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Hey Lady
Commercial paper is nothing but a unsecured promisary note - there is no collateral involved.
only the companies with very best credit rating manage to sell their commercial paper.
it is like a Fixed deposit - it earns interest and is for max 270 days in the USA - however if the issuer goes bankrupt before the maturity - God save the purchaser of the commercial paper - It automatically become toilet paper ;)...
In reply to:
Commercial Paper, Exactly what does it mean?
Posted by :
radhika_nandlal
Hey guys,
Whats the meaning of commerical paper funding??.. can someone explain from ABC... whatever is this paper. .LOL LOL
Quote from yahoo finance today
Dow Futures rebound on news that the Federal Reserve created a commercial paper funding facility, where it will buy three-month commercial paper. It is meant to provide a liquidity backstop, as the commercial paper market has been strained.
Unquote
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Hey guys,
Whats the meaning of commerical paper funding??.. can someone explain from ABC... whatever is this paper. .LOL LOL
Quote from yahoo finance today
Dow Futures rebound on news that the Federal Reserve created a commercial paper funding facility, where it will buy three-month commercial paper. It is meant to provide a liquidity backstop, as the commercial paper market has been strained.
Unquote
...
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When the White House brought out its $700 billion rescue plan two weeks ago, its sheer size was meant to soothe the global financial system, restoring trust and confidence. Three days after the plan was approved, it looks like a pebble tossed into a churning sea.
The crisis that began as a made-in-America subprime lending problem and radiated across the world is now circling back home, where it pummeled stock and credit markets on Monday.
While the Bush administration’s bailout package offers help to foreign banks, it seems to have done little to reassure investors, particularly in Europe, where banks are failing and countries are racing to stave off panicky withdrawals after first playing down the depth of the crisis.
Far from being the cure for the world’s ills, economists said, the rescue plan might end up being a stopgap for the United States alone. With Europe showing few signs of developing a coordinated response to the crisis, there is very little on the horizon to calm rattled investors.
The vertiginous drop in stock markets on both sides of the Atlantic on Monday reflected not only those fears, experts said, but also a growing belief that the crisis could tip the world into a global recession.
Indeed, the ripple effects from Europe and the United States were amplified as they spread to stock markets in Russia, Brazil, Indonesia and the Middle East.
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NSE Block Deal Global Tele-System 382021 Shares At 153.65 ...
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Buy Kotak bank tgt 515...
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European governments struggled to find a coordinated response to the crisis sweeping financial markets on Monday, as one country after another announced sweeping deposit guarantees on their own to try and shore up their banks. Stock markets plunged.
Iceland joined Denmark in becoming the latest countries to declare a deposit guarantee on Monday after a startling announcement by German Chancellor Angela Merkel that her government would guarantee all private bank savings and CDs held in the euro zone\`s single largest economy. \"We want to tell people that their savings are safe,\" she said.
Failing confidence in the financial system, undermined by a series of bank bailouts, was forcing officials hands, analysts said, since a failure to match the guarantees of varying clarity by Ireland, France, Greece, and Sweden could risk a massive funds outflow from their countries\` coffers.
Yet the cascading guarantees themselves raised questions about their potential impact on government finances, and showed that European governments were still unable to find on a unified approach despite a weekend summit where they agreed to do just that.
\"Governments have no choice but to give the guarantees on deposits, otherwise we will see runs on banks and a complete loss of business and consumer confidence,\" said Neil Mackinnon, chief economist at ECU Group.
-T H News-
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INDIA-RELATED
* RBI cuts CRR 50 bps to 8.50% effective Saturday (CNN)
* SEBI removes restrictions on derivative-based P-notes (CNN)
* RBI Deputy Governor Gopinath says CRR cut for liquidity management (CNN)
* Andhra Pradesh offers free land to Tata Motors for Nano plant (CNN)
* Tatas keep Vilasrao, Modi on tenterhooks on new Nano site (ToI)
* RIL counsel flays RNRL for not providing brothers\` MoU in gas case (CNN)
* ITC to use wind energy for packaging ops; move to help cut costs (CNN)
* India Apr-Sep direct tax mop-up 1.47 trln rupees, up 33% on year (CNN)
* India Aug 1st yr life insurance premium dn 22% on yr; LIC dn 41%
* Head says ONGC finds uranium traces in wells located in 3 states (CNN)
* MMTC, STC float tender to import up to 36,000 tn RBD palmolein Oct-Nov
* Stock mkt plunge takes toll on STT; Sep mop-up down 38% on year
* Cabinet likely to announce paddy procurement bonus this week
* Regulatory norms, US crisis may hit Indian drug R&D (BS)
* RIL, NTPC ready for out-of-court settlement (BS)
* ACC likely to set up hydropower plants (BS)
* SpiceJet to return 3 aircraft by year-end (BS)
* PE firms may invest $300 mn in MetroCorp (BS)
* Rio, Orissa firm in talks to settle mining dispute (BS)
* Nano engineers to move out from next week (BS)
* Alkali Metals IPO opens today (BS)
* Hind Motors sheds workers with CITU backing (BS)
* COAI slams DoT over number portability (ET)
* Nomura to buy Lehman\`s back office operations in India (ET)
* New authority for civilian nuclear facilities (FC)
FROM OVERSEAS
* Indian origin scientist, economist take charge of US bailout (IE)
* Markets routed in global sell-off (var)
* Fuld says Lehman victim of short-sellers (FT)
* Citi and Wachovia in legal truce (FT)
* EU resists plan for bailout fund (FT)
* Bank of America to raise $10 bln in capital (FT)
* Fed to hold CDS clearance talks (FT)
* AIG\`s complexity blamed for fall (FT)
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Market Recap: Dow Loses 806 Points, Battles Back - Still Loses 370 Points
_____________________________________
It just seems that the market cannot get the hang of Mondays. If you recall, last Monday brought about a 778-point drop - and at the market`s worst, today wasn`t any better. U.S. stock futures were pointed significantly lower as the opening bell approached, as investors across the globe were concerned over the world`s economic health. Europe failed to come up with its own bailout plan to rescue financials, leading to international stocks plunging. Elsewhere, a little tug-of-war was developing between Citigroup (C) and Wells Fargo (WFC) over Wachovia (WB). With no economic news on the slate, investors focused on the ever-dropping market. At the lowest point, the Dow Jones Industrial Average dropped 806 points, and was trading well below the 10,000 level. A bout of bargain-hunting took place in the final hour, helping to limit the market`s drop. That said, the Dow still closed substantially lower, finishing below 10,000 for the first time in 4 years.
At first, it seemed as if the Dow Jones Industrial Average (DJIA – 9,955.5) would defy odds and gravity by closing atop the 10,000 level. That was not the case. The Dow finished the day with a loss of 369.9 points, well off its intraday nadir of 9,525.3, but below 10,000, as well. All 30 of the blue chip components slipped, with Chevron (CVX), Procter & Gamble (PG), and Boeing (BA) leading the way.
The S&P 500 Index (SPX – 1,056.89) dropped, as well, shedding 3.85%. The SPX`s intraday low checked in at 1,007.97, territory not seen since October 2003. The Nasdaq Composite (COMP – 1,863.0) fell more than 84 points on the day, logging the largest percentage drop at 4.34%.
Turning to equities in focus, Genentech (DNA) and OSI Pharmaceuticals (OSIP) announced that a Phase III Trial for Avastin combined with Tarceva did not meet its primary endpoint ... Crocs (CROX) announced plans to sell its Foam Creations business unit ... EMC Corp. (EMC) fell to a 2-year low following a price-target cut ... VMware (VMW) was downgraded by Wachovia ... Ambac Financial (ABK) fell, despite heavy call activity on Friday ... and today`s Quote of the Day is given to us by the wonderful world of college football commentators. Rod Gilmore noted to his play-by-play partner, Joe Tessitore, that the alternating blue and orange colors in the Boise State student section, "makes me happy." Tessitore responded:
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SEBI and Finance Ministry have contributed heavily for the recent market turmoil.firstly finance minister raised the short term capital gain tax and then the SEBI imposed ban regarding the p-notes have played havoc in the indian stock markets.the growth story of indian economy is still intact but the decisions by the policy makers in favour of the bears are the main reasons for the present chaotic market conditons....
In reply to:
Sebi revises P-notes norms, scraps ODI restrictions
Posted by : MMB Messenger
CB Bhave, Chairman, Securities and Exchange Board of India (SEBI), said norms on participatory notes have been revised and the limit on overseas-derivative instruments (ODIs) in both cash and derivates will be removed. “The 40% cap on assets under custody in cash market will be removed,” he said.
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SEBI revised P-Notes norms & removed cap on ODI`s in Derivatives frm pr.40% for Fii & their sub accounts,cap imposed lst oct`2007 last year, P-notes news +ve for mrkt as predicted by us, we may see gap up opening tomm Nifty 100 pts gap up possible if no new bad news comes from US ...
In reply to:
Sebi revises P-notes norms, scraps ODI restrictions
Posted by : MMB Messenger
CB Bhave, Chairman, Securities and Exchange Board of India (SEBI), said norms on participatory notes have been revised and the limit on overseas-derivative instruments (ODIs) in both cash and derivates will be removed. “The 40% cap on assets under custody in cash market will be removed,” he said.
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Is SEBI trying to manipulate the market?...
In reply to:
Sebi revises P-notes norms, scraps ODI restrictions
Posted by : MMB Messenger
CB Bhave, Chairman, Securities and Exchange Board of India (SEBI), said norms on participatory notes have been revised and the limit on overseas-derivative instruments (ODIs) in both cash and derivates will be removed. “The 40% cap on assets under custody in cash market will be removed,” he said.
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It\\\\`s Good News For mkt....? or just for short terms ki khusi.............
In reply to:
Sebi revises P-notes norms, scraps ODI restrictions
Posted by : MMB Messenger
CB Bhave, Chairman, Securities and Exchange Board of India (SEBI), said norms on participatory notes have been revised and the limit on overseas-derivative instruments (ODIs) in both cash and derivates will be removed. “The 40% cap on assets under custody in cash market will be removed,” he said.
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CB Bhave, Chairman, Securities and Exchange Board of India (SEBI), said norms on participatory notes have been revised and the limit on overseas-derivative instruments (ODIs) in both cash and derivates will be removed. “The 40% cap on assets under custody in cash market will be removed,” he said....
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Shares of exporters, after a hectic weekend in Europe as the financial crisis gathered steam there, knocking the euro to the lowest in a year.
The BSE Mid-Cap index was down 6.47% at 4,375.04. Monnet Ispat (down 29.54% at Rs 298.35), S.Kumars Nationwide (down 25.90% at Rs 28.75), Spice Communications (down 21.45% at Rs 52), ICSA India (down 20.30% at Rs 174), and Great Offshore (down 16.45% at Rs 399), plunged.
The Small-Cap index was down 6.10% at Rs 5,132.22. Deep Industries (down 20% at Rs 69.70), XL Telecom & Energy (down 20% at Rs 102.35), Vakrangee Softwares (down 19.15% at Rs 107.85), Prajay Engineers Syndicate (down 17.41% at Rs 27.75), and Seamec (down 17.09% at Rs 77.85), slumped.
The BSE Mid-Cap index had underperformed the market over the past one month till 3 October 2008, falling 19.86% compared to the Sensex\`s 16.77% fall. It had also underperformed the market in the past one quarter, falling 9.38% compared to Sensex\`s 4.34% decline.
The BSE Small-Cap index had underperformed the market over the past one month till 3 October 2008, falling 21.73% compared to the Sensex\`s 16.77% fall. It had also underperformed the market in the past one quarter, falling 13.92% compared to Sensex\`s 4.34% decline.
-CM courtesy -
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BNP Paribas acquires Fortis operations for 14.5 bn euro...
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