Tag: FIMMDA Guidelines

What is Commercial Paper ?

What is Commercial Paper? – CP is essentially an unsecured money market instrument issued in the form of a promissory note . It was formally introduced in Indian market in 1990 with the stated intent to enable “highly rated corporate borrowers to diversify their sources of short-term borrowings and also provide an additional financial instrument to investors”. Reserve Bank of India Act, 1934 gives RBI the authority to regulate all the money market instruments in India. RBI over the past […]

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