ABOUT US
PRESENTATIONS

  • ABCP: Market and Regulatory Developments
    March 27, 2024 | Materials
  • Commercial Paper, European CP and Collateralized Commercial Paper Programs
    January 31, 2024 | Materials
  • An Introduction to ECP, USCP and ABCP
    March 2023 | Materials
  • Commercial Paper Legal and Regulatory Developments (produced by PLI)
    February 23, 2023 | Materials on Euro CP and ABCP
    January 24, 2023 | Materials on US CP and ABCP
  • Everything Old is New Again: Commercial Paper Market and Regulatory Developments
    December 7, 2022 | Materials and Recording on US CP and ABCP
PUBLICATIONS
  • Market Trends 2020/21: Commercial Paper (Lexis Practice Advisor)
    This practice note provides an overview of post-financial crisis market trends in the commercial paper market which went through significant restructuring and witnessed a reduction in the use of commercial paper to securitize assets. This piece examines market structure and evolution, as well as legal and regulatory trends, and discusses crisis programs established by the Federal Reserve in response to the onset of the COVID-19 pandemic. See the 2018/19 edition here.
  • Sustainable Commercial Paper: Short-Term Paper, Long-Term Impact (Mayer Brown)
    As sustainable CP gains traction, several key questions have arisen when structuring these programmes. This piece explores the below issues in the context of broader market trends and regulatory developments:
    • How are the sustainability objectives of the Issuer best integrated into a CP programme?
    • What should Issuers disclose in the offering documentation for sustainable CP?
    • Should sustainable CP be issued under a separate programme, distinct from conventional CP?
    • What else should be considered, taking into account the recommendations of the ICMA paper and the short-term nature of CP?
COMMERCIAL PAPER AT A GLANCE