Commercial paper is a source of raising :
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Commercial Papers emerged as a source of short-term finance in India in the early nineties. As we discussed, Primary Dealers (PDs) and the All-India Financial Institutions (FIs) issue commercial papers which is an unsecured promissory note to raise funds for a short period of 90 days to 364 days.
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Commercial paper, also called CP, is a short-term debt instrument issued by companies to raise funds generally for a time period up to one year.
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