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...) |
imported>Nick Gardner No edit summary |
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<noinclude>{{Subpages}}</noinclude> | <noinclude>{{Subpages}}</noinclude> | ||
(SIV) a fund that borrows money - usually at ''LIBOR'' rates - by the issue of | (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. | ||
Revision as of 09:09, 19 January 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.