Master Liquidity Enhancement Conduit
Structured investment vehicle, Subprime mortgage crisis
Herausgegeben: Garfield, Norton Fausto
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Master Liquidity Enhancement Conduit, also known as the Super SIV, was a plan announced by three major banks based in the United States on October 15, 2007, to help alleviate the subprime mortgage financial crisis. Citigroup, JPMorgan Chase, and Bank of America created the plan in an effort to stave off financial damage. Due to a tightening of the credit markets linked to the crisis, a number of structured investment vehicles, backed by major banking institutions,...
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Master Liquidity Enhancement Conduit, also known as the Super SIV, was a plan announced by three major banks based in the United States on October 15, 2007, to help alleviate the subprime mortgage financial crisis. Citigroup, JPMorgan Chase, and Bank of America created the plan in an effort to stave off financial damage. Due to a tightening of the credit markets linked to the crisis, a number of structured investment vehicles, backed by major banking institutions, found themselves less able to obtain short-term financing on the open market, which they need in order to ensure their continued operations, due to investors concerns about the SIVs exposure to subprime mortgages.
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