https://www.taxtmi.com/article/detailed?id=468 Master guidelines regulate Commercial Paper issuance: CPs are unsecured, privately placed promissory notes issued in prescribed denominations with maturities between seven days and one year, requiring a minimum short term credit rating and issuer eligibility by net worth and working capital sanction. Issuers must limit aggregate CP to board approved or rating indicated quantum, appoint a scheduled bank as Issuing and Paying Agent to verify documents and report issues to the Reserve Bank, and follow prescribed payment, redemption and default reporting procedures. Stand by credit enhancement is optional but subject to disclosure and credit quality conditions. en-us Sun, 23 Aug 2009 00:00:00 +0530 Thu, 10 Dec 2009 19:00:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=468 Master guidelines regulate Commercial Paper issuance: CPs are unsecured, privately placed promissory notes issued in prescribed denominations with maturities between seven days and one year, requiring a minimum short term credit rating and issuer eligibility by net worth and working capital sanction. Issuers must limit aggregate CP to board approved or rating indicated quantum, appoint a scheduled bank as Issuing and Paying Agent to verify documents and report issues to the Reserve Bank, and follow prescribed payment, redemption and default reporting procedures. Stand by credit enhancement is optional but subject to disclosure and credit quality conditions. Articles Other Topics Sun, 23 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=468