Eurocommercial Paper

An unsecured, short-term loan issued by a bank or corporation in the international money market, denominated in a currency that differs from the corporation's domestic currency.

For example, if a U.S. corporation issues a short-term bond denominated in Canadian dollars to finance its inventory through the international money market, it has issued eurocommercial paper.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Eurocommercial paper — /ˌjυərəυtkəˌm :ʃ(ə)l peɪpə/ noun a form of short term borrowing in eurocurrencies. Abbreviation ECP …   Dictionary of banking and finance

  • Swingline facility — Bank borrowing facility to provide finance while the firm replaces U.S. commercial paper with eurocommercial paper. The New York Times Financial Glossary …   Financial and business terms

  • swingline facility — Bank borrowing facility to provide finance while the firm replaces US commercial paper with eurocommercial paper. Bloomberg Financial Dictionary …   Financial and business terms

  • Euromarket —   The Euromarket is an international capital market which, until recently, was concerned mainly with raising debt rather than equity capital. The term Euro is an historical one, denoting the issue of a security in a currency other than that of… …   International financial encyclopaedia

  • НЕГАРАНТИРОВАННЫЕ — (non underwritten) Негарантированная евронота (euronote); подобные ценные бумаги представляют из себя форму еврокоммерческого векселя (eurocommercial paper). Финансы. Толковый словарь. 2 е изд. М.: ИНФРА М , Издательство Весь Мир . Брайен Батлер …   Финансовый словарь

  • ЕВРОКОММЕРЧЕСКИЕ ВЕКСЕЛЯ — (non underwritten) Негарантированная евронота (euronote); подобные ценные бумаги представляют из себя форму еврокоммерческого векселя (eurocommercial paper). Финансы. Толковый словарь. 2 е изд. М.: ИНФРА М , Издательство Весь Мир . Брайен Батлер …   Финансовый словарь

  • ECP —   Refer instead to Eurocommercial Paper.   Refer instead to Electronic Cheque Presentation …   International financial encyclopaedia

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