Commercial Paper (CP)
Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note which was introduced in the year 1990 with a view to enable highly rated corporate borrowers to diversify their sources of short-term borrowings and to provide an additional instrument to investors. CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue. CP are usually issued at a discount from face value and reflects prevailing market interest rates.

Checklist for Listing of Commercial Paper (CP)

FAQs for Listing of Commercial Paper

Securities and Exchange Board of India has issued circular dated October 22, 2019 for the Issuers who intend to list their Commercial Paper on the Stock Exchanges.

SEBI Circulars Date of circular Download
Framework for listing of Commercial Paper-Amendments December 24, 2019
Framework for listing of Commercial Paper October 22, 2019

Exchange Circulars Date of circular Download
Listing of Commercial Paper (CP) on BSE November 26, 2019
Listing of Outstanding Commercial Paper December 24, 2019
Online Portal for submission of various filings by Commercial Paper Issuers on BSE December 27, 2019
Guidelines on Framework for listing of Commercial Paper Decemebr 26, 2019
Clarification on timelines for disclosures and listing of Commercial Paper January 01, 2020