Global Commercial Paper Dealer Agreement Launched in September

The Bond Market Association (TBMA) and the International Primary Market Association (IPMA) are to launch a jointly developed global commercial paper dealer agreement. The model form has been created to document arrangements between issuers and dealers covering commercial paper that may be issued in both the US and European markets. A workshop to explain the mechanics of the document will be conducted at the London offices of Deutsche Bank on September 4. The workshop will feature an overview of the global commercial paper market by John Ford of Deutsche Bank, chairman of the Euro Commercial Paper Committee of IPMA, as well as a panel on contractual, securities law and market practice issues dealt with in the model agreement.

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