With a value of more than €300 billion, the French commercial paper (NEU CP – Negotiable European Commercial Paper and NEU MTN – Negotiable European Medium Term Note) – supported by Euroclear France – is the largest commercial paper market in the euro area.
In 2016, within the framework of Place de Paris 2020, the legal and regulatory framework for issuing commercial paper and medium term notes in France underwent a period of transformation and modernisation.
The resulting NEU CP market is more accessible to issuers, domestic and international investors and is fully aligned with recognised international standards.
It allows issuers to tap into a a diverse source of funding and provides investors with attractive investment opportunities in euro and other currencies.
Through Euroclear France you can manage the entire lifecycle of the NEU CP issuance, from codification to same-day settlement, in one click, with immediate payment in the T2S environment.