structured investment vehicles
Structured investment vehicles at issue
By Admin - Posted on December 6th, 2007
Tagged: credit card debt
• investment pool
• orange county
• structured investment vehicles
• term assets
The debt securities under scrutiny in Orange County's investment pool were issued by so-called structured investment vehicles, or SIVs -- typically bank-managed funds that borrow using short-term IOUs to buy longer-term assets, such as bonds backed by mortgages or credit card debt.
SIV ratings may be cut at HSBC, Citigroup
By Admin - Posted on November 8th, 2007
Moody's Investors Service sent warnings Wednesday to Citigroup Inc. in New York and HSBC Holdings in London that it might downgrade their structured investment vehicles as the rating company reviews $33 billion worth of the debt.
