The market for structured investment vehicles (SIVs) has matured steadily over the past few years, to the extent that what was once a niche credit area now accounts for a major part of the structured finance arena. The latest development is a tweaking of the SIV idea to form SIV-Lites - a combination of collateralised debt obligation (CDO) and SIV technologies.
So far, very few dealers have launched SIV-Lites. Barclays Capital led the way when it arranged and underwrote Golden Key for Geneva-
The week on Risk.net, July 7-13, 2018Receive this by email