Working Capital Management Question:
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Explain what is the nature of a commercial paper?


1) It can be issued for the maturity period of 7 days to 1 year.

2) It has the denomination of Rs. 5 lakhs and every single investor should invest minimum Rs. 5 lakh in the commercial paper.

3) Every issue including the renewal will be considered to be the fresh issue.

4) The amount shall be within the overall limit sanctioned by the Board of Directors.

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Tell me how is the amount of assistance that a bank can provide for your working capital calculated?Explain what is the process for issuing commercial papers?