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Commercial Papers
It is an unsecured negotiable short-term instrument issued by a corporate, usually for financing short-term liabilities and working capital.
| Features | Benefits |
|---|---|
| It is a discount instrument | It usually offers higher yields than treasury bills because of credit risk premium |
| It usually offers higher yields than treasury bills because of credit risk premium | |
| It has short maturities up to 270days | |
| Interest earned is taxable |
How to Apply
There are different ways to apply, depending on whether or not you bank with us.
Already bank with us?
You can apply online, in any branch or by calling 0345 744 5445
Apply on Globus OnlineNew to Globus?
You can apply online, in any branch or by calling 0345 744 5445
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Interested in other ways to save? We have other options for you to consider.
