Structured investment vehicle/Definition: Difference between revisions
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(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 09:30, 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.