What is the difference between the Euronote market and the Eurocommercial paper market?© BrainMass Inc. brainmass.com October 1, 2020, 9:43 pm ad1c9bdddf
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.
Explains the difference between the Euronote market and the Eurocommercial paper market (238 words)