What is 4(2) Commercial Paper?
By IndianMoney , 1 year ago
IndianMoney
1 year ago
Since commercial papers are mainly issued as a promissory note to repay a fixed amount on a certain future date, the product is exempted from SEC registration as per the following sections of the Securities Act 1933. they are: - Section 3(A) - Section 4(2) - Section 3(A)2
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