Jul 4, 2012
Macrobond adds STEP (Short Term European Papers) data
The STEP Initiative aims to foster the integration of the European markets for short-term paper through the convergence of market standards and practices.
The STEP Market Convention lays down the criteria which short-term paper programs must fulfill to be STEP compliant and the procedures for granting and withdrawing the STEP label. The STEP criteria and requirements relate to the disclosure of information, the format for documentation, settlement, and the provision of data for the production of STEP statistics. A STEP label does not relate to the creditworthiness of issuers or the accuracy of the information provided. In order to obtain and maintain the STEP label for a short-term paper program, the issuer, the features of the program and the Notes issued under the program must comply with the requirements of the Convention, including its Annexes.
The time series falling under STEP convention can be found in Macrobond under Economics - by region > Euro Area > Interest & Exchange Rates > Short Term European Papers (STEP).
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