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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (129093)10/12/2001 7:23:12 PM
From: Ilaine  Read Replies (1) of 436258
 
There are SEC regulations on what can be sold as commercial paper. Commercial paper is short term (30 - 90 days), and can only be used to finance current transactions, e.g., purchasing inventory, stuff that gets cash flow. It's just supposed to provide liquidity, not finance long term debt.
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