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Commercial Paper and Certificate of Deposit – Quiz

Commercial paper and Certificate of deposit

Commercial Papers and Certificate of Deposit both are players of money market. These instruments are issued in accordance with guidelines issued by Reserve Bank of India. Both rest in same segment but carry different features. The features of these instruments makes them alike. However both instruments are meant for short term investments.These instruments are generally issued in form of Promisory Note.Investor of these instruments can be a company, Corporate, etc. even a NRI but with conditions imposed by RBI. The way in which they provide return to investor is different. Certificate of Deposit is issued at discount on Face value and redeemed at face value. while Commercial Papers carry a interest rate.

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