commercial paper

简明释义

商业本票

英英释义

例句

1.The company issued commercial paper to finance its short-term operational needs.

该公司发行了商业票据以融资其短期运营需求。

2.A good credit rating is essential for issuing commercial paper successfully.

良好的信用评级对于成功发行商业票据至关重要。

3.Investors often purchase commercial paper because it offers a higher return than treasury bills.

投资者通常购买商业票据，因为它提供的回报高于国库券。

4.The corporation's commercial paper program allows it to raise funds quickly.

该公司的商业票据计划使其能够快速筹集资金。

5.The firm relies on commercial paper for quick liquidity during uncertain financial periods.

该公司在不确定的财务时期依赖商业票据来获得快速流动性。

作文

In the world of finance and business, understanding various financial instruments is crucial for both investors and companies. One such instrument is commercial paper, which plays a significant role in short-term financing. 商业票据 is an unsecured, short-term debt instrument issued by corporations to raise funds quickly. This financial tool is typically used to cover immediate expenses such as payroll, inventory purchases, or other short-term liabilities. The maturity period for commercial paper usually ranges from a few days to up to 270 days, making it an attractive option for companies looking for quick liquidity without the need to resort to traditional bank loans. 商业票据是企业为迅速筹集资金而发行的一种无担保的短期债务工具。\n\nThe process of issuing commercial paper begins when a company determines its funding needs. After deciding the amount required, the company will approach a dealer or an investment bank that specializes in this type of financial instrument. The dealer helps the company to structure the commercial paper offering and find potential investors. These investors are typically institutional investors such as mutual funds, insurance companies, and pension funds, who are looking for short-term investment opportunities with relatively low risk. 商业票据的发行过程始于公司确定其融资需求。\n\nOne of the key benefits of using commercial paper is the lower cost of borrowing compared to traditional loans. Since commercial paper is issued at a discount to its face value, the effective interest rate is often lower than what banks would charge for a similar term loan. Furthermore, because it is a short-term instrument, companies can manage their cash flow more effectively and avoid long-term debt commitments. However, it is essential to note that commercial paper is not suitable for all companies. Only firms with strong credit ratings are able to issue commercial paper successfully, as investors need assurance that the issuer will be able to repay the debt upon maturity. 由于商业票据是一种短期工具，公司可以更有效地管理现金流，避免长期债务承诺。\n\nAnother important aspect of commercial paper is its role in the money market. It serves as a vital source of liquidity for companies and helps maintain the stability of the financial system. During times of economic uncertainty, the demand for commercial paper may fluctuate significantly. For instance, during a financial crisis, companies may find it challenging to issue commercial paper as investors become more risk-averse. This can lead to a tightening of credit conditions and may impact businesses' ability to finance their operations. Therefore, understanding the dynamics of commercial paper is essential for both issuers and investors alike. 这对于公司和投资者来说都是至关重要的。\n\nIn conclusion, commercial paper is a vital financial instrument that enables companies to meet their short-term funding needs efficiently. By understanding how commercial paper works, businesses can leverage this tool to enhance their liquidity and manage their financial obligations. Investors, on the other hand, can benefit from the relatively low-risk profile of commercial paper as part of their investment strategy. Overall, the significance of commercial paper in the financial landscape cannot be overstated, as it serves as a barometer for corporate credit health and market liquidity. 总之，商业票据是一个重要的金融工具，使公司能够有效地满足其短期融资需求。