The best replacement for commercial paper is bank loans.

Лучшие альтернативы к commercial paper можно упорядочить следующим образом:
★★★★★  bank loans
★★★★★  treasury bills
★★★★  corporate bonds
★★★  bankers acceptance
★★★  corporate bond
★★  commercial bill
★★  bank bill
★★  debenture
★★  libor
★  medium term notes
★  repurchase agreement
★  asset backed commercial paper
★  certificate of deposit
★  asset backed securities
  commercial paper
  repurchase agreements
  repo

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Google Trends

Scale is based on the average worldwide traffic of commercial paper in all years. Click on graph for more.
commercial paper
bank loans
treasury bills