FINANCE · FINANCE|free movement of capital|financial market
- meán infheistíochta struchtúrtha Tagairt Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- SIV | structured investment vehicle
- en
- Sainmhíniú arbitrage fund that raises finance by selling asset-backed commercial paper (CP) and medium-term notes and invests predominantly in asset-backed securities (ABSs) Tagairt """structured investment vehicle"" > A Dictionary of Finance and Banking > Ed Jonathan Law & John Smullen > Oxford University Press, 2008 > Oxford Reference Online > DGT, http://www.oxfordreference.com/views/ENTRY.html?subview=Main&entry=t20.e5689 (5.5.2009)"
- Nóta The SIV makes its profit from the difference between the short-term rate paid to the holders of CP and the longer-term rate earned on the ABSs. Most SIVs are managed by banks or other major institutions. SIVs were introduced in 1988, but ceased being used in 2008 due to the subprime mortgage crisis.