What do the securities codes CP, s CP, PPN and MTN mean?

CP short-term financing bonds (short-term financing), SCP? Ultra-short-term financing bonds, PPN directional instruments (private placement bond), MTN medium-term notes (winning tickets)

1、CP:？ Commercial Paper (CP) refers to the securities issued by enterprises in the inter-bank bond market (that is, purchased by domestic financial institutions but not issued to the society) and traded, with an agreement to repay the principal and interest within one year.

2.SCP: Ultra-short-term financing bonds refer to short-term financing bonds issued by non-financial enterprises with legal personality and high credit rating in the inter-bank bond market within 270 days.

3.PPN: Debt financing instruments issued by private placement in the inter-bank bond market are called PPN, that is, private placement bills.

4.MTN: abbreviation of English medium-term notes. Medium-term notes refer to debt financing instruments issued by non-financial enterprises with legal personality in stages in the inter-bank bond market according to the plan, and agreed to repay the principal and interest within a certain period of time.

Extended data:

The inter-bank bond market refers to the market relying on China Foreign Exchange Trading Center and National Inter-bank Funding Center (hereinafter referred to as the Inter-bank Funding Center), China Securities Depository and Clearing Corporation (hereinafter referred to as the Central Clearing Corporation) and Inter-bank Market Clearing House Co., Ltd. (Shanghai Clearing House).

Including commercial banks, rural credit cooperatives, insurance companies, securities companies and other financial institutions to buy and sell bonds.

After rapid development in recent years, the inter-bank bond market has become the main body of China bond market. Most book-entry treasury bonds and policy financial bonds are issued and traded in this market.

Bond transactions in the inter-bank bond market include spot bond transactions and bond repurchase, among which bond repurchase is divided into pledged repurchase transactions and buyout repurchase transactions.

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