The surge in CP-CD issues points to a shift in funding behaviour as easier liquidity conditions and lower short-term interest rates made these instruments more attractive. by Dehuti Jani, BasisPointIn...

(Reuters) -Singapore’s second-largest bank Oversea-Chinese Banking Corp said on Monday it has established a $1 billion digital U.S. commercial paper programme, bolstering its dollar funding capabilities. U.S. commercial papers are a relatively inexpensive funding source that corporations use to meet their immediate cash flow needs. Through the programme, OCBC aims to tap into the $1.4 trillion U.S. commercial paper market. The bank has leveraged blockchain to establish the programme, which will complement its $25 billion conventional U.S. commercial paper programme established in August 2011. J.P. Morgan’s Digital Debt Service application will act as the sole dealer. The funds raised will be used for general funding purposes, OCBC said. The first U.S. commercial paper tokenised issuance under the programme took place on August 20. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. That's one option, but what if there are better opportunities hiding in plain sight? Investing.com's ProPicks AI has identified growth stocks that often get overlooked by individual investors. Compare your choice against our global range of AI-selected picks - with 3 out of 4 beating their benchmark index year to date and 98% in the green. Get fresh new picks every month, now available at 50% off while our Summer Sale lasts. Hurry, offer ends soon!

SocialFi, Guggenheim Treasury Securities has just launched the very first-ever Digital Commercial Paper on the Ethereum blockchain. This marks the latest trend where top-tier financial houses are embr...