Euronote Vs. Eurocommercial paper
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What is the difference between the Euronote market and the Eurocommercial paper market?
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Explains the difference between the Euronote market and the Eurocommercial paper market (238 words)
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Eurocommercial paper (ECP) is a short-term unsecured promissory note with maturity ranging from one to six months. The ECPs may be issued by corporations or banks and sold to the investors through a dealer. These are sold at a discount from face value; i.e. the return on these are the difference between the market price and face value.
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