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Terms Beginning with C
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Commercial Paper Rate

Financial Term

Interest rate paid for unsecured, unregistered promise to repay borrowed funds in a specified period ranging from overnight to 270 days.

Money market yield = ( (D x 360) / (360 – (D x M)) ) x 100
where “D” refers to the applicable annual rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the interest period for which interest is being calculated.

Financials

   
     

Commercial Paper Rate

Financial Term

Interest rate paid for unsecured, unregistered promise to repay borrowed funds in a specified period ranging from overnight to 270 days.

Money market yield = ( (D x 360) / (360 – (D x M)) ) x 100
where “D” refers to the applicable annual rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the interest period for which interest is being calculated.

Financials

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