USCP And British Banks Flashcards
1
Q
Who can Uscp be issued by?
A
Directly by the issuer (20 per cent) (major corporations and Financial institutions)
Or
Through a recognised dealer (80 per cent)
2
Q
Significant development in the Uscp market over the past 2 decades…
A
Total outstanding paper by such issuers approx 200 billion dollars (12 per cent)
3
Q
Main reasons why a British bank would enter the Uscp market…
A
To broaden source of funds
Obtain a cheaper source of dollar financing than the Eurodollar market
Provides another option for funding of a dollar loan book other than the eurocurrency market
