A municipal commercial paper (CP) is a short-term zero-coupon transaction. It only has two flows: an initial drawing on the start date and a repayment on the maturity date.
In Fairways Debt, the municipal CP is managed by a certificate program. The counterparty can either be a bank or an internal counterparty.
Muncipal CPs can be easily aggregated into certificates programs either from the portfolio or the calendar or when running a report.
Aggregate Municipal Commercial Papers into Certificate Programs from the Portfolio
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Debt & Derivatives.
- Click Aggregation and select Aggregate Municipal CPs into Certificate Programs.
- Click Apply.
Aggregate Municipal Commercial Papers into Certificate Programs from the Calendar Application
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Calendar.
- Click Aggregation and select Aggregate Municipal CPs into Certificate Programs.
- Click OK.
Aggregate Municipal Commercial Papers into Certificate Programs from the Analysis & Reporting Application
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Analysis & Reporting.
- Click Aggregation and select Aggregate Municipal CPs into Certificate Programs.
- Click Apply.