Sedna Finance

Sedna Finance is an SIV managed by Citi group. It is notable for being the first modern 3 tier structured SIV. It was not, however, the first 3 tier SIV, as much older SIV's such as Asset Backed Capital (now Orion Finance) used 3 tier structures; these old structures used much larger proportions of junior capital to mezzanine capital. As of 2007 it has a balance sheet of approximately $10bn.

This article is issued from Wikipedia - version of the 5/25/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.