How to register a Commercial Paper deal

Created by Erik Åkerlund, Modified on Wed, 10 Jul at 10:14 AM by Elin Stenrud

Please note that this article does not include how to enter Norwegian Commercial Papers, which are entered as Bonds in TS - more information regarding this in the article How to Register a Bond Deal

Register a Commercial Paper deal

  1. Chose New deal -> Commercial Paper
  2. Choose if you are an Issuer or Investor of the paper.
  3. Enter the legal entity
  4. If you are Issuer choose the broker in Counterparty (Broker) field. This will be shown in reports in the column Counterpart. In Master Data -> Companies, the Counterparty must be set up with the Company Usage type Broker to appear in this field. 
  5. The Counterparty (IPA) is the counterpart that the money transfer will be made with. In reports it will be shown in Counterpart (payee). In Master Data -> Companies, the Counterparty must be set up with the Company Usage type Issuing and Paying Agent to appear in this field.
  6.  If you are Investor the Counterpart (Issuer) is whom issued the paper, i.e. the risk counterpart. In Master Data -> Companies, the Counterparty must be set up with the Company Usage type Issuer to appear in this field. 
  7.  And the field counterpart (Broker) is the counterpart whom will receive the money. The Counterpart must have Company usage Broker defined in Master Data.
  8. Enter the name for the paper (your preferred naming of the paper), ISIN (not mandatory) and select valuation type, Price or Yield.
    Note! ISIN will be used for market data mapping (in Security prices) if Market valuation type is Price, and then you need to add the ISIN when the deal is registered.
  9. Enter deal date when the deal is made. 
  10. Enter Begin date, when the deal starts and End date when the deal matures.
  11. Enter Currency and face amount for example EUR10M for EUR10 000 000 
  12. If Yield = Enter interest and spread.  If Price = enter either the price or interest.
    Enter the day convention applied. 
  13. Decimals Interest - if the settlement is without decimals enter 0 here. If left empty the default value is two decimals. 
  14. Next tab Bank accounts will be field in automatically
  15. The tab Advanced you could add an additional bank calendar  (other than the one stipulated by the currency), specific discount or forward curve as well as a FX spot rate at value date to be used for accounting. 
  16. Press save (Ctrl +S)
  17. In the Transaction tab you can view the transactions created from your registration. 

Example of Issued Commercial Paper

Example of investment in a Commercial Paper

For information on how to Close a Commercial Paper, see article Close a commercial paper

For information on how to Accounting is done for Commercial Papers, see article Accounting Commercial paper

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