Short Term European Paper | European Money Markets Institute Programmes How to apply Statistics About Documents Contact us Short Term European Paper Fostering the integration of the European markets for short-term paper through the convergence of market standards and practices. How to apply Learn more Register The STEP label STEP establishes common practices and standards for the documentation of commercial paper programmes and provides market transparency via the publication of statistics by the European Central Bank. Benefits of STEP Promotes harmonisation and integration of the short-term paper markets in Europe. Offers a neutral and independent source of information, unaffected by conflicts of interest. Standardises short-term paper documentation in a transparent manner. Provides free, unbiased access to market information. Allows for timely investment decisions by providing quickly accessible data. Contributes to market depth and liquidity by enhancing transparency. Enables eligibility for Eurosystem credit operations and purchase programs as a non-regulated market for collateral purposes. STEP labelled programmes Check the STEP labelled programmes. View Programmes Statistics Check the latest readily available statistics on yields and volumes. View Statistics Governance The STEP initiative is jointly run by The European Money Markets Institute and ACI Financial Markets Association. The two entities have set up a strong governance : the STEP Market Committee and a STEP Secretariat and have adopted the STEP Market Convention. STEP benefited from the active support of the European System of Central Banks and the European Central Bank. About Disclaimer: STEP takes reasonable measures to ensure the quality and accuracy of the information on this Website. However, STEP cannot be held liable in any way for the inaccuracy or incompleteness of any information that is available on or through this Website. In addition, none of the Parties can in any way be held liable or responsible for the content of any Website linked to this Website. Cookies Privacy Notice 2017 - 2026 Stepmarket All Rights Reserved [email protected]