Many issuers turn to the short- and medium-term financing markets through negotiable debt securities (TCN in French) to meet their cash requirements.
This market makes it possible to diversify issuers’ sources of financing and the investment vehicles offered by investors, in euros and foreign currencies. It guarantees transparency and reliability in compliance with issuers’ terms and conditions of issue, which are validated by the Banque de France.
Two flagship instruments stand out:
– NEU CP (Negotiable European Commercial Paper), securities popular with companies looking for short- and medium-term funds, with a maximum term of 1 year.
– NEU MTNs (Negotiable European Medium Term Notes), securities that are valued for their flexibility in structuring and their ability to adapt to the specific needs of issuers, offering financing visibility over several years.
However to access these tools, an essential link comes into play: the domiciliary agent.
That’s where Uptevia comes in!
Choosing the right domiciliary agent
Uptevia is one of the only leading domiciliary agents on the Paris stock exchange and responds precisely to the needs of its customers by helping them manage their financial transactions and offering them an enhanced and innovative range of services.
We provide our issuers with tailor-made support:
– Specialised and comprehensive expertise in the fixed-income markets and regulatory requirements such as securities issues and placements, through the processing of transactions and the transfer of funds to the issuer, as well as redemptions and repurchases through maturity processing with updates of outstandings through to declarations to the Banque de France.
Expertise in coding by creating securities and obtaining the ISIN code from Euroclear France.
– A secure online monitoring tool dedicated to negotiable debt securities.
– A close relationship based on trust, availability and in-depth knowledge of the expectations of issuers and investors.
Companies issuing negotiable debt securities do not work alone: they interact with arrangers, investors, rating agencies, banks, regulatory authorities, etc.
The domiciliation agent plays a central role in this ecosystem, maintaining close relations with the entire financial community.
This network helps to facilitate exchanges, anticipate regulatory changes and enhance the value of issuance programmes.
One example is ACOSS (Agence centrale des organismes de sécurité sociale), which has chosen to entrust Uptevia with its role as domiciliary agent for its NEU CP issues. This partnership of trust illustrates the operational solidity and support capacity of the Uptevia teams.
Given the volatility of the markets and the challenges of liquidity, the use of NEU CP and NEU MTN is an agile and effective solution. But to reap all the benefits, you need to work with a solid, committed and responsive domiciliary agent, capable of transforming a financial approach into a genuine lever for growth. And Uptevia understands this!
