Money Market Programs
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The most important regular issues in the money market are commercial-paper programs (CP programs) or asset-backed commercial-paper programs (ABCP programs).
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The most important CP programs are in Europe and in the USA. Further programs are available in Australia, Canada and Mexico.
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Significant refinancing potential is available to Daimler from the various CP programs.
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In the ABCP program the bonds issued are additionally secured by receivables, which enables a better rating of the commercial papers.
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CP programs are a very flexible, inexpensive instrument to manage short-term liquidity.
