Commercial paper is a type of debt instrument issued by funders, which are not necessarily registered banks or authorised credit providers, to provide finance to companies to cover their short-term operational needs, or as the bean counters call it – working capital. The money raised from commercial paper can be used for anything from payroll and inventory finance to petty cash, and big business often prefer commercial paper to unsecured bank loans, which tend to carry higher interest rates. And in the current high inflationary economic
