The Q3 results also indicated that Nokia had EUR 288 in currently maturing debt and EUR 1.1 billion in short term borrowing.
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They are particularly interested in covering the extended loan customers, who are the most at risk of being upended by short term borrowing.
But the short-term borrowing that finances it would also bid up short-term interest rates.
After years of high interest rates, a modest public-debt swap in 2010 cut short-term borrowing costs.
The country is not as reliant on short-term borrowing as were its neighbours.
Countries also are divided over the treatment of repurchase agreements, a form of short-term borrowing for dealers in government securities.
But Mr Tucker suggested that efforts by banks to build up liquidity - cash, or nearly-cash to fill short-term borrowing needs - were less welcome.
Careful debt-management strategies that avoid short-term borrowing or the bunching of maturities and hedge against interest-rate or exchange-rate swings should come high on the agenda.
But why pass up the undeniable cost advantage of short-term borrowing?
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The transactions in question, known as "window dressing, " involve repurchase agreements, or repos, a form of short-term borrowing that allows banks to take bigger trading risks.
Italy's short-term borrowing costs rose at an auction of six-month bonds, which were sold at a gross yield of 1.24%, up from 0.73% at a similar auction a month ago.
Commercial paper represents 47.7% of GE Capital's short-term borrowing.
The Co-op Bank refused to be interviewed for Money Box, but did give a statement in which it said that its authorised overdraft is designed for customers who need a "significant short-term borrowing facility".
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Mortgage REITs, which use short-term debt to buy longer-term mortgage securities, also are at the greatest risk if interest rates rise because that would increase their short-term borrowing costs and cut the value of the mortgage bonds that they hold, possibly resulting in losses and reduced dividends.
After all, in the most important arguments with Labour - over the role of austerity in thwarting recovery, and the scope to boost growth in the short term with higher borrowing - the OBR is still on the coalition's side.
However, when central banks pay interest on reserves or a deposit facility, this interest rate is rarely the one used to set the target for short-term private sector borrowing rates.
All these crises are alike in that the bankers play the yield curve and push money out to doubtful borrowers in order to get maximum advantage of the spread between the cost of borrowing short term and lending long term.
When you are sitting on pile of cash that earns nothing, borrowing short-term (three years is short-term) makes no economic sense.
Commercial paper became the rage in the 1960s as a means of borrowing short-term money and saving interest costs by bypassing the banks.
Tuesday, Treasury Secretary Henry Paulson told the Chamber of Commerce that investment banks should be more closely scrutinized by the Federal Reserve (make that scrutinized at all, really) now that they enjoy the privilege of borrowing short-term funds directly from the central bank, just as commercial banks have been allowed to do for years.
The short-term increase in the borrowing cap is the brainchild of House Republicans, who wanted to re-sequence a series of upcoming budget battles, taking the threat of a potentially devastating government default off the table and instead setting up a clash in March over automatic across-the-board spending cuts set to strike the Pentagon and many domestic programs.
Right now, interest rates are at historic lows, so we can finance essentially unlimited borrowing in the short term.
It would also make it harder to use its bonds as collateral when borrowing cash, short term, from the European Central Bank.
Short-term, most of its borrowing is temporary and is coming down.
In contrast, only children, who in theory share many characteristics with first borns, reported the highest instance of taking financial risks at least sometimes, 39 percent, such as borrowing for short-term investments, or investing in risky ventures.
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Nothing wrong in borrowing to cover short-term expenses if you know you will generate enough money to pay back the debt plus interest.
When borrowing is already rising to dangerous and unsustainable levels, temporary short-term giveaways now, paid for by permanent tax rises and even higher borrowing later is a big economic mistake, because it misunderstands how people actually behave.
Meanwhile, Italy's short-term debt auction showed a rise in borrowing costs, adding to further concerns for the euro zone's third largest economy.
In the short term the federal government has stepped up its borrowing to 10% of GDP this year to counteract the drop in private consumption and investment.
The Fed instead extended its Operation Twist program aimed at keeping long-term borrowing costs low by selling short-term Treasurys and putting the money into long-term bonds.
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