Answer:There are no required line of credit at the bank.
It's very simple to roll over(refinance) in times of economic turmoil.
Explanation:
A commercial paper is issued by banks or large companies to finance short term requirements like working capital.
It does not require having a line of credit credit with the bank and can be easily rollover.
However it's rate are normally higher than prevailing prime rate since non financial institutions are involved and it's usually for a short period.
