Structured investment vehicle/Definition: Difference between revisions

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Structured investment vehicle [r]: (SIV) a fund that borrows money - usually at LIBOR rates - by the issue of asset backed commercial paper and uses it to finance longer term loans at higher interest rates.

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	(SIV) a fund that borrows money - usually at ''LIBOR'' rates - by the issue of [[~~asset backed~~ commercial paper]] and uses it to finance longer term loans at higher interest rates.		(SIV) a fund that borrows money - usually at [[LIBOR]] rates - by the issue of asset backed [[commercial paper]] and uses it to finance longer term loans at higher interest rates.