IntegrityExpertiseService 13 Windy City Summit CTP Review Annual Cost of Commercial Paper Issuance = Dollar Discount = Discount Rate x Par Value x Days to Maturity 360 Usable Funds = Par value – Dollar Discount Prorated Dealer Fee = Annual Fee Rate x CP Issue Size x Days to Maturity 360 Prorated Backup Line = Annual Line Rate x CP Issue Size x Days to Maturity of credit Fee 360 Annual Interest Rate=Dollar Discount + Dealer Fee + Backup Line Fee x 365 Usable Funds 360 Commercial Paper Nominal Yield = Dollar Discount x 365 Purchase Price Days to Maturity Managing Short-Term Financing
{}