Bailout time for SIVs

The structured investment vehicle (SIV) business model of issuing short-term commercial paper and investing in longer-dated higher-yielding debt has been hit particularly hard by the US subprime crisis. Pressure on the SIV sector intensified at the end of last year after funds saw net asset values drop to new lows, a rise in realised losses from asset sales and negative action from the rating agencies.

A bearish mood in the structured finance market has meant that investors are reluctant to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here