Corporates, primary sellers (PDs) and the All-India Financial Institutions (FIs) are eligible to situation CP. Prior approval of RBI is required earlier than a company can problem CP out there paper cp. The company has obtained a credit standing of A-2 or increased, from the RBI specified credit standing company (CRA).
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A Euro Industrial Paper is a short-time period loan issued, denominated in a currency that differs from the home foreign money of the market the place the paper is issued. The corporate has been allowed a particular working capital restrict by the banks or all India monetary establishments.