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The world's local bank
The world's local bank
Commercial paper is a short term unsecured promissory note issued by financial and non-financial corporations. Commercial paper is most commonly issued at a discount to face value but on short maturities may trade in interest bearing form.
Key Features & Benefits:
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Discounted instrument
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Issued in bearer form
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Flexibility – negotiable instrument
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Generally a secondary market exists which allows investors to sell at prevailing market rates prior to maturity
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Range of maturities (dependant on borrowing company’s needs)
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Available in CAD and USD
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Minimum amount $100,000.00
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Competitive yield
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Investment grade ratings are available
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Can only be purchased by qualified investors
