Ireland has a USD 50 billion multi-currency Euro Commercial Paper (ECP) Programme which is STEP (Short-Term European Paper) compliant. Paper is only sold through approved dealers and currencies of issue include EUR, USD, GBP with others subject to reverse enquiry. The maximum tenor available under the programme is 364 days.
The Exchequer Note programme is a Euro denominated programme sold directly through the NTMA and primarily to public sector bodies.
The minimum denomination of a note is €5,000,000 and the maximum tenor of a note is 1 year. The terms and conditions of the Exchequer Notes can be found here.
This product is for professional investors who are capable of assessing the merits and understanding the risks of purchasing Exchequer Notes. Each investor must accept these terms and conditions and be capable of assuming those risks. This product is not available to individuals.