:00:00Z Using a small commercial paper shredder, we continued to destroy what we could.” Frozen in time, US Embassy a monument to Iran hostage crisis 2019-10-31T04:00:00Z In the market for commercial paper — unsecured loans to banks and other large corporations — rates for overnight borrowing also surged. Wall Street Is Buzzing About Repo Rates. Here’s Why. 2019-09-18T04:00:00Z Many Wall Street analysts expect the Fed will seek to revive some of the tools it used during the 2007-2008 financial crisis, including a commercial paper facility. Fed slashes rate to near zero, eases lending rules 2020-03-15T04:00:00Z But investors were clamoring for more, especially as the commercial paper market seized up. Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z The company submitted subcontracting plans with McDuffie’s cousin listed as chief executive of Potomac Supply Company, a commercial paper supplier. DC lawmaker defends vote on gambling contract 2019-07-23T04:00:00Z As part of that documentation, Intralot filed a document with the city that listed Keith McDuffie as the chief executive for Potomac Supply Company, which is to supply commercial paper products as a subcontractor. D.C. lawmaker defends vote on no-bid gambling contract that lists his cousin 2019-07-19T04:00:00Z Assets such as commercial paper and other highly rated bonds are engineered to be as close to risk-free as is possible. The Day the Economy (Almost) Died 2018-09-20T04:00:00Z Proponents say that institutional investors need safe parking spaces where they can easily access their money, and narrow banks would be safer than existing options, like short-term “commercial paper” lending to corporations. Federal Reserve Is Sued, Accused of Limiting Competition 2018-09-06T04:00:00Z Economists said the fact that the new commercial paper program was backed by the Treasury funding source, unlike the 2008 version, opens up other possibilities, however. Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z Then there is the cost of short-term borrowing in commercial paper markets, which is where people get worried because banks use these for some of their funding. Banking System Alarm Bell That Doesn’t Signal Danger 2018-03-28T04:00:00Z But it serves as the basis for a range of other interest rates, including rates on a type of short-term corporate debt called commercial paper. Why the Tax Law Might Make Your Car Payments Go Up 2018-03-16T04:00:00Z The authors argue that when the government fails to satisfy this demand, the private sector steps in, by issuing very short-term debt like asset-backed commercial paper. The case against shrinking the Fed’s balance sheet 2017-09-20T04:00:00Z The essay topic removed was about commercial paper. Nevada lowers bar exam’s passing score, cuts essay topic 2017-08-05T04:00:00Z Treasury Secretary Steven Mnuchin, speaking on Tuesday at a White House news conference on the virus, said the central bank would be able to buy about $1 trillion worth of commercial paper “as needed.” Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z Some point to the shrinking investor base for so-called prime money-market funds, which are key buyers of commercial paper. Banking System Alarm Bell That Doesn’t Signal Danger 2018-03-28T04:00:00Z The growth of tablets and smartphones assailed a major industry, commercial paper manufacturing. Free Cash in Finland. Must Be Jobless. 2016-12-17T05:00:00Z It is simply less expensive for companies registered with the SEC—which means most large companies—to finance themselves through issuing bonds, notes and commercial paper to private investors instead of borrowing from banks. The Regulatory Tide Recedes 2016-10-10T04:00:00Z Primary dealers, or the top 23 Wall Street firms that do business with the Fed, sell commercial paper and other short-term debt to prime money funds to raise cash to fund their trades and operations. U.S. dealers see some borrowing costs rise after fund reform: Fed survey 2016-10-06T04:00:00Z Taking a page from its 2008 financial crisis playbook, the Fed said it would backstop the $1.13 trillion market for commercial paper, a key funding source used by companies to cover payroll and day-to-day operations. Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z Prime money funds haven’t made their biggest cuts in holdings of commercial paper. Banking System Alarm Bell That Doesn’t Signal Danger 2018-03-28T04:00:00Z But who owns a large swath of this commercial paper in prime funds? Japanese Banks and the Coming Dollar Funding Crush 2016-08-18T04:00:00Z They invest in low-risk, short-term commercial paper issued by banks and other companies and until the 2008 crisis, breaking the buck was almost unheard of. Why Some Banks Are Thankful for Money-Market Strains 2016-08-17T04:00:00Z The result is less liquidity for the commercial paper and municipal debt markets. The Money Fund Mistake 2016-08-15T04:00:00Z Money market funds — a major buyer of commercial paper — have stopped buying to keep cash on hand in case their investors want to withdraw their money. Fed Unveils Emergency Lending Programs as Companies Struggle to Raise Cash 2020-03-17T04:00:00Z As a group, banks from the two countries, are among the largest issuers of commercial paper. New Money-Fund Rules Test Need for Liquidity Versus Yield 2016-08-08T04:00:00Z That means there are fewer takers for commercial paper. Japanese Banks and the Coming Dollar Funding Crush 2016-08-18T04:00:00Z Now, as hundreds of billions of dollars leave prime funds, that is draining money from commercial paper markets, increasing yields on that paper and lifting Libor. Why Some Banks Are Thankful for Money-Market Strains 2016-08-17T04:00:00Z Textile-maker Huafang Co., for instance, raised multiple rounds of short-term debt late last year, but canceled issuance of its commercial paper in late March. China’s Bond Market Shows Silver Lining of Stress 2016-04-13T04:00:00Z GE says its commercial paper is less than one-tenth of 1% of the market. GE Files to End Fed Oversight After Shrinking GE Capital 2016-03-31T04:00:00Z Many foreign banks are paying more to borrow on the commercial paper markets as the prime funds pull back, which is pushing Libor higher. New Money-Fund Rules Test Need for Liquidity Versus Yield 2016-08-08T04:00:00Z The fund had been a large buyer of commercial paper issued by foreign banks. Where U.S. Companies Can Get the Best Deposit Rates: Overseas 2015-11-05T05:00:00Z Treasury bills and on related debt such as corporate IOUs known as commercial paper. Fed Faces a Rates Puzzle of Its Own Making 2015-10-27T04:00:00Z GE Capital made loans funded by debt, including money borrowed via the short-term IOUs known as commercial paper. Why General Electric Is Unwinding Its Finance Arm 2015-10-14T04:00:00Z Its complex lending programs supported banks, securities dealers, money market funds, foreign lenders and the commercial paper market. The Bernanke file 2015-10-11T04:00:00Z Borrowing rates for foreign companies, including banks, have jumped in the commercial paper market. New Money-Fund Rules Test Need for Liquidity Versus Yield 2016-08-08T04:00:00Z Funds such as Fidelity Investments’ $115 billion Cash Reserves Fund long purchased commercial paper, prizing the slightly higher yield it paid compared with U.S. Where U.S. Companies Can Get the Best Deposit Rates: Overseas 2015-11-05T05:00:00Z Our data show that the availability of market finance—repurchase agreements, commercial paper and money-market funds—is nearly 30% below a reasonable level to support liquid markets and economic growth. Fixing the Fed’s Liquidity Mess 2015-07-20T04:00:00Z Unlike in India, where banks don’t issue commercial paper, U.S. financial institutions are big users of the market. Indian Companies Bypass Banks 2015-07-02T04:00:00Z Chicago will use the authorization to convert short-term commercial paper into long-term fixed-rate bonds and complete the refinancing of interest rate swap agreements. Chicago City Council approves mayor's $1.1 billion bond plan 2015-06-17T04:00:00Z Only a Federal Reserve rescue of the commercial paper market saved it from a cash crunch and possible bankruptcy, and now Immelt paring GE down to its original focus on manufacturing. Elections Have Consequences, And Malloy May Have Lost GE 2015-06-10T04:00:00Z A change in Securities and Exchange Commission rules governing money-market funds has rolled back the market for short-term debt, known as commercial paper, that the banks have long sold to raise funds. Where U.S. Companies Can Get the Best Deposit Rates: Overseas 2015-11-05T05:00:00Z One of his standout courses was on commercial paper, or the law surrounding payment obligations such as promissory notes and checks. Professor marks 100th birthday at Brooklyn Law School 2015-05-18T04:00:00Z Raghuram Rajan, governor of the Reserve Bank, hopes competition from commercial paper will drive banks to cut rates faster and improve the transmission of monetary policy. Indian Companies Bypass Banks 2015-07-02T04:00:00Z In the August letter, repo and commercial paper markets were mentioned. The Warren-Vitter "Bailout Prevention Bill" Won't Prevent Bailouts 2015-05-17T04:00:00Z Instead it raises money through issuing bonds and commercial paper. How The Federal Reserve and Uncle Sam Ruined GE Capital 2015-04-16T04:00:00Z The company would rather keep its businesses together after spinning Chemours, maintaining manageable debt burdens that would allow for continued access to commercial paper markets. DuPont Spinoff Fans Flames In Trian Management's Scorched Earth Fight 2015-03-30T04:00:00Z They’ll instead be tapping markets directly: anything from commercial paper through bonds to issuing equity. ECB's Targeted Loans Hand Out $100 Billion; Good News For The Eurozone Economy 2015-03-19T04:00:00Z In India, the trend is more visible in short-term debt, including commercial paper, which is issued with maturities ranging between one week and 12 months. Indian Companies Bypass Banks 2015-07-02T04:00:00Z Last year, the firm launched a China commercial paper ETF and filed for the fund's hedged version. Currency-hedged ETFs in vogue as investors clamor for more 2015-02-08T05:00:00Z A short while ago, GE could get short-term commercial paper for a few percentage points. A 15 Year Tour of Economic Analysis 2014-10-06T04:00:00Z Kimberly-Clark was one of the largest producers of commercial paper in North America in the 1970’s and saw that strategically they needed to transform their business into a consumer products producer. When Does Pivoting Become Spinning Your Wheels? 2014-08-06T04:00:00Z Global financial markets were roiled last month after another holding company in the group missed payments on commercial paper. Stocks advance on Portugal bank bailout 2014-08-04T04:00:00Z Deepak Nitrite’s Mr. Nanda said his company was likely to keep looking to the markets as long as the rates on commercial paper remain so far below what is on offer from banks. Indian Companies Bypass Banks 2015-07-02T04:00:00Z CIT was forced to file for bankruptcy protection in 2009 when the short-term business loans known as commercial paper, its major funding source, dried up. CIT Group to buy Pasadena lender OneWest Bank 2014-07-22T04:00:00Z If they can guarantee money markets, will there be a scheme to insure commercial paper at some price? A 15 Year Tour of Economic Analysis 2014-10-06T04:00:00Z Its shares fell about 17% Thursday after reports that its parent company missed some payments on commercial paper. Stocks tumble on fears fueled by Portuguese bank's troubles 2014-07-10T04:00:00Z The 2008 financial crisis was triggered by a run on short term bank debt, illiquidity in the commercial paper market and a sudden lack of confidence in the money market mutual fund industry. The Unregulated Shadow Banking System Triggered the 2008 Financial Crisis 2014-06-30T04:00:00Z For centuries, the exchange of value was tied to physical artifacts—bills, coins, metals, commercial paper—but only because there was no alternative. Big Bang Disruption: The End (and the Beginning) of Financial Services 2014-06-17T04:00:00Z In 2006, Illinois Tool needed cash in the United States to retire outstanding commercial paper and fund acquisitions, according to the company's court filing. Illinois parts-maker fights U.S. IRS over cross-border tax deal 2014-06-09T04:00:00Z That did not involve many runs on conventional deposits, but it did feature a flight from short-term investments that had come to resemble bank deposits, such as money-market funds and asset-backed commercial paper. Narrow-minded 2014-06-05T04:00:00Z It was still obtaining short-term funds in the repo and commercial paper markets, analysts said. Credit Suisse escapes worst as it pleads guilty to U.S. charges 2014-05-20T04:00:00Z I’m not sure what the process would be to guarantee the commercial paper market, where major corporations raise their short term working capital. The Unregulated Shadow Banking System Triggered the 2008 Financial Crisis 2014-06-30T04:00:00Z Regulators could link the new requirement to banks' use of risky liabilities such as uninsured deposits, repurchase agreements, or repos, or commercial paper, four New York Fed researchers argued in a separate paper. U.S. banks enjoy 'too-big-to-fail' advantage: Fed study 2014-03-25T16:05:16Z A shorter-term deal would usually be considered "commercial paper". Dell plots its first asset-backed bond deal 2014-02-14T20:25:49Z If any of the securities it owned went bad, or if Lockhart were unable to issue commercial paper, Zions would buy back the securities at face value. High & Low Finance: Loophole Slowly Tightens on a Bank 2013-12-20T00:46:07Z Treasurys or commercial paper, short-term debt issued by large companies to fund their day-to-day expenses. Fidelity Sells Off Short-Term U.S. Government Debt 2013-10-09T20:34:48Z Currently, Wall Street dealers hold nearly $60 billion of corporate bonds, mortgage-backed bonds and short-term debt called commercial paper, according to data from the Federal Reserve Bank of New York. DealBook: Despite Fears, Bond Market Is Functioning Fine 2013-07-16T21:53:45Z During the financial crisis, the Federal Reserve created credit facilities to prop up certain markets, such as commercial paper debt and even student lending. A Proposed Fix for High Student Loan Interest Rates 2013-06-27T09:53:39Z Treasuries, U.S. agencies, U.S. bank and asset-backed commercial paper, they said. U.S. prime money funds raise euro zone exposure: JPMorgan 2013-06-12T17:11:28Z Zions made the loans, packaged them into securities and “sold” them to Lockhart, which was financed largely by selling short-term commercial paper. High & Low Finance: Loophole Slowly Tightens on a Bank 2013-12-20T00:46:07Z Proceeds from the credit facility together with existing cash on hand and cash funded through a combination of Comcast commercial paper and existing credit facility will fund the remainder of the Redemption Transaction. TEXT-Fitch rates NBCUniversal Enterprise debt, preferred stock issuance 2013-02-28T17:36:26Z Allergan expects to fund the deal with a combination of cash on hand, cash equivalents and short-term borrowings under its commercial paper program. Allergan to buy MAP Pharma for about $958 million 2013-01-23T02:10:01Z To repay short term commercial paper loans and stave off failure, it won a $4.4 billion bailout in October from its banks. Sharp says pondering weak finances, no talks with Intel now 2013-01-07T20:02:39Z Half of that exposure in French banks was in certificates of deposit, commercial paper, repurchase agreements and other short-term debt issued by Societe Generale, according to the rating agency. U.S. money funds raise euro zone holdings in October: Fitch 2012-11-30T11:04:14Z The panic caused the market for short-term loans between companies, known as commercial paper, to shut down even for the most financially secure companies. Panel Pushes for Stronger Money-Fund Rules 2012-11-13T23:54:00Z Sharp failed to complete a deal for a 67 billion-yen investment from Taiwan’s Foxconn Technology Group and has had difficulty selling commercial paper as it burns through cash. Sharp's Profits on LCD Panels: Worse Than Flat 2012-11-09T03:02:33Z The Federal Reserve said it would postpone its regularly scheduled releases, including its weekly report on selected interest rates and daily commercial paper data. Stock markets closed on Monday as storm hobbles New York 2012-10-29T04:27:32Z In contrast, the Fed said it would wait until the federal government reopens to release its data, including a weekly report on selected interest rates and figures on commercial paper issuance. U.S. to release spending data despite government closure 2012-10-29T02:40:44Z Prime funds, which invest in securities such as commercial paper, rose by $9.77 billion while government funds drew in $3.34 billion. Bond Funds Lure Cash; Stock Flight Continues 2012-10-17T20:51:08Z Funds were frantically trying to unload commercial paper and other assets to raise cash. Common Sense: Sorting Out the Collapse of New Rules for Money Market Funds 2012-09-07T17:09:21Z Typically, that means buying short-term debt such as government bills and commercial paper. Money Market Funds: Stable, Until They're Not 2012-08-23T22:01:50Z Aetna said it expects to finance the cash portion of the transaction with a combination of cash on hand and by issuing about $2.5 billion of new debt and commercial paper. Insurer Aetna to buy Coventry Health for $5.6 billion 2012-08-20T10:38:44Z In the period leading up to the bursting of the housing bubble, the S.E.C. said, Wells Fargo sold so-called asset-backed commercial paper to nonprofit groups, local governments and other investors with "generally conservative investment objectives." DealBook: Wells Fargo Settles Mortgage Investments Case for $6.5 Million 2012-08-14T23:48:34Z This shattered confidence in the bonds, which were used by most banks as collateral for the commercial paper they used as a source of short-term funding. Financial crisis, five years on: trust in banking hits new low 2012-08-09T07:22:01Z Major corporations that rely on commercial paper to cover day-to-day operations found themselves unable to issue new securities as the market teetered on collapse. Common Sense: Sorting Out the Collapse of New Rules for Money Market Funds 2012-09-07T17:09:21Z Investors are lending more, and for longer stretches, in the market for short-term loans known as commercial paper. Commercial Paper Bounces Back 2012-08-04T01:39:25Z "Credit easing", for instance, involves the buying of specific assets, like commercial paper or mortgage-backed securities, in an effort to unblock a broken credit channel. Monetary policy: QE sera, sera 2012-07-12T17:38:59Z The company's 'A-2' short term and commercial paper ratings remain unchanged and are not on CreditWatch as we do not believe that Campbell's corporate credit rating would be lowered by more than one notch. TEXT-S&P puts Wm. Bolthouse Farms 'B' rating on watch positive 2012-07-11T21:07:16Z The acquisition is expected to close in the first quarter of 2013 and will be financed with cash on hand, commercial paper and new debt issuance, the companies said. WellPoint to buy Amerigroup for $4.46 bln 2012-07-09T11:07:00Z The commercial paper market came back to life, borrowing costs eased, and A.T.M.’s kept dispensing money to people like me. Common Sense: Sorting Out the Collapse of New Rules for Money Market Funds 2012-09-07T17:09:21Z It fears that the commercial paper market, which provides loans to companies for weeks or months, would be damaged by the decline of the fund industry. High & Low Finance: Money Market Funds and Their Allies Resist New Rules 2012-06-28T20:15:09Z The funds invest in commercial paper issued for working capital by American corporations, financing vehicles for banks and municipal debt. Deal Professor: Money Market Industry's Resistance May Hurt Companies 2012-06-26T22:27:28Z Ten or 15 years ago, nonfinancial companies issued far more commercial paper than they do now. Fair Game: Mutual Fund Industry Resists S.E.C. Proposals 2012-06-23T21:01:56Z The notes help companies diversify their funding, which is skewed to commercial paper and bonds—securities that are purchased mainly by institutions, not retail investors. U.S. Blue Chips Want You to Buy Their Debt 2012-06-07T21:47:03Z The Fed provided an astonishing $13 trillion of support for the credit system, including special facilities for money market funds, consumer finance, commercial paper and other sectors. Wonkbook: Can we have ‘just enough’ Europe? 2012-06-05T12:06:26Z The latest figures show just under $1 trillion in commercial paper outstanding, of which 21 percent is used to finance nonfinancial domestic businesses. High & Low Finance: Money Market Funds and Their Allies Resist New Rules 2012-06-28T20:15:09Z Money market funds provide credit and invest in short-term instruments like commercial paper, bank certificates and repos. Regulators take more time over money market reform 2012-06-01T14:39:43Z The commercial paper market, where companies sell very short-term debt, locked up briefly in late 2008 during the credit crisis, threatening GE's financial security. GE Capital CEO says European risks "manageable" 2012-05-31T19:37:30Z Such downgrades would mean conservative money-market funds, which only buy the highest-rated debt, would not be able buy commercial paper from these banks. Downgrades Could Limit Investment Pool for Money-Market Funds 2012-04-06T17:27:56Z Nevertheless, Penn Central ended up defaulting on $87 million of its short-term unsecured debt — known in the industry as “commercial paper” — and Goldman was at the epicenter of its financial difficulties. Goldman Sachs?s long history of duping its clients 2012-03-16T20:34:00Z Bank bills, treasury notes, bills of exchange, and all kinds of commercial paper are only valuable as the representatives of money. Monopolies and the People 2012-03-12T03:00:23.687Z Issuance fell 61 percent from last week’s $39.8 billion and the commercial paper market declined for the first time since the period ended Jan. 4 as European leaders wrangled over further assistance to Greece. Corporate Bond Offerings in U.S. Fall to Slowest Pace This Year 2012-02-17T14:43:22Z Fairfield, Connecticut- based GE accessed a Fed emergency program for commercial paper. Fed Bank Presidents Disclose Assets From Farmland to Stocks 2012-02-01T06:41:26Z Goldman Sachs Group Inc., part of a group that proposed a competing plan to liquidate Lehman, sold $500 million of claims on the company and its commercial paper unit in December, according to court papers. Lehman Investors Traded $32 Billion of Firm’s Debt Last Year 2012-01-27T13:55:41Z Cannata said on Tuesday Rome would certainly boost issues of short-term bills, commercial paper and bonds with a maturity of up to three years in the first part of the year. Analysis: Italy refunding ordeal looks a little less daunting 2012-01-20T09:33:27Z In proportion to the length of time that must elapse before any bank bills, treasury notes, or other commercial paper can be paid in specie, does its value increase or diminish in commercial transactions. Monopolies and the People 2012-03-12T03:00:23.687Z The seasonally adjusted amount of U.S. commercial paper outstanding fell by $10.8 billion to $962.1 billion in the week ended Feb. 15, the Federal Reserve said yesterday on its website. Corporate Bond Offerings in U.S. Fall to Slowest Pace This Year 2012-02-17T14:43:22Z "Default risks in bank accepted commercial paper are almost zero, but regulators just can't tolerate the bank practices of taking credit off their balance sheet," Li with Use Trust said. Analysis: Beijing targets trusts to stem shadow banking risks 2012-01-20T07:54:50Z MF Global also decided to sell $1.3 billion of IOUs known as commercial paper. In MF Global, JPMorgan again at center of a financial failure 2012-01-19T00:29:07Z District Judge Richard Holwell in Manhattan said the investors adequately alleged GE made material misrepresentations about its access to commercial paper and ability to maintain its dividend. GE ordered to defend lawsuit tied to 2008 crisis 2012-01-13T00:14:09Z Other, more mysterious denizens of the shadow banking world, from tender option bonds to asset-backed commercial paper, would also shrivel. Op-Ed Contributor: Bring Back Boring Banks 2012-01-04T03:32:30Z U.S. money-market mutual funds, among the biggest buyers of commercial paper, are reducing short-term obligations from financial institutions, which are also increasingly wary of the risks of lending to each other. Commercial Paper Declines to Lowest in Two Months, Fed Says 2011-12-29T19:54:23Z Bloomberg News tallied the debt disclosed by all 231 local government financing companies that sold bonds, notes or commercial paper through Dec. 10. China?s local governments are taking on a lot of debt 2011-12-24T23:37:00Z Bloomberg News tallied the debt disclosed by all 231 local government financing companies that sold bonds, notes or commercial paper through Dec. 10 this year. China Debts Dwarf Official Data With Too-Big-To-Complete Alarms 2011-12-18T16:23:05Z Foreign financial institutions’ commercial paper fell $3.6 billion to $164.5 billion outstanding in the week ended yesterday, the lowest level since August 2009, the Federal Reserve said today on its website. Foreign Financial Commercial Paper Falls to Least in 2 Years 2011-12-15T21:54:12Z It was the American representative of an English house whose commercial paper our house frequently used. My Life in Many States and in Foreign Lands Dictated in My Seventy-Fourth Year 2011-12-12T03:00:33.863Z Corporations sell commercial paper to fund everyday operations such as paying rent and salaries. Commercial Paper Declines to Lowest in Two Months, Fed Says 2011-12-29T19:54:23Z Investment-grade companies typically maintain credit lines to fund day-to-day operations or to back sales of other types of debt such as commercial paper, which is debt that is generally due in nine months or less. Vivendi Lenders Raise Stakes in Loan Talks: Corporate Finance 2011-12-12T01:03:21Z “We spread our risk by defining maximum amounts that we allocate to individual bank or issuers of commercial paper and spread our funds broadly among many different parties,” said K+S spokesman Michael Wudonig. European CEOs Move Cash to Germany to Guard Against Euro Breakup 2011-12-09T08:54:04Z But ultimately the natural buyers for commercial paper, the money market funds, have been buying less.” Foreign Financial Commercial Paper Falls to Least in 2 Years 2011-12-15T21:54:12Z They included programs to promote the purchase of commercial paper and to help finance primary dealers that the Fed uses in its operations in the money market. Dodd-Frank Law May Hinder Crisis Response by Policy Makers 2011-11-23T03:15:48Z The seasonally adjusted amount of U.S. commercial paper outstanding fell $27.2 billion to $959.3 billion in the week ended Dec. 28, the fourth consecutive decline, the Federal Reserve said today on its website. Commercial Paper Declines to Lowest in Two Months, Fed Says 2011-12-29T19:54:23Z Strains in money funds re-emerged over the summer on concerns about their holdings of commercial paper issued by troubled European banks. U.S. money funds seen at risk from Europe's debt storm 2011-11-20T12:19:50Z Of course, ownership of commercial paper doesn’t cause any tax problems for foreign investors. How Washington Starves Small Business Of Foreign Capital 2011-11-18T12:27:00Z Overall, the seasonally adjusted amount of U.S. commercial paper outstanding fell by $5.6 billion to $991.7 billion in the week ended Dec. 14, according to the Fed. Foreign Financial Commercial Paper Falls to Least in 2 Years 2011-12-15T21:54:12Z “You can bail out a market like commercial paper,” he said. Dodd-Frank Law May Hinder Crisis Response by Policy Makers 2011-11-23T03:15:48Z Pressure also was felt in the U.S., where higher funding costs were registered in markets for commercial paper, interbank lending and securities repurchases, or repos, all key sources of short-term financing for banks and corporations. Markets Show Stress as Lenders Pull Back 2011-11-17T23:18:47Z The federal reserve notes which they issue are guaranteed by the United States government, and are secured by commercial paper—notes and drafts—deposited in the treasury. Government in the United States National, State and Local 2011-11-16T03:00:28.590Z There aren’t similar tax disincentives to foreign investors lending money to big companies through bonds and commercial paper. How Washington Starves Small Business Of Foreign Capital 2011-11-18T12:27:00Z The purchases are part of a 20 trillion yen BOJ plan to stimulate economic growth and boost investor confidence by buying securities, such as government debt, commercial paper and real estate investment trusts. BOJ Losses Exceed $281 Million From Buying ETFs as Stocks Slump 2011-11-01T00:06:42Z Other options include commercial paper sold by Bankia SA or two-year Spanish government notes that pay about 4 percent. Savings Wars From Italy to Portugal Drive Bank Costs Higher 2011-10-20T22:23:04Z Recreating its backstops for money-market funds, commercial paper and asset-backed securities might require such stringent conditions that no one would participate. Fighting financial crisis: Don?t look down 2011-10-13T08:48:22Z The seasonally adjusted amount of U.S. commercial paper outstanding dropped by $22.2 billion to $985.4 billion in the past week, the 12th consecutive decrease, the Fed said yesterday on its website. IOUs to Long Bonds Slide With Growth Imperiled: Credit Markets 2011-10-07T17:16:16Z Poland’s domestic corporate bond and commercial paper market, with a total outstanding value of 40 billion zloty at the end of August according to Fitch, may not be able to absorb the utilities’ investment spree. Highest Yield Risks First Utility Bond in Decade: Poland Credit 2011-10-06T10:00:02Z The Enron decision involved the company’s redemption in November 2001 of its commercial paper, which happened just weeks before it filed for bankruptcy. DealBook: The Roller Coaster Ride Continues for Madoff Investors 2011-10-03T19:37:37Z That hasn’t stopped banks from competing to lure savings with products such as the commercial paper that Bankia is selling to retail clients to raise 1 billion euros. Savings Wars From Italy to Portugal Drive Bank Costs Higher 2011-10-20T22:23:04Z “Euro commercial paper will help them do so fast, easy and cheap.” Gazprom Seeking Short-Term Debt Amid Market Rout: Russia Credit 2011-09-28T20:23:15Z Loan quotas and higher reserve requirements are reducing access to bank credit, helping push sales of commercial paper to 552 billion yuan this year, Bloomberg data show. Loan Curbs Help Push Short-Term Yields to Record: China Credit 2011-09-21T05:27:01Z Loan quotas and higher reserve requirements are reducing access to bank credit, helping push sales of commercial paper to 544 billion yuan this year, Bloomberg data show. Loan Curbs Help Push Short-Term Yields to Record: China Credit 2011-09-21T00:05:10Z The top 10 U.S. prime money-market mutual funds cut their assets invested in securities including commercial paper issued by European banks in July to the lowest level since 2008,, according to Fitch Ratings. Euro Bulls Capitulate After Trichet Turnaround Cuts Forecasts 2011-09-18T15:22:02Z Fearing the worst, investors are pulling back, refusing to roll over the banks’ commercial paper, those short-term i.o.u.’s that are the lifeblood of commerce. Fair Game: As Europe?s Crisis Grows, Over There Is Over Here 2011-09-17T18:55:45Z But these banks, and others in Europe, are already struggling with a more immediate problem: maintaining their liquidity as their sources of financing from the commercial paper market and other short-term lenders dry up. Turmoil Ensnares Big French Banks 2011-09-12T19:29:24Z As recently as July, the banks received rates on commercial paper, or short-term debt, that were lower than Libor. U.S. Money Funds’ Cuts to French Banks Could Force Asset Sales 2011-09-12T18:51:01Z Two calls to the company’s main number seeking comment on the effects of increasing commercial paper rates on company financing plans went unanswered. Loan Curbs Help Push Short-Term Yields to Record: China Credit 2011-09-21T00:05:10Z Rates on financial commercial paper, which typically matures in 270 days or less, is used to finance everyday activities such as payroll and rent, are usually below Libor. Europe Stress Seen in Rates on Commercial Paper: Credit Markets 2011-09-12T14:19:29Z Adding to the peril is that these banks are funded primarily by short-term investors, like buyers of commercial paper, rather than by depositors, as is more often the case with American banks. Fair Game: As Europe?s Crisis Grows, Over There Is Over Here 2011-09-17T18:55:45Z So far the bank has acquired about 198 billion pounds of gilts to lower borrowing costs, with the rest in corporate bonds and commercial paper. Bank of England Resists Calls to Add More Monetary Stimulus 2011-09-08T11:25:05Z Lockyer this month will also sell $245 million in revenue bonds for the California State University system and $1.3 billion in various purpose general obligation bonds to pay down commercial paper. California governor OKs bill for "minibonds" 2011-09-08T00:05:24Z He said purchases of exchange-traded funds, real estate investment trusts, commercial paper and corporate bonds may grow. Swap Rates Show Shirakawa Never Enacting Increase: Japan Credit 2011-08-30T20:42:43Z The Federal Reserve’s 90-day rate for financial commercial paper was 28 basis points that day. Europe Stress Seen in Rates on Commercial Paper: Credit Markets 2011-09-12T14:19:29Z In the same period, the average of issuance of one- to four-day maturity commercial paper rose 52 percent, while sales of five- to nine-day maturity debt increased 75 percent. Bank Commercial Paper Maturities Fall as Funding Concern Rises 2011-08-25T19:36:28Z “Money-market funds turned from net sellers of commercial paper into net buyers after the Fed launched the program.” Fed Made State Street Profitable as Money-Fund Middleman in ’08 2011-08-23T23:44:30Z Holdings of European bank certificates of deposit, repurchase agreements and commercial paper reported by the six largest funds managed by JPMorgan Chase & Co., U.S. Money Funds Shun Italian, Spanish Banks for Swiss Assets 2011-08-12T17:55:04Z The Bank of Japan quadrupled purchases of commercial paper to 2 trillion yen in the wake of the March 11 quake. Tepco Disaster Propels Sales of Commercial Paper: Japan Credit 2011-08-02T02:56:01Z The greater danger is to money funds with extensive holdings of short-term corporate i.o.u.’s, or commercial paper. Hopeful, but Wary at Money Markets 2011-08-01T02:10:08Z The rolling monthly average of 80 or more day maturity financial commercial paper issuance declined to $8 billion from $17 billion between July 31 and Aug. 19, according to Nomura’s analysis of Fed data. Bank Commercial Paper Maturities Fall as Funding Concern Rises 2011-08-25T19:36:28Z In the commercial paper market, where companies raise funds for their short-term borrowing needs, buyers are also seeking shorter-term paper. DealBook: Debt Ceiling Impasse Rattles Short-Term Credit Markets 2011-07-29T01:07:40Z Western Asset’s money funds held about $1.4 billion of commercial paper from French banks at the end of July, according to data from JPMorgan. U.S. Money Funds Shun Italian, Spanish Banks for Swiss Assets 2011-08-12T17:55:04Z The company, which postponed bond sales in June, cited payment of corporate taxes and dividends for the increase in commercial paper debt. Tepco Disaster Propels Sales of Commercial Paper: Japan Credit 2011-08-02T02:56:01Z They are also looking for disruptions in commercial paper and swaps markets, said one of the people, who declined to be identified because the deliberations are private. U.S. Banks Bracing for Debt Downgrade Eye Repo, Credit Markets 2011-07-27T17:48:01Z July 26, 2011 3:14 AM Take away the marketing, and GroupOn looks like an unsecured commercial paper dealer arranging repo transactions between merchants discounting product and buyers taking delivery later. Do Daily Deal Sites Have a Future? 2011-07-27T15:37:20Z At the same time, the amount of commercial paper issued with a duration of just one to four days rose to $920 million, from $771 million. DealBook: Debt Ceiling Impasse Rattles Short-Term Credit Markets 2011-07-29T01:07:40Z And other funding channels -- such as the covered bond market, commercial paper, or asset-backed securities -- are also starting to look increasingly shaky. Bank funding crunch overshadows Europe stress test 2011-07-13T12:34:53Z Kyushu Electric Power Co. increased commercial paper sevenfold to 210 billion yen last quarter from the previous three-month period, while Shikoku Electric Power Co. more than tripled its outstanding balance to 43 billion yen. Tepco Disaster Propels Sales of Commercial Paper: Japan Credit 2011-08-02T02:56:01Z Among other things, the plan envisions redistributing sums that might otherwise have gone to creditors of Lehman subsidiaries -- including its derivatives and commercial paper units -- to creditors of the parent. FACTBOX-Lehman files new Chapter 11 bankruptcy plan 2011-06-29T17:16:55Z After beginning his career as a commercial paper salesman, he moved into junk bonds and leveraged finance at Salomon Brothers, Drexel Burnham Lambert and Bear Stearns. Goldman's Solomon: Dark horse contender in CEO race 2011-06-26T22:56:31Z Such licenses would allow the foreign banks to underwrite the sale of corporate bonds on China’s inter-bank market, including commercial paper and medium-term notes. HSBC, Citi Said to Apply to Underwrite Yuan Bonds in China 2011-06-15T11:28:28Z Banks are also selling less commercial paper as loan demand slows after successive interest-rate increases. India’s Nifty Futures Decline on Concern Inflation Accelerating 2011-06-14T02:45:44Z The bank’s purchases of commercial paper totaled 1.7 trillion yen on July 20, accounting for 10 percent of Japan’s total issuance outstanding. Tepco Disaster Propels Sales of Commercial Paper: Japan Credit 2011-08-02T02:56:01Z The loan for the San Francisco-based utility will be used for working capital and other corporate purposes, including backstopping commercial paper, according to a filing with the Securities and Exchange Commission. El Paso, PG&E and Newfield Obtain $7.5 Billion in Credit Lines 2011-06-03T20:38:30Z Moody’s assigned A2 ratings to the debt and said it expected the balance of the acquisition to be paid for with $800 million in commercial paper and $3.3 billion of cash on hand. Caterpillar Plans $4.5 Billion of Bonds for Bucyrus Purchase 2011-05-24T16:24:11Z J&J is tapping the corporate bond market to pay back commercial paper following similar sales in the past month by Google Inc., General Mills Inc. and CVS Caremark Corp. Johnson & Johnson to Sell $3 Billion of Debt as Yields Fall 2011-05-17T15:58:03Z Google said proceeds will be about $2.97 billion will be used to repay outstanding commercial paper and for general corporate purposes. Google Prices $3B Note Offer 2011-05-17T01:12:41Z Proceeds will be used to repay outstanding commercial paper and for general corporate purposes, Aaron Zamost, a spokesman for the Mountain View, California-based company said in an e- mailed statement. Banks Boosting Agency Mortgage Bond Purchases: Credit Markets 2011-05-16T22:22:24Z “We plan to use the proceeds to repay outstanding commercial paper and for general corporate purposes,” Zamost said. Google Sells $3 Billion of Bonds in ‘Home Run’ Debut Offering 2011-05-16T21:08:13Z Proceeds of the SEC-registered deal will be used to repay commercial paper and for general corporate purposes, the company said in a statement. Google debuts in high-grade bond market with $3 billion deal 2011-05-16T17:04:36Z The companies all cited commercial paper repayment as a use of proceeds, the data show. Johnson & Johnson to Sell $3 Billion of Debt as Yields Fall 2011-05-17T15:58:03Z They hold $2.7 trillion in assets and buy more than a third of all commercial paper. Money-market funds: The long road back to boring 2011-05-12T11:01:28Z Social letters, whether hand or typewritten should not be on ordinary commercial paper. Book of Etiquette Volume I 2011-04-28T02:00:13.993Z But prosecutors said the collateral that supposedly backed that commercial paper was worthless, and when Taylor Bean collapsed in 2009, the two banks lost roughly $1.5 billion. Mortgage Executive Guilty in $3 Billion Fraud 2011-04-19T22:54:22Z Outstanding commercial paper held by banks rose 0.2 percent in March, marking the first rise since September 2008, also likely reflecting the impact of the quake, the official said. Japan quake's economic impact worse than first feared 2011-04-12T03:28:51Z In its lawsuit, the organization said that the list of approved investments offered to it by the bank included low-yielding but highly liquid products like government bonds, certificates of deposit and high-grade commercial paper. Salvation Army Accuses Bank of Mismanaging Its Assets 2011-04-02T02:20:23Z That move was partially the result of U.S. money market funds shrinking their exposure to European bank commercial paper. Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak 2011-04-01T05:26:17Z It has also created new lending windows to channel funds to financial institutions and investors and expanded its financial safety net for everything from money market mutual funds to asset-backed securities and commercial paper. Special report: The revolution in central banking 2011-03-24T09:47:07Z I do think that if you ran into a similar situation today the government would guarantee commercial paper again. Buffett Tells FCIC It Can’t Stop ‘Too Big to Fail’ 2011-02-11T14:27:27Z Prime funds, which invest in securities such as commercial paper, had $18.09 billion of inflows, while government funds added $1.92 billion. Mutual Funds Add $4.01 Billion 2011-02-09T22:51:38Z Fairholme bought commercial paper with maturities ranging from one to six months, in many cases acquiring it directly from the banks rather than in the open market, Berkowitz said. Berkowitz Bought $1.6 Billion of Santander, Espirito Debt 2011-02-04T08:45:40Z Any bank, if it has need for additional cash, may present for rediscount at the Bank of France the bills and other commercial paper which it has in its vaults. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Because money funds are the largest buyers of commercial paper, that froze the $1.1 trillion market. Money Funds Come Out of the Shadows 2011-01-27T22:00:00Z On Aug. 2, 2007, Countrywide’s access to crucial market financing dried up; commercial paper investors would not buy its obligations, the report quoted Angelo R. Mozilo, the company chief executive, as saying. Fair Game: A Bank Crisis Whodunit, With Laughs and Tears 2011-01-29T18:21:07Z Prime funds, which invest in securities such as commercial paper, had $8.17 billion of inflows, while government funds withdrew $2.37 billion. Stock Funds Outdraw Bonds 2011-01-26T22:05:58Z Libor, the rate at which banks lend to one another in the London Interbank market, is the benchmark for commercial paper. Berkowitz Bought $1.6 Billion of Santander, Espirito Debt 2011-02-04T08:45:40Z A. Under our French system we consider the commercial paper we keep in the portfolio a cash reserve, as we can rediscount it at the Bank of France. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z These measures “will directly constrain the support provided to economic actors such as backstop facilities for commercial paper and standby credit,” Oudea said. Too-Big-To-Fail Regulations Vex Lenders, SocGen’s Oudea Says 2011-01-24T17:10:24Z Portugal will also use very short-term financing instruments, such as repurchase agreements, credit facilities, and commercial paper, the debt agency said when it announces its 2011 financing program last month. Portugal Issues 110 Million Euros in 2011’s Third Private Sale 2011-01-19T18:48:03Z For investors, commercial paper yields about 4 percent, offering better value than government debt, he said. Chalco to Favor Bonds Over Loans as Rates Soar: China Credit 2011-01-13T10:00:01Z “Nobody would be caught dead with six-month commercial paper from a European bank name these days,” Crane said in an interview. Berkowitz Bought $1.6 Billion of Santander, Espirito Debt 2011-02-04T08:45:40Z A. No. Our idea is to buy all the commercial paper that we can get. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z “The bigger issuance of commercial paper this year will help ease the funding shortage in the real economy,” said Zhou Yan, a bond analyst in Shanghai at Bank of Communications Ltd., the nation’s fifth-largest lender. Commercial Paper Sales to Rise 20% as Loans Pared: China Credit 2011-01-04T23:21:04Z Larger houses in the big cities often do sell their "commercial paper" through brokers, and some of the big New York mercantile houses have had their paper scattered a good deal throughout the country. The Value of Money 2011-01-04T03:01:12.363Z The figure includes enterprise bonds, medium-term notes and commercial paper, and excludes corporate bonds approved by the China Securities Regulatory Commission, according to Chinabond’s website. Derivatives Rules Raise Concerns in Nascent Market: China Credit 2010-12-20T01:56:02Z Berkowitz was named U.S. stock fund manager of the decade last year by research firm Morningstar Inc. The fund increased its cash and short-term securities, including commercial paper, money-market funds and U.S. Berkowitz Bought $1.6 Billion of Santander, Espirito Debt 2011-02-04T08:45:40Z As one would naturally expect, there is very little commercial paper floating about in the Canadian money market. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Prime funds, which invest in securities such as commercial paper, had $14.97 billion of inflows, while government funds added $14.15 billion. Mutual-Fund Assets Turn Up 2010-12-09T01:56:00Z In the matter of a wide market for commercial paper, however, an impersonal market, with great fluidity, we are well behind not only England, but also Continental Europe. The Value of Money 2011-01-04T03:01:12.363Z Companies that few people would associate with Wall Street benefited through the Fed's program to ease the market for commercial paper, a form of short-term debt used by major corporations to fund their daily activities. Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms 2010-12-02T02:11:00Z The Korean Development Bank, owned by the South Korean government, used the Fed's commercial paper facility to the tune of billions of dollars, including a $407 million short-term loan on a single day. Fed data reveals wide scope of loan action during financial crisis 2010-12-01T20:56:00Z A. No. Q. In the United States we have brokers who handle commercial paper, and many of the banks purchase it to employ their surplus funds. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Major corporations use the loans to fund their day-to-day operations, yet the commercial paper market was under considerable strain, making it hard for certain companies to get funding they needed. Fed Lifts Curtain on Its Crisis Actions 2010-12-01T17:33:00Z In the reports of the metropolitan papers, giving daily variations in interest rates, it is usual to find "commercial paper" listed as a separate category, coördinate with "sixty day paper," "ninety day paper," etc. The Value of Money 2011-01-04T03:01:12.363Z The Fed then purchased commercial paper issued by GE 12 times for a total of $16 billion. Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms 2010-12-02T02:11:00Z On Thursday, the Bank of Japan provided details of its asset purchasing plan, which would begin with buying government debt next month and corporate bonds and commercial paper possibly in December. Bank of Japan Details Plan to Buy Assets 2010-10-28T12:47:00Z As North Dakota, however, is not a manufacturing nor a jobbing state, commercial paper is scarce, and consequently comparisons of the above nature are apt to be misleading. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z As part of that plan, eBay's board approved the creation of a commercial paper program of up to $1 billion to fund a portion of "Bill Me Later" receivables. eBay sells $1.5 billion of debt in debut deal 2010-10-21T21:43:00Z Recent periodical discussion has gone elaborately into the question as to what should be called "commercial paper," from the standpoint of the policy of the Federal Reserve Banks. The Value of Money 2011-01-04T03:01:12.363Z At the height of the crisis, even stalwarts like AT&T couldn't borrow in the commercial paper market for durations of more than a day—meaning they were only 24 hours removed from default. Mortgages Lost in the Cloud 2010-10-14T21:00:00Z It also plans to spend 1 trillion yen on commercial paper and corporate debt. Bank of Japan Details Plan to Buy Assets 2010-10-28T12:47:00Z The business of cattle loan companies approaches closely to the functions of the commercial paper broker. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z This week through Wednesday, the commercial paper market rose by $31.4 billion after a $27.2 billion rise on a seasonally adjusted basis in the prior week. Commercial Paper Rises for Third Week 2010-10-08T02:18:00Z The terms, "liquid paper" and "commercial paper" by no means run on all fours! The Value of Money 2011-01-04T03:01:12.363Z Third, the central bank said that it would consider establishing a programme to buy public- and private-sector assets from banks—including commercial paper, corporate bonds and perhaps even exchange-traded funds and Japan real-estate investment trusts. The Japanese economy: Easy does it 2010-10-07T11:04:00Z The also said it would set up a fund of 5 trillion yen, or $60 billion, to buy government bonds, commercial paper and other assets in a bid to shore up a faltering economic recovery. News Analysis: A New Bid to Prop Up Economy Brings Shrugs in Japan 2010-10-06T00:40:00Z What generally passes as "commercial paper" in the United States is single-name paper. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z It said its purchases will include long-term government bonds, commercial paper, asset-backed commercial paper and corporate bonds. Bank of Japan Cuts Key Rate 2010-10-05T08:07:00Z Is there any commercial paper in this last, not inconsiderable, item? The Value of Money 2011-01-04T03:01:12.363Z Board members also plan to examine establishing a temporary asset-buying fund to purchase various financial instruments such as government securities, commercial paper and corporate bonds. Japan cuts interest rates to around zero 2010-10-05T07:09:00Z Prime funds, which invest in such securities as commercial paper, had $2.59 billion of inflows while government funds withdrew $2.17 billion. Bond Funds Draw More Cash 2010-08-19T01:06:00Z On August 9, 1913, according to the report of the Comptroller of the Currency, the national banks held over six billions of dollars of commercial paper, most of which was single-name. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z He announced the establishment of a lending facility to buy commercial paper the weekend after Congress approved Tarp. Ben Bernanke: Wall Street's servant 2010-08-16T13:00:00Z It is liquid, but it is not commercial paper. The Value of Money 2011-01-04T03:01:12.363Z Mr. Taylor said the Fed had successfully stabilized the commercial paper and money markets, but he argued that its purchases of $1.25 trillion in mortgage-backed securities have not been effective. In Study, 2 Economists Say Intervention Helped Avert a 2nd Depression 2010-07-28T01:50:00Z “Since these institutions were most seriously affected by the funding shock in 2008 and use more flight-prone repo and commercial paper, their desire for precautionary balances is no doubt strong,” Abate said. Ending Interest on Reserves Won't Help 2010-07-21T16:40:00Z With this credit established it can convert at will its gold-covered notes into notes covered partly by gold and partly by commercial paper. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Many avenues for corporate borrowing, including commercial paper and asset-backed bonds, were slammed shut for a long time. Fed says credit somewhat looser in last 3 months 2010-07-13T18:28:00Z Combining this with the loans on stock exchange collateral, we get nearly 36% of bank and trust company assets invested, directly or indirectly, in stock exchange securities, as against an assumed 13½% in commercial paper. The Value of Money 2011-01-04T03:01:12.363Z While general unsecured creditors of the holding company would likely recover 14.7 cents on the dollar, creditors of its derivatives and commercial paper units could recover 21.9 cents to 44.2 cents on the dollar. Paulson and Calpers object to Lehman bankruptcy plan 2010-06-29T19:47:00Z Some analysts instead track the vast market for corporate i.o.u.’s, or commercial paper. Market Place: Digging Deep for Economic and Market Clues 2010-06-08T23:44:00Z On November 19 the bank pledged with the Federal Reserve Agent $500,000 of commercial paper rediscounted by member banks and received from him a similar amount of Federal Reserve Notes. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Prime institutional funds, which invest in securities such as commercial paper, declined $16.86 billion, while government institutional funds dropped $4.73 billion. Mutual Funds Lose Ground 2010-06-03T01:20:00Z Power to rediscount commercial paper seems a feeble and hardly relevant weapon against a combination concerned with purchasing securities, and making collateral loans! The Value of Money 2011-01-04T03:01:12.363Z Covidien said that it expects to finance the merger with a combination of cash on hand, an issuance of commercial paper and $1.25 billion in a bridge loan facility. Covidien to Buy ev3 for $2.6 Billion in Cash 2010-06-01T12:37:00Z Covidien plans to finance the acquisition through a combination of cash on hand, commercial paper and a fully committed bridge facility. Covidien to buy ev3 for $2.6 billion in vascular deal 2010-06-01T15:05:00Z On December 31, 1915, however, only $16,675,000 of notes secured by commercial paper pledged with the Federal Reserve Agents was outstanding as an obligation of the Federal Reserve Banks. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z U.S. money market mutual funds, which are major suppliers of short-term cash to European banks through their holdings of commercial paper, would likely also be affected, Tarullo said. Europe debt crisis stirs recession fear 2010-05-21T22:15:00Z For commercial paper, however, there are innumerable more personal, more restricted, markets, and commercial paper constitutes a very considerable part of banking assets, though much less than is often supposed. The Value of Money 2011-01-04T03:01:12.363Z He notes commercial paper liquidity “remains strained” and the London interbank offered rate, which is seen as key measure of short-term funding costs, “is headed higher in the near term.” Lack Of Demand For Fed Currency Swaps Plus For Markets 2010-05-21T18:29:00Z The rise in lending rates is impacting other short-term instruments such as commercial paper, where investors continue to prefer shorter-term paper that matures in one month rather than three months, according to traders. Anxiety Lingers After Steep Drop 2010-05-21T16:10:00Z The third way is to buy commercial paper. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The acquisition will be funded with cash, commercial paper and credit facility borrowings, Harris said. Harris moves into energy market with acquisition 2010-05-21T14:14:00Z Where, among these items, does one find "commercial paper"? The Value of Money 2011-01-04T03:01:12.363Z Money market mutual funds that hold commercial paper and certificates of deposit issued by European banks also would be hurt. Official Says Europe?s Woes Could Spread to U.S. 2010-05-21T02:01:00Z The audit sought by Mr. Sanders would scrutinize an alphabet soup of programs that injected liquidity into the markets, ranging from commercial paper to money market funds. Senate Rejects Bid to Shrink Biggest U.S. Banks 2010-05-07T02:13:00Z In this country when a bank discounts a piece of commercial paper it is discounting something which for its security depends solely on its maker. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z At its peak, the commercial paper funding facility, which guaranteed short-term corporate debt, held more than $300 billion. Newsweek: The $2.3 trillion garage sale 2010-05-05T13:37:00Z The most general definition of "commercial paper" would be paper bought through note-brokers. The Value of Money 2011-01-04T03:01:12.363Z Instead, Paulson writes, Immelt on at least four occasions expressed worries about GE's short-term debt, known as commercial paper, and eventually lobbied for access to special government guarantees for such debt. 2010-02-06T05:00:00Z A big reason for that decrease was the fact that a subset known as "average other borrowings," which includes short-term bank IOUs known as commercial paper, plunged from $33.2 billion to just $306.6 million. 2010-01-15T01:35:00Z In other words, to rediscount its commercial paper would affect a bank's credit. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Those options would involve bonds, loans and commercial paper or a combination of all three. 2010-01-08T16:54:00Z Despite the decided increase in loans and discounts which our war prosperity has involved, there has been very frequent complaint of the scarcity of "commercial paper." The Value of Money 2011-01-04T03:01:12.363Z A day earlier, GE sent investors a letter saying its ability to sell commercial paper was "robust." 2010-02-06T05:00:00Z This reduction of rate, together with the reduction for other printed matter, for samples, and for commercial papers, resulted in a large increase in the number of bulky packets sent by post. The Development of Rates of Postage An Historical and Analytical Study Of course, general liquidation in Europe includes a liquidation of securities, just as liquidation in the United States also includes liquidation of commercial paper as it matures. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Its essential features are the discount of commercial paper, the conduct of checking accounts, and the issue of notes. Banking But not all of this "other loans and discounts" is commercial paper. The Value of Money 2011-01-04T03:01:12.363Z Immelt, in a statement issued Friday by GE, said he "does not believe" the two discussed problems with GE commercial paper on Sept. 2010-02-06T05:00:00Z A reduced rate for commercial papers, samples of merchandise, newspapers, books, pamphlets, catalogues, etc., was adopted without discussion, the delegates no doubt basing their action on the existence of similar reduced rates in many countries. The Development of Rates of Postage An Historical and Analytical Study By its means they can, if need be, rediscount their commercial paper, exchange their unmatured assets for actual cash, and secure its still better known credit in place of their own. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z In this popular usage these documents are called commercial paper because they are themselves objects of commerce. Banking None of the $30,000, therefore, is, in the strict sense, "commercial paper." The Value of Money 2011-01-04T03:01:12.363Z At the time, GE was the biggest U.S. issuer of commercial paper. 2010-02-06T05:00:00Z The special rate for commercial papers over 20 grammes in weight was abolished. The Development of Rates of Postage An Historical and Analytical Study At the present time the commercial paper situation in the United States is peculiar. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z So long as the discounts are confined to commercial paper the bank's part in these transactions consists almost exclusively of bookkeeping between its customers and between itself and other banks. Banking As will later appear, the bulk of liquid banking assets are not commercial paper at all. The Value of Money 2011-01-04T03:01:12.363Z The funds are major purchasers of short-term corporate debt, including GE's, and fears quickly rippled across the commercial paper market over the next day or two. 2010-02-06T05:00:00Z Changes were made in the subsidiary rates, the rates for commercial papers, for magazines, etc., but the letter rate remained unchanged until 1844, when a considerable reduction was made. The Development of Rates of Postage An Historical and Analytical Study Most of the conditions of the case are best answered by the "discount" of commercial paper as above described. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z As explained in Section 1, commercial paper is an essential part of the process of exchanging goods through credit. Banking There is, however, another item in which we may find some commercial paper, and this is the item, "loans on other collateral security." The Value of Money 2011-01-04T03:01:12.363Z As part of its October stock sale, GE filed documents with the Securities and Exchange Commission, including one that quoted Immelt as saying: "We continue to successfully meet our commercial paper needs." 2010-02-06T05:00:00Z In times of pressure, commercial paper is an inferior asset for a bank, all of whose obligations are payable on demand. The Arena Volume 18, No. 92, July, 1897 Pennsylvania trust companies apparently even now cannot discount commercial paper, but they may loan on it as collateral and may purchase it from the holder. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z By commercial paper is meant the credit instruments or documents which the credit system now in general use throughout the commercial world regularly brings into existence and liquidates. Banking Of course, none of these loans are commercial paper. The Value of Money 2011-01-04T03:01:12.363Z It issued circulating notes, discounted commercial paper and aided the government in its financial operations. The Colonial Architecture of Philadelphia The banks, or buyers, in turn discount at least a proportion of the commercial paper thus created with their correspondent banks in New York, Boston, or other financial centers. The Fabric of Civilization A Short Survey of the Cotton Industry in the United States A large part of the so-called commercial paper of Canadian banks is secured practically by title to goods in warehouses, factories, and wholesale stores. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The term commercial paper, as we are using it, applies to such promissory notes and bills of exchange as belong to this credit system. Banking I conclude, therefore, that the thesis with which we started that the overwhelming bulk of commercial paper is to be found in the item, "other loans and discounts" is correct. The Value of Money 2011-01-04T03:01:12.363Z There were many shelves for books, but no evidence of commercial papers other than a great staring ledger which was the one eyesore. Aladdin of London or, Lodestar This bank issued circulating notes, discounted commercial paper and aided the government in its financial operations. Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 "Banks" to "Bassoon" They buy and sell commercial paper, discount the notes of their customers, lend money on stocks and bonds, make advances to farmers, and sometimes aid in the financing of railroads and industrial enterprises. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The one universally employed is the discount of commercial paper. Banking As the amount of commercial paper in this class of loans for national banks is probably small, it may be expected to be still smaller in the aggregate of collateral loans. The Value of Money 2011-01-04T03:01:12.363Z With it was a typewritten letter upon dark-blue commercial paper with a printed heading. The Stretton Street Affair The quantity of commercial paper discounted is very large. Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 "Banks" to "Bassoon" At present it is almost impossible to get any commercial paper because business is so slack; therefore, we are obliged to go outside and buy treasury bills. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z For the present it is important to note precisely how the discount of commercial paper is related to this bookkeeping process. Banking If the foregoing is correct within very wide limits of error as to the amount of commercial paper, collateral loans very substantially exceed commercial paper. The Value of Money 2011-01-04T03:01:12.363Z Captain Pablo had written to him after a year of silence, and his letter was long, several sheets of commercial paper covered with close writing! The Dead Command From the Spanish Los Muertos Mandan These associations are to have power to render available, for the basis of additional circulation, "any securities, including commercial paper, held by a national banking association." History of the United States, Volume 6 The results of the process of investment in commercial paper and in other securities are best understood when we trace the effect in the account of the bank. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The Bank of England is thus ordinarily able to regulate the market for commercial paper. Banking If all the "all other loans" should be counted as commercial paper, collateral loans are still not far behind them—22% as against 27½%. The Value of Money 2011-01-04T03:01:12.363Z Colonel Seymour was born in Georgia, but had long resided in New Orleans, where he edited the leading commercial paper—a man of culture, respected of all. Destruction and Reconstruction: Personal Experiences of the Late War We must liberate it by floating the commercial paper which we took in. Aladdin & Co. A Romance of Yankee Magic I said that the business of banking proper consisted in loaning money, discounting bills, facilitating exchanges of productions by the agency of commercial paper, and in receiving and disbursing the deposits of individuals. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. The proposed Federal Reserve Banks are to hold a part of the reserves of member banks and to rediscount commercial paper, administer exchange accounts, and conduct clearings for them. Banking They get part of it from true commercial paper. The Value of Money 2011-01-04T03:01:12.363Z For ordinary commercial paper the rates run from four to eight per cent. Up To Date Business Home Study Circle Library Series (Volume II.) “But the Trust Company’s guaranties,” said Mr. Hinckley, with a banker’s scent for the complications of commercial paper, “must be made good on presentation, or it may as well close its doors.” Aladdin & Co. A Romance of Yankee Magic All commercial paper—checks, drafts, orders, bills of exchange, protests, bonds —every instrument that was used in the ordinary process of banking —was heavily taxed, while bank bills were not taxed at all. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. On account of this practice, also, commercial paper brokerage does not flourish in Canada. Banking In addition to this, he dealt more largely in commercial paper than any other man in the city and perhaps in the Union. The Continental Monthly, Vol. 2, No. 2, August, 1862 Devoted to Literature and National Policy A portion of the loans of many banks consists of investments in solid bonds, but the bulk of the loans of banks is made on commercial paper. Up To Date Business Home Study Circle Library Series (Volume II.) The published statements of loans made by city banks make no distinction between discounts of commercial paper and what is advanced on securities. Lights and Shadows of New York Life or, the Sights and Sensations of the Great City The commercial papers, while approving the general tenor of the speech, complained that I did not advocate the retirement of the legal tender notes of the government. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. He failed utterly in questions upon contracts, partnership, corporation law, commercial paper and real estate, and was told so. Modern Eloquence: Vol II, After-Dinner Speeches E-O Bank issues secured by commercial paper are preferable to those secured by bonds. Carnegie Library of Pittsburgh Debate Index Second Edition The assistance of the broker who handles commercial paper is a necessary and valuable aid to the purchasing bank. Up To Date Business Home Study Circle Library Series (Volume II.) He then secured a position in the office of the Evening Mirror, from which he passed to the post of foreman in the office of a small, struggling, commercial paper, called the Merchants’ Ledger. Lights and Shadows of New York Life or, the Sights and Sensations of the Great City They believed the investments in commercial paper they had made were perfectly good, and that they were as well able as the Bank to wait for payment until one year after the war if necessary. The Audacious War The business man has no rock more dangerous to encounter in his career than this very one of endorsing commercial paper. Autobiography of Andrew Carnegie It was a half-sheet of ordinary commercial paper and the lines upon it numbered, perhaps, a dozen. Princess In Germany, as is well known, the main currency is supplied by the Reichsbank, covered by at least 33-1/3 per cent. in gold or silver, and the remaining two-thirds by commercial paper. New York Times Current History: The European War, Vol 2, No. 1, April, 1915 April-September, 1915 Buyers were scarce, and the once accommodating banks displayed a heartless disposition to scrutinize collateral and to ask embarrassing questions in regard to commercial paper. Unleavened Bread As the rewards for the successful forgers are great, thousands upon thousands of forged checks, notes, drafts, wills, deeds, receipts and all kinds of commercial papers are produced in the United States every year. Disputed Handwriting An exhaustive, valuable, and comprehensive work upon one of the most important subjects of to-day. With illustrations and expositions for the detection and study of forgery by handwriting of all kinds The banks had ceased to perform this function: they were utterly unable to maintain their reserve, cash cheques or discount commercial paper for their customers, and so far the National banking system had failed. Lippincott's Magazine of Popular Literature and Science Volume 12, No. 33, December, 1873 The central idea of the system is elastic currency issued against commercial paper and gold, expanding and contracting according to the needs of commerce…. War-Time Financial Problems Any business man able to offer any commercial paper of sound quality should now be able to borrow on it at some rate of discount, even in the most stringent times. Modern Economic Problems Economics Volume II The industrial and commercial papers treated the question chiefly from this point of view. Twenty Thousand Leagues under the Sea But this thumb-print possibility in commercial papers has its greatest future in the positive identification which either thumb or finger print carries with it. Disputed Handwriting An exhaustive, valuable, and comprehensive work upon one of the most important subjects of to-day. With illustrations and expositions for the detection and study of forgery by handwriting of all kinds He is always reading commercial papers, the Money Market and On Change, and the Stockbrokers' Vade Mecum, and publications of that kind. Charlotte's Inheritance Therefore, to enable people to keep their business to themselves, and to facilitate transfers of commercial paper, it has seemed best not to require this investigation. Studies in Civics Securities -- N. securities, stocks, common stock, preferred stock, bonds, puts, calls, options, option contract, warrants, commercial paper, bearer bond, tax-exempt bond, callable bond, convertable bond†. share, stock certificate; coupon, bond coupon. liquid assets. Roget's Thesaurus of English Words and Phrases I was a broker, a dealer in money and commercial paper. The Vizier of the Two-Horned Alexander Suffice it to say, therefore, that it was war-time, and our trade was what the commercial papers call brisk. Tomaso's Fortune and Other Stories They also make collections on notes and other commercial paper and they issue foreign and domestic bills of exchange. Business Hints for Men and Women It invests your money in many different forms of credit— bonds, commercial paper, mortgages and many other kinds of loans. The Fireside Chats of Franklin Delano Roosevelt Thereafter he accepted commercial paper in payment for merchandise, and trade grew immensely. Tales of Aztlan; the Romance of a Hero of our Late Spanish-American War, Incidents of Interest from the Life of a western Pioneer and Other Tales They are not questions of negligence or of liability to parties upon commercial paper, but are those of authority solely. Forty Centuries of Ink or, a chronological narrative concerning ink and its backgrounds, introducing incidental observations and deductions, parallels of time and color phenomena, bibliography, chemistry, poetical effusions, citations, anecdotes and curiosa together with some evidence respecting the evanescent character of most inks of to-day and an epitome of chemico-legal ink. How can a bank that does not discount notes or deal in loans and commercial paper earn money? Business Hints for Men and Women There is no form of commercial paper in such general use as the check. Business Hints for Men and Women The promissory note is a most useful kind of commercial paper, and it is in general use in business. Business Hints for Men and Women The date when a commercial paper becomes due. Business Hints for Men and Women |
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