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For months Don Raymond, senior vice-president of public market investments with the Canada Pension Plan Investment Board, has been involved in a stealth operation -- buying $6-billion worth of bank-sponsored asset-backed commercial paper (ABCP) from Canada's five banks.
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www.financialpost.com/story.html?id=183939
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Recession-hit companies will be able to raise funds by selling short-term debts to the Bank of England ... Recession-hit companies will be able to raise funds by selling short-term debts known as commercial paper to the Bank of England, under plans announced today. ... Our selection of best buys...
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www.guardian.co.uk/business/2009/jul/30/commercial-pape...
www.guardian.co.uk/business/2009/jul/30/commercial-paper-bank-of-england-credit
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Commercial paper typically is sold at a discount to its face value, i.e., the investor buys the paper at less than face value and receives the face value upon maturity. (It is occasionally sold as an interest-bearing note.)
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campus.murraystate.edu/academic/faculty/larry.guin/FIN3...
campus.murraystate.edu/academic/faculty/larry.guin/FIN330/Commercial%20Paper.htm
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In its first report on progress since the scheme opened, the Bank said on Friday that it bought £340m of three-month commercial paper in the week ending Thursday February 19. To put the figure in context the total amount of three-month commercial paper in issue is about £6bn.
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www.telegraph.co.uk/finance/financetopics/recession/473...
www.telegraph.co.uk/finance/financetopics/recession/4735110/Bank-of-Englands-buys-340m-of-commercial-paper.html
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Fed's commercial-paper buys help thaw frozen credit marts; Short term? Fix looks good, with CP rates falling in first days of government purchases. Long term? Depends how much companies borrow or lend on own in tough economy.
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www.financialweek.com/apps/pbcs.dll/article?AID=/200811...
www.financialweek.com/apps/pbcs.dll/article?AID=/20081102/REG/311039974/1038/EXCLUSIVES
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Oct. 30 (Bloomberg) -- The Federal Reserve bought commercial paper valued at $145.7 billion in the first days of the program aimed at backstopping the market, indicating the central bank is generating most of this week's record gains in short-term corporate borrowing.
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www.bloomberg.com/apps/news?pid=20601087&sid=apPV2YmvrX...
www.bloomberg.com/apps/news?pid=20601087&sid=apPV2YmvrXrs&refer=home
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The Federal Reserve Board of Governors in Washington DC. ... The Federal Reserve Board on Tuesday announced the creation of the Commercial Paper Funding Facility (CPFF), a facility that will complement the Federal Reserve's existing credit facilities to help provide liquidity to term funding markets.
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www.federalreserve.gov/newsevents/press/monetary/200810...
www.federalreserve.gov/newsevents/press/monetary/20081007c.htm
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Opening up another front in the battle to end the credit crunch, the Federal Reserve plans to begin buying unsecured commercial paper. The aim is to restart a market that has ground to a virtual halt in recent weeks over concern about the financial sector. ... Today's move was aimed at the commercial paper market.
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www.marketwatch.com/news/story/fed-buy-commercial-paper...
www.marketwatch.com/news/story/fed-buy-commercial-paper-ease/story.aspx?guid=%7B596F400F-0538-4BFF-9F59-23FF766D98DC%7D&dist=msr_8
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Oct 9, 2009 ... LONDON, Oct 9 (Reuters) - The Bank of England said on Friday it bought 80 million pounds ($129 million) of commercial paper in the week to ...
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uk.reuters.com/article/idUKLAJ00226120091009
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