As a corporate treasurer in NT Bhd, you are responsible to manage the company cash flow and liquidity. Hence, you are expected to be able to identify how soon funds will be needed by the company. Currently, the company is considering to issue commercial paper for its short term financing. The quoted rate on the RM denominated euro commercial paper has just blipped down recently. Your company can issue RM5 million of 60 days euro commercial paper in the French markets at 3.25%. Besides that, your company can invest the proceeds in Malaysia with a comparable maturity negotiable RM denominated certificates of deposit which are quoting 3.55%