Cullinan Finance
Cullinan Finance is a Structured investment vehicle (SIV) run by HSBC with total asset portfolio around $27 billion USD.[1]
It was established in 2005. As of 2007 it was managed by a team led by Dominic Swan, who previously led the SIV-rating department at Moody's.
It was notable for growing faster than any other SIV so far and is as of 2007 one of the six largest SIVs.
On 26 November 2007, HSBC announced that it would rescue two SIV's, Cullinan Finance and Asscher, by moving them onto its balance sheet and providing up to $35 billion.[2]
References
- ↑ (Fitch: ABCP conference 2007). [Clarify?]
- ↑ FT.com / Companies / Financial services - HSBC in $45bn SIV bailout
This article is issued from Wikipedia - version of the 8/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.