Commercial Paper (CP) is an unsecured and discounted promissory note issued to finance the short-term credit needs of large institutional buyers. CPs are currently traded in OTC market settled through clearing corporatio
CS Professional · Banking - Law & Practice · PYQS · December 2023
Commercial Paper (CP) is an unsecured and discounted promissory note issued to finance the short-term credit needs of large institutional buyers. CPs are currently traded in OTC market settled through clearing corporations. Further, SEBI has issued a Circular on 22nd October, 2019 providing for the framework for listing of CPs for trading in Stock Exchanges in order to enhance the investor participation which will in turn help the issuers to cope up with their short-term fund requirements. In this connection, explain the various applicable laws governing Issue of Commercial Papers by NBFCs/Corporates in India.
Topics: Commercial Papers
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