Europe gets ready for callable CP revolution
The widescale adoption of callable commercial paper in Europe could provide an important fillip to the beleaguered euro commercial paper market, investors said this week. EuroWeek can reveal that European banks have already begun printing callable CP in the US to help with their dollar funding, writes Craig McGlashan.
Deborah Cunningham, chief investment officer, global money markets, at Federated Investments, said that while flows are still small, this is expected to change.
"This is in its infancy," she said. "This has not caught on like a big storm yet but it will grow as the year goes on.
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