SIVs provide a steadier stream of data to investors than most of the banks backing them.
SIVs come from a sub-species that lives mainly in Gabon, Cameroon and Equatorial Guinea.
Banks themselves engaged in a binge of creating off-balance-sheet structures, most notably with so-called SIVs (structured investment vehicles).
These transfers, experts say, would include the refinancing of bad assets in the banks' own structured investment vehicles (SIVs).
SIVs suggests that three of them, including the new one, are closely related.
The amended agreements will enable the money manager to sell its remaining exposure to risky structured investment vehicles, or SIVs.
FORBES: This is a transcript of the After Hours video report.
The SIVs are gone and more laws are being proposed that are moving toward cracking down on the secrecy that Cayman offers.
SIVs allow a money manager to borrow money in the short term in order to invest in higher-yielding or more risky assets longer term.
FORBES: This is a transcript of the After Hours video report.
We recognize some forward-looking drags on growth from the reduced use of securitizations, mortgage structures and SIVs, but this may be offset by a better allocation of capital.
Most of these SIVs have now been shut down after failing to roll over their commercial paper last winter because their assets were largely American subprime mortgages.
The SIVs had to be brought back onto banks' balance sheets, leading to huge write-downs, losses and the drying up interbank lending that led to the global credit freeze.
Many banks either own assets affected by mortgage losses, or they are funding lines of credit to structured investment vehicles (SIVs) which do, and whose valuations are shaky or impaired.
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