First Chicago Corp. is benefiting from the advent of electronic commercial paper as it bids for leadership as a processing agent for those securities.

First Chicago is challenging the big New York banks, whose location has been an advantage in serving as agents for issuers of the short-term financing instruments.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.