Monday, November 5, 2007
impact of SIV to banks
--SIV are bank-backed investment funds, which issue CP to invest in high yield securities
--it could compound banks' subprime issue by forcing cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365m to cover conduicts' maturing debt.
--alternatively, conduits could sell assets to raise funds, which put downward pressue on assets price and downgrade pressure.
--HBOS' conduit Grampian, one of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 largest, with about $35 bil in paper outstanding
--Citi, $80 bil
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