Commercial Paper: The basics
ICMA, together with members of the ICMA Commercial Paper (and Certificates of Deposit) Committee, have produced this series of podcasts as a set of building blocks to explain what commercial paper is. Whether you are new to the topic, looking for a practical refresher or to deepen your understanding, this series provides a solid foundation in one of the world's most important short-term financing markets and how it works in practice.
In this episode, we explore the fundamentals of the commercial paper market: what it is, its key features and how it is used by issuers. We discuss the different markets, the motivations of issuers and investors, how commercial paper compares with other sources of funding, and the main structural features that underpin the market.
Speakers:
- Katie Kelly, Senior Director, Market Practice and Regulatory Policy, ICMA
- Claudia Pieroni, Finance & Control, Finance & Investor Relations, Ferrovie Dello Stato Italiane
- Josh Huddlestone, Prudential Liquidity Management - Money Markets, Repo and FX Desk, Lloyds
- Geeta Sharma, Director, Portfolio Management, BlackRock
- George MacKenzie, Director, Rabobank
