Reference has already been made to the work that is being done in the area of electronic data processing and the development of a cross-border network for financial clearing, payment and settlement transactions.
Issuances of similarly rated credit that take place at very different rates display different market perceptions across types of issuers (e.g., corporates and NBFCs) but even among the same type of issuers (Chart 3). This is perhaps one of the reasons why there are difficulties in developing and publishing a CP curve.