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        1. Commercial Paper Programs

          The most important regular issues in the money market are commercial-paper programs (CP programs).

          • The most important CP programs are in Europe, the USA an d Canada. Further programs are available in Australia, India, Mexico and South Africa.

          • Significant refinancing potential is available to Daimler from the various CP programs.

          • CP programs are a very flexible, inexpensive instrument to manage short-term liquidity.

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