Talk:Commercial paper
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[edit] Obsolete instrument?
A lot of this article describes corporate CP which was traditionally what was meant by "CP" but more of the CP issued today is asset-backed, issued out of special-purpose vehicles backed by various financial assets, such as receivables, longer-term investment securities, etc. I don't know exactly how to bring this article more current. McTavidge 21:58, 2 April 2007 (UTC)
Commercial Paper is largely an obsolete form of financing. As you note above most corporate issues are asset-backed securities and instruments. Commercial paper has been out of fashion since at least the late 1990's. It was big for most of the 20th century, but tailed off as financial instruments required complex leveraging... Stevenmitchell 08:36, 4 April 2007 (UTC)
Agreed -- it's becoming obsolete as a way of corporations financing their operations, but as an asset class it's huge, it's just mostly asset-backed. McTavidge 03:34, 6 April 2007 (UTC)