And in the end, neither did these SIVs.
而到最后,那些SIV也没赚到什么。
Some SIVs had back-up banking facilities; some did not.
一些SIV有银行支撑,一些没有。
In August the worry was that Banks were overexposed to SIVs.
在八月份的危机中,人们担心的是银行在SIV上存在过大的风险敞口。
Nor is it clear that other Banks, investors or even SIVs will participate.
而其他银行,投资者甚至SIV本身是否会参与进来也并不明朗。
SIVs have been struggling because of exposure to risky subprime-mortgage debt.
SIV因为次级抵押贷款证券风险而处境艰难。
Backed by four American Banks it plans to acquire assets from so-called "orphan SIVs" -those without bank backing.
该基金由四家美国银行支持,计划向所谓的“孤儿SIV”- - -即没有银行支持的SIV - - -收购资产。
But no one wants a murky mix of the two, which is what you have in many SIVs now, " says a person close to the fund."
但没人会想要两者波诡云谲的混合物,而这就是目前许多SIV手中所拥有的”,据接近该基金的人士透露。
As demand for the asst-backed securities that SIVs buy has evaporated, some have had to sell holdings at fire-sale prices to repay investors.
由于SIV购买的资产担保证券的需求已不复存在,某些SIV不得不廉价出售财产,偿付投资者。
'For a good number of financial institutions, standing behind their SIVs and taking them on the balance sheet is a very positive step,' Mr. Paulson said.
鲍尔森表示,对很多金融机构来说,对SIV提供支持并将SIV资产计入自己的资产负债表中是迈出了积极的一步。
Even those who support the fund admit that it is, at best, a temporary solution, buying time so SIVs can find other sources of finance or wind down gracefully.
即便是该基金的支持者也承认,这最多也只是临时解决方案,为SIV争取一点时间,这样他们能够找到其他资金来源或体面地倒下。
But avoiding this direct liability may be of little help for the banking industry as a whole, since when SIVs cannot get funding, they are forced to sell assets.
但是银行业作为整体来讲,避免了这类直接责任并没有多少帮助,这是因为当SIV不能找到资金时,就会被迫出售资产。
However, rumours have been circulating that British banks were also keen to see a rescue fund established, as they hold a large share of the SIVs' most toxic tranches.
但是,已有谣言流传说英国银行也急切地看到有一个救援基金成立,因为他们拥有SIV最劣质资产的很大一部分。
Historians of the financial markets will recognise that what the SIVs and some hedge funds were doing was, at heart, the oldest game in the business: borrowing short and lending long.
金融市场史家会发现,从本质上讲,SIV和对冲基金所玩的无非就是这个行业最古老的把戏:短借长贷。
The hundreds of billions of dollars in the shadow banking system—the notorious SIVs and conduits that have caused the banks so much pain—have been warehoused there to get round the rules.
影子银行体系(声名狼藉的SIVs)的几千亿美元以及造成银行巨大损失的渠道,已贮入仓库用以避开资本充足率的现有标准。
The banks that provide credit lines to it will incur losses only after lower tranches held by the SIVs and outside investors have been wiped out, which seems unlikely even in current conditions.
向该基金提供信贷额度的银行只有在SIV和外部投资者持有的低端资产被清洗后才会损失,而即便以现状而言,也不太可能出现。
The banks that provide credit lines to it will incur losses only after lower tranches held by the SIVs and outside investors have been wiped out, which seems unlikely even in current conditions.
向该基金提供信贷额度的银行只有在SIV和外部投资者持有的低端资产被清洗后才会损失,而即便以现状而言,也不太可能出现。
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