corda / / CP_PROGRAM_ID


const val CP_PROGRAM_ID: String

This is an ultra-trivial implementation of commercial paper, which is essentially a simpler version of a corporate bond. It can be seen as a company-specific currency. A company issues CP with a particular face value, say $100, but sells it for less, say $90. The paper can be redeemed for cash at a given date in the future. Thus this example would have a 10% interest rate with a single repayment. Commercial paper is often rolled over (the maturity date is adjusted as if the paper was redeemed and immediately repurchased, but without having to front the cash).

This contract is not intended to realistically model CP. It is here only to act as a next step up above cash in the prototyping phase. It is thus very incomplete.

Open issues: