Commercial paper programmes

J&T BANKA offers its clients commercial paper programmes in which they can invest their funds.  Purchases of commercial paper give the client the potential to appreciate their funds at attractive rates.

Commercial paper is a short-term debt security.  It can be defined as a written undertaking that must have a precisely specified form. It grants the holder of the commercial paper the right to require settlement, or payment of the financial sum indicated on the paper within a set term. The yield is formed by the difference between the sum that the investor pays when the paper is issued and the amount paid out on the day when the paper becomes payable. A promissory note contains a commitment by the issuer to pay the amount on the note (paper). This means that the guarantee for payment lies with the note’s issuer, or other persons liable from the note (e.g. the note’s guarantor).