Commercial Paper Under Regulation ATS is a current Regulation ATS defined term. This guide preserves the rule-specific meaning and boundary instead of replacing it with informal market shorthand.
ReviewedEvidence1 sourceSectionPhrases & Idioms
Quick answer
Regulation ATS defines commercial paper by its instrument type, current-transaction connection, and short maturity at issuance.
Key details
Canonical FormCommercial paper
Core MeaningUnder 17 CFR § 242.300(j), commercial paper is a note, draft, or bill of exchange arising from or funding current transactions and having an issuance maturity not exceeding nine months, subject to the rule’s grace and renewal language.
Further guidance
History Boundary
This page reflects the current reviewed Regulation ATS definition and should be rechecked if 17 CFR § 242.300 changes.
Meaning
Under 17 CFR § 242.300(j), commercial paper is a note, draft, or bill of exchange arising from or funding current transactions and having an issuance maturity not exceeding nine months, subject to the rule’s grace and renewal language.
Usage Boundary
The page preserves the rule’s specific scope and should not be read as a complete definition for every securities-law or accounting context.
Sources and evidence
Sources are shown with the role they play in this guide. Historical or style-sensitive claims are kept within the evidence boundary described above.
17 CFR § 242.300 — Definitions↗ (opens in a new tab)Legal Information Institute, Cornell Law School · Current e-CFR mirror of Regulation ATS definitions, including the operative definition of alternative trading system incorporated by Regulation NMS.
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