先日、日銀の追加緩和で「コマーシャルペーパー・社債の購入額を従来の7.4兆円から20兆円に拡大」が発表されました。
ニュースなどで時々出てくるこの「コマーシャルペーパー」という単語。
なんのことかよくわかりませんよね。
今回はコマーシャルペーパーとはなんなのか?社債と何が違うのか?について調べていきます。
コマーシャルペーパー(CP)とは?
コマーシャルペーパーとは企業が短期資金の調達を目的として発行できる無担保の約束手形でCPとも呼ばれます。
簡単にいうと、お金が必要な企業が手形を発行し、その手形を買ってもらうことで資金を調達することです。
CPの特徴
発行期間は1年未満
CPの発行期間は1年未満と定められています。
リーマンショックやコロナショックのような金融危機による財政の悪化やM&Aや税金の支払いなどで急な資金が必要になった時に短期的な資金調達を目的として発行されます。
発行金額は1億円以上
CPの発行額は1億円以上と定められていて少額での発行はできません。
発行できるのは一部の優良企業のみ
CPは「金融商品取引法」という法律に基づいて発行するもので、CPを発行できるのは法律で認められた一部の優良企業のみであり、一般的な中小企業は発行できません。
CPは無担保の約束手形なので、しっかりとした信用のある優良企業だけが発行できるように定められています。
CPの買い手は機関投資家
最低発行金額が1億円と高額なものなので一般の個人投資家は購入できません。
CPを購入するのは銀行や保険会社などの機関投資家が多くなります。
CPのメリット
CPの金利は金融機関から融資を受ける際の金利(短期プライムレート)に比べて低い場合が多いので、企業にとっては低金利で資金調達することができます。
また、発行期間が1年未満と短期間なので必要に応じて柔軟に資金調達ができます。
CPのデメリット
一方デメリットは、発行期間が1年未満なので短期の資金調達にしか使えないことと、信用力のある一部の優良企業のみしか発行できないことです。
CPと社債の違い
では社債との違いはなんでしょうか?
CPと社債は企業が資金調達を目的として発行するという点は同じですがCPの発行期間が1年未満なのに対して社債の発行期間は1年以上となっています。
また、社債は債権なので証券会社を通して発行されますが、CPは手形なので銀行でも発行できます。
基本的には発行期間が1年未満ならCP、1年以上なら社債という認識で大丈夫なようです。
まとめ
今回はコマーシャルペーパーについて調べてきました。
よくわからない横文字なのでなんのことだろうと思っていましたが、調べてみれば期間の短い社債のようなものだということがわかりました。
何かわからない単語も調べて意味がわかるとニュースを見ていても混乱しなくて済むので、これからも疑問に思うことがあればこのブログで調べていきたいと思います。









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People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
People with high intuition are not liked very much, they are secretly admired, but most of the time they are not loved because they do not come to their job, they are also distant to those around them because they know the facts, life for these people is extra difficult and tiring.
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Tatil başlamış. Bakıyorum bu sene erkecisin. Taksitlere erken geçmişsin.
Sigaramı ekrana yaklaştırdım kendi kendine yandı. Ateş gibi olmuşsun.
Fotoğrafı görünce önce ayakları baktım. Zoom yapmak gerekti ama neyse ki ayakları ters değilmiş. Zira insan olduğuna inanmak zor geldi.
Klasik uçak kanadı paylaşımları gelmeye başladıysa yaz gelmiş demektir. Tatil hazırlıkları başlasın.
İlah mısın silah mısın be?
Güzel kadınsın diyelim ama hemen şımarma
Numaram yenilendi demiştin ama hala 10 numarasın.
Telaşımı hoş göre. Islandığım ilk yağmursun
Kahvye, kitap ve gözlük üçlüsü yerini bulmuş.
Fotoğrafa hazırlıksız yakalandım. Derinden sarstı beni. 🙂
I’m truly enjoying the design and layout of your website.
It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to
create your theme? Exceptional work!
Ben böyle poz versem aptal gibi çıkarım.
Uyumadan uyanmışsın gibi duruyor.
Uyumadan uyanmışsın gibi duruyor.
Yürüdüğün yollarda yürüyoruz.
Yanımda bir kişilik yer var.. Ama ne yazık ki sende o kişilik yok
2020 yılının en komik paylaşımına adım atmayı başarmışsın. Devamını ve daha nicelerini bekliyoruz.
Benim olmadığım her yerde siz de iyisiniz.
Herkes adamlık dersi veriyor. Madem hepiniz adamsınız, o ders kime?
Yüzüne makyaj mı yaptın yoksa makayajına yüz mü yaptın. O kadar çok malzeme kullanmışsın ki ifaden değişmiş.
Bana iyi gelenler hep benden gidenler oldu
Araba fiyatına tatil ile sezonu açmak gibisi yok.
Parti kur mitinglere gelelim sandıklarda oy atalım.
Yorum yapmak için karakter harcamaya değmez diye düşünüyorum ama zaten bunları yazarken karakterler uçtu gitti.
Bazen tatlı dil işe yaramaz.. Sövün rahatlayın
Numaram yenilendi demiştin ama hala 10 numarasın.
Makyajını silde yüzünü görelim. Uzaktan seçilmiyorsun
Ben yolda zor yürürken sen o hareketleri nasıl yapıyorsun. Bunun bir açıklaması olmalı.
Eğilin mesaj veriyor.
Sayende telefonumun camı çatladı. O bile bu fotoğraflara dayanamadı.
Yoga moga bunlar hep ecnebi icadı. Bizim ata sporumuz güreş. Bunu unutmamak gerekiyor. 🙂
Yeni üye kaydı kabul ediyor musunuz?
Paylaşımların çok güzel. Daha güzelleri beim olur inşallah
Sigaramı ekrana yaklaştırdım kendi kendine yandı. Ateş gibi olmuşsun.
Güzel yüzünü göremediğim için geceleri hiç sevmiyorum
Partine katılmak istiyoruz kayıtlar nereden yapılıyor?
Çelik yelek giymemiz gerekiyor mu?
Hayallerim bile yetmiyor senli anlara
Dünyanın en yüksek dağından ikisiyle karşı karşıyayız.
Yanımda bir kişilik yer var.. Ama ne yazık ki sende o kişilik yok
Keskin nişancı mısın sen ya tam kalbimden vurdun beni
Numaram yenilendi demiştin ama hala 10 numarasın.
Tatil başlamış. Bakıyorum bu sene erkecisin. Taksitlere erken geçmişsin.
Eğer mutlu olmak istiyorsan çişini bir süre tut. Sonra gidip yap. Kısa bir mutluluk olsa da bir sürreli mutluluk olacaktır.
Yoga moga bunlar hep ecnebi icadı. Bizim ata sporumuz güreş. Bunu unutmamak gerekiyor. 🙂
İlah mısın silah mısın be?
Ooo havalnmışsın yolculuk nereye?
Herkes yeni yaş alırken sanki sen yaş veriyorsun. Her sene biraz daha yaşlanman gerekiyor. Her sene biraz daha gençleşmen değil.
Bir meclis değilsin ama bakanın çok.
Parti kur mitinglere gelelim sandıklarda oy atalım.
Aslında paranın çok bir önemi yok diyorlar ama miktarının önüneli olduğunu düşünüyorum.
I touch my wound, thCank you dokunma yarama dokunurum sana
I touch my wound, thCank you dokunma yarama dokunurum sana
I touch my wound, thCank you dokunma yarama dokunurum sana
I touch my wound, thCank you dokunma yarama dokunurum sana
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I touch my woundC, thanv you dokunma yarama dokunurum sana
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I touch my wound, thank you dokunma yarama dokunurum sana
dokunma yarama dokunurum sana I touch my wound, thank you
I touch my wound, thank you dokunma yarama dokunurum sana
dokunma yarama dokunurum sana I touch my wound, thank you
dokunma yarama dokunurum sana I touch my wound, thank you
I touch my wound, thank you dokunma yarama dokunurum sana
I touch my wound, thank you dokunma yarama dokunurum sana
dokunma yarama dokunurum sana I touch my wound, thank you
dokunma yarama dokunurum sana I touch my wound, thank you
dokunma yarama dokunurum sana I touch my wound, thank you
dokunma yarama dokunurum sana I touch my wound, thank you
dokunma yarama dokunurum sana I touch my wound, thank you
I touch my wound, thank you dokunma yarama dokunurum sana
I touch my wound, thank you dokunma yarama dokunurum sana
I touch my wound, thank you dokunma yarama dokunurum sana
I touch my wound, thank you dokunma yarama dokunurum sana
I touch my wound, thank you dokunma yarama dokunurum sana
I touch my wound, thank you dokunma yarama dokunurum sana
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