【学习笔记】International Finance 国际金融论研究 学习笔记-44

Part II

International Financial Markets -7

Ch11 -7

InternationalMoney Market

Eurocommercial Paper

       1.    EurocommercialPapersareunsecured short-term promissory notes issued by corporations and banks.

        2.    Maturities typically range from one month to six months.

        3.    Eurocommercial paper, while typically U.S. dollardenominated, is often of lower quality than U.S. commercial paper—as a resultyields are higher