Your trusted partner for issuing NEU CPs

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.

Our eNEU CP service helps dealers support their underlying clients with a real-time, automated and STP service for issuing NEU CPs

The eNEU CP service not only ensures that new issues are placed with investors within the shortest timeframe possible, it also helps reduce the risk of operational errors and unnecessary costs.

The Euroclear France issuance infrastructure is quick, efficient and proven, supporting the largest commercial paper market within the Eurozone.

And for issuers wanting to tap into a reliable and diverse source of short to medium term financing, the Euroclear France money market infrastructure brings together a large pool of domestic and international investors.

At a time when efficiency and standardisation of processes are key, issuing through Euroclear France allows paying agents to issue and place NEU CPs in a fully transparent and automated manner.

Through the Euroclear France money market infrastructure investors gain access to a comprehensive view of the issuance of commercial paper thus facilitating informed decisions in relation to trading strategies.

Furthermore, the complex and exhaustive ecosystem of counterparties allows investing firms to trade with a greater number of counterparties until even later in the business day.