Participant Onboarding
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Create your onboarding account

Register with your business email. We'll email a confirmation link, then you can complete your firm's application. You can log back in any time to resume.

This is also your portal login. We'll send a verification link here.
Your username on the exchange once approved. Letters, numbers, dot, dash, or underscore.
At least 10 characters, with at least three of the four kinds (capital letters, small letters, digits, symbols); not your CCPE username; not a common password.
Which role(s) does your firm intend to request?

You can refine these later on the application.

Issuer
A company that raises short-term funding by SELLING its own commercial paper (short-term IOUs) on the exchange. As an issuer you create new paper through issuance auctions and repay (redeem) it at maturity. Only issuers can bring new paper to market.
Investor
A buyer that PURCHASES commercial paper to invest cash for a short period and earn a yield — for example a money-market fund. Investors buy paper at issuance or in the secondary market and hold it, typically to maturity. Investors do not quote prices or carry short positions.
Dealer
A firm that BUYS AND SELLS commercial paper for its own account in the secondary market, providing liquidity by trading with other participants. A dealer is more active than an investor but is not obligated to continuously quote two-sided markets the way a market maker is.
Market Maker
A firm that continuously QUOTES both a bid (buy) and an offer (sell) price so others always have someone to trade with. Market makers may hold short positions and are the primary source of on-exchange liquidity. Market makers connect through the exchange API (they run their own quoting), not the trading GUI.
Trader
A firm (or desk) that places individual BUY and SELL orders to trade commercial paper on the exchange, without the continuous two-sided quoting obligations of a market maker. Traders can trade through the exchange's User GUI or its API.
Settlement Bank
A bank that HOLDS commercial-paper settlement cash for the exchange. A Settlement Bank opens a CCPE OMNIBUS account (where participant cash is held) and connects to the exchange over its own FIX session for deposits, withdrawals, and transfers. One Settlement Bank may also house CCPE's own business checking account. Settlement Banks do not buy or sell paper — selecting this role adds a separate Settlement Bank step to your application.

When you press Create account, we will e-mail you every form and agreement your firm needs for the roles you selected, as a ZIP file attached to the e-mail (as several e-mails if they are too large for one: some e-mail systems limit the size of an attachment). Please review them with your firm before going further. Once your firm is willing to accept the terms of each document, you can complete your application quickly.

I already have an account