Foreign

U.S. Commercial Paper Program

This program is used for financings up to 270 days in the United States. The province sells short-term Notes on a day-to-day basis to participating dealers, which then markets the Notes to investors. Syndicate members are selected according to a number of criteria such as market distribution capabilities and track record, previous service, reputation and pricing. Notes are:

• issued in U.S. dollars
• documented under British Columbia law
• settled through The Depository Trust Company (DTC)
• book-based form (non-bearer) only
• exempt from SEC Registration

Relevant Documents

U.S. Commercial Paper Information Circular (pdf) (105KB)