Structured investment vehicle/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> (SIV) a fund that borrows money - usually at ''LIBOR'' rates - by the issue of ''asset-backed commercial paper'' and uses it to finance longer term loan...) |
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(SIV) a fund that borrows money - usually at | (SIV) a fund that borrows money - usually at [[LIBOR]] rates - by the issue of asset backed [[commercial paper]] and uses it to finance longer term loans at higher interest rates. | ||
Latest revision as of 06:12, 22 February 2010
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Structured investment vehicle [r]: (SIV) a fund that borrows money - usually at LIBOR rates - by the issue of asset backed commercial paper and uses it to finance longer term loans at higher interest rates.