> For the complete documentation index, see [llms.txt](https://docs.optswap.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.optswap.org/user-manual/governance/commercial-papers.md).

# Commercial Papers

TODO -- allows the DAO to borrow native asset or ERC-20s; exactly like a standard C-Paper (treasury instrument sold at a discount & repayable at face value)

### Restrictive Legend

TODO -- U. S. Persons can only be issued C-Papers stamped with the Restrictive Legend per SEC rules