The commercial paper market: Who's minding the shop?

Regional Economist;  April 1, 1998 ;   Stojanovic, Dusan; Vaughan, Mark D;   787 words ......markets by defaulting on $17 million in commercial paper. By the end of February, the amount...60 percent of Mercury's outstanding commercial paper and 30 percent of its outstanding...perhaps on the scale of the $82 million commercial paper default by Penn Central Railroad some...

Commercial paper rating models.

Quarterly Journal of Business and Economics;  September 22, 1990 ;   Chandy, P.R. Duett, Edwin H.;   787 words ...Commercial Paper Rating Models Abstract This paper extends previous work in the area of commercial paper rating models using data for the years 1985 and 1986 and the ratings of commercial paper by Standard & Poor's and Moody's. MDA, LOGIT...

Commercial paper: friend or foe? (Cover Story)

ABA Banking Journal;  December 1, 1992 ;   Cocheo, Steve;   787 words ......years, the story often begins with commercial paper. The saga of how large, highly rated...is well known. The growth in use of commercial paper--short-term corporate IOUs-- reshaped...some banks came to play a role in commercial paper, ranging from privately placing some...

Commercial paper market suffering.(Business)

The Virginian Pilot;  August 17, 2007 ;     406 words ......emerging but serious troubles in the commercial paper market, which thousands of companies...companies such as Countrywide raise money. Commercial paper is a broad term that refers to bonds...time, often 30 days. About half of commercial paper is secured by collateral such as ...

Why has the nonfinancial commercial paper market shrunk recently?(Industry...

Economic Review (Kansas City);  January 1, 2003 ;   Shen, Pu;   787 words ......volume of nonfinancial commercial paper outstanding peaked in the...the past, the volume of commercial paper outstanding tended to increase...early stages of recessions. Commercial paper is an important source...

Banks: The backbone of the commercial paper market

Regional Economist;  January 1, 1996 ;   Anonymous;   517 words ...The commercial paper market offers a good example of...adverse selection problems.(1) Commercial paper is an unsecured, short-term promissory...firms, obtaining financing with commercial paper is often cheaper than bank loans...

Taming commercial paper tigersAROUND THE MARKETS

International Herald Tribune;  June 25, 2002 ;   Mitchell Martin;   467 words ......happening now in Europe is via commercial paper, which cuts out the banks...people lend money to companies. Commercial paper is the shortest maturity in...enough credit rating can use commercial paper instead of short-term bank...

Market looks to Fed as commercial paper falls; Rate cut at Sept. 18...

Pensions & Investments;  September 17, 2007 ;   Clary, Isabelle;   787 words ...Byline: Isabelle Clary As outstanding commercial paper experienced its greatest monthly drop...funds rate by 50 basis points. The commercial paper market remains under pressure,'' said...enough, could make matters worse for commercial paper because it would be such a disappointment...

Chinked armour. (yen commercial paper market)

The Economist (US);  December 10, 1988 ;     618 words ......can compete head-to-head: the yen commercial-paper market. The market, which opened in...stranglehold on short-term financing. Commercial paper is a kind of securitised over-draft...flourished. By the end of October, commercial paper in circulation was worth nearly 8...

Eastman to issue commercial paper over Internet.

M2 Presswire;  April 3, 2001 ;     343 words ......2001-EASTMAN CHEMICAL: Eastman to issue commercial paper over Internet (C)1994-2001 M2 COMMUNICATIONS...today announced it is now issuing commercial paper through the Internet-based platform...is the first non-direct issuer of commercial paper to use the platform. In addition to...

Europe: Commercial paper model launched

Global Finance;  October 1, 2002 ;   Platt, Gordon;   237 words ......introduced the first model global commercial paper dealer agreement at a workshop in...make access to both the US and euro commercial paper markets much more accessible for borrowers...Committee, which represents the euro commercial paper dealers who are members of the association...

S&P Lowers Apex Funding Commercial Paper Rating, Off Watch.

PR Newswire;  November 4, 1998 ;     234 words ......Standard & Poor's today lowered its commercial paper on Apex Funding Corp. to 'A-2' from...Standard & Poor's affirmed its 'A-1' commercial paper rating on Broadway Capital Corp. The...creates a rating dependency for the commercial paper conduit. Broadway Capital's ...

DCR Reaffirms Its Commercial Paper Rating of 'D-1' for EagleFunding...

PR Newswire;  January 28, 1999 ;     201 words ......D-One) rating on the asset-backed commercial paper notes issued by EagleFunding Capital...placement agent for EagleFunding's commercial paper program. EagleFunding is an asset-backed commercial paper conduit administered by BancBoston...

USL CAPITAL 'F-1' COMMERCIAL PAPER RATING AFFIRMED BY FITCH -- FITCH...

PR Newswire;  May 23, 1996 ;     196 words ......PRNewswire/ -- USL Capital Corp.'s 'F-1' commercial paper is affirmed following the company...scheduled to close by July 31, 1996. Commercial paper outstandings at May 23, 1996 were...sale will be used to pay down USL's commercial paper. Fitch's affirmation reflects USL...

New S&P Index Measures Performance of the U.S. Commercial Paper Market.

PR Newswire;  October 1, 2008 ;     499 words ......announced today the launch of the S&P U.S. Commercial Paper Index, a broad based index designed...for a benchmark representing the U.S. commercial paper market. The S&P U.S. Commercial Paper Index, part of Standard & Poor's family...