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Definition of Euro-commercial paper
Short-term notes with maturities up to 360 days that are issued by companies in
Demand for payment.
Short-term unsecured promissory notes issued by a corporation. The maturity of
The risk that a foreign debtor will be unable to pay its debts because of business events,
A eurobond that can be converted into another asset, often through exercise of
commercial paper sold directly by the issuer to investors.
CDs issued by a U.S. bank branch or foreign bank located outside the U.S. Almost all euro CDs
Lines of credit granted by banks (foreign or foreign branches of U.S. banks) for eurocurrencies.
A fixed-rate coupon eurobond.
A bank that regularly accepts foreign currency denominated deposits and makes foreign currency loans.
A bond that is (1) underwritten by an international syndicate, (2) offered at issuance
One of two principal clearing systems in the eurobond market. It began operations in 1968, is
Intermediate-term loans of eurocurrencies made by banking syndicates to corporate and
A short-term fixed rate time deposit denominated in a currency other than the local
The money market for borrowing and lending currencies that are held in the form of
This is an American dollar that has been deposited in a european bank or an U.S. bank branch
eurobonds denominated in U.S.dollars.
Securities sold in the euromarket. That is, securities initially sold to investors
European Currency Unit (ECU)
An index of foreign exchange consisting of about 10 european currencies,
European Monetary System (EMS)
An exchange arrangement formed in 1979 that involves the currencies
Option that may be exercised only at the expiration date. Related: american option.
European Union (EU)
An economic association of european countries founded by the Treaty of Rome in
An option contract that can only be exercised on the expiration date.
eurobonds denominated in Japanese yen.
Euro-medium term note (Euro-MTN)
A non-underwritten euronote issued directly to the market. euro-
Short- to medium-term debt instrument sold in the eurocurrency market.
Money market instruments, commercial paper and other.
Paper gain (loss)
Unrealized capital gain (loss) on securities held in portfolio, based on a comparison of
CDs purchased by accounts that are likely to resell them. The term is commonly used in the euromarket.
A debt security issued in a market other than the home market of
European Union (EU)
an economic alliance originally created
An option that can be exercised only on its expiration date.
Short-term unsecured notes issued by firms.
Bond that is marketed internationally.
Dollars held on deposit in a bank outside the United States.
A privately owned, profit-seeking firm that accepts deposits and makes loans.
Deposits denominated in U.S. dollars but held in banks located outside the United States, such as in Canada or France.
A loan made on real estate collateral, other than a residential property, in which a mortgage is given to secure payment of principal and interest.
Commercial Business Loan (Credit Insurance)
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
Bank borrowing facility to provide finance while the firm replaces U.S. commercial paper
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