commerical paper

简明释义

商业票据

英英释义

例句

1.Due to favorable conditions, the firm decided to increase its issuance of commercial paper.

由于有利条件，公司决定增加其商业票据的发行量。

2.Investors often consider commercial paper as a low-risk investment option.

投资者通常将商业票据视为低风险投资选项。

3.Many large companies rely on commercial paper to manage their working capital needs.

许多大型公司依赖商业票据来管理其营运资金需求。

4.The commercial paper market is a vital source of short-term financing for corporations.

商业票据市场是企业短期融资的重要来源。

5.The company issued commercial paper to raise funds for its new project.

公司发行了商业票据以筹集新项目的资金。

作文

In the world of finance, understanding various instruments is crucial for both investors and businesses. One such instrument that plays a significant role in short-term funding is commercial paper. 商业票据 is an unsecured, short-term debt instrument issued by corporations to finance their immediate cash flow needs. It typically has maturities ranging from a few days to up to nine months, making it a popular choice for companies looking to manage their liquidity efficiently.The primary purpose of commercial paper is to provide a quick source of funds for companies without having to go through the lengthy process of securing a bank loan. This makes it particularly useful for businesses that need to cover short-term liabilities such as payroll, inventory purchases, or other operational expenses. By issuing commercial paper, companies can tap into the capital markets and raise funds quickly, often at lower interest rates compared to traditional bank loans.Investors typically purchase commercial paper because it offers a higher yield than government securities with similar maturities. However, it is important to note that commercial paper is not backed by any collateral, which means that it carries a higher risk compared to secured debt instruments. Therefore, only companies with high credit ratings are usually able to issue commercial paper successfully. Investors must carefully assess the creditworthiness of the issuer before investing in these instruments.The market for commercial paper is quite large and liquid, with many corporations participating in this funding mechanism. The issuance of commercial paper is typically done through a dealer network, where investment banks and financial institutions help corporations place their debt with investors. This process allows for a more efficient allocation of capital in the economy, as funds can be directed to businesses that require immediate financing.Moreover, during times of economic uncertainty, the commercial paper market can experience volatility. For instance, during the financial crisis of 2008, many companies faced difficulties in rolling over their commercial paper due to a lack of investor confidence. This situation led to a freeze in the commercial paper market, prompting the Federal Reserve to intervene and support the market to ensure liquidity for businesses.In conclusion, commercial paper serves as a vital financial tool for corporations seeking short-term funding solutions. Its ability to provide quick access to capital while offering attractive yields for investors makes it an essential component of the financial landscape. However, both issuers and investors must remain vigilant about the risks associated with commercial paper, particularly in fluctuating economic conditions. By understanding how commercial paper works and its implications in the broader financial system, stakeholders can make informed decisions that align with their financial goals.

在金融世界中，理解各种工具对于投资者和企业来说至关重要。其中一个在短期融资中发挥重要作用的工具是商业票据。商业票据是企业发行的一种无担保短期债务工具，用于融资其即时现金流需求。它的到期时间通常从几天到九个月不等，因此成为企业有效管理流动性的热门选择。商业票据的主要目的是为企业提供快速的资金来源，而无需经历获得银行贷款的漫长过程。这使得它对需要支付短期负债的企业尤为有用，例如工资、库存采购或其他运营费用。通过发行商业票据，公司可以快速进入资本市场筹集资金，通常比传统银行贷款的利率更低。投资者通常购买商业票据，因为它提供的收益率高于相似到期的政府证券。然而，需要注意的是，商业票据没有任何抵押品支持，这意味着它与有担保的债务工具相比，风险更高。因此，只有信用评级较高的公司才能成功发行商业票据。投资者必须在投资这些工具之前仔细评估发行人的信用worthiness。商业票据市场相当庞大且流动性强，许多公司参与这一融资机制。商业票据的发行通常通过经销商网络进行，投资银行和金融机构帮助企业将其债务放置给投资者。这一过程使得资本在经济中更有效地配置，因为资金可以被引导到需要立即融资的企业。此外，在经济不确定时期，商业票据市场可能会经历波动。例如，在2008年的金融危机期间，许多公司在续借其商业票据时面临困难，因为缺乏投资者信心。这种情况导致商业票据市场冻结，促使美联储介入以支持市场，确保企业的流动性。总之，商业票据作为企业寻求短期融资解决方案的重要金融工具。它能够快速获得资本，同时为投资者提供吸引人的收益，使其成为金融格局中的一个重要组成部分。然而，发行人和投资者必须对与商业票据相关的风险保持警惕，特别是在经济条件波动时。通过理解商业票据的运作方式及其在更广泛金融体系中的影响，利益相关者可以做出符合其财务目标的明智决策。