Structured investment vehicle (SIV): related pages
Collateralised debt obligation
A debt instrument backed by debt, usually created by securitising assets of a financial institution.
Disintermediation
The removal of intermediaries from a process, supply chain or market. The commonest financial example is the issue of bonds to replace bank borrowing.
Credit rating
Ratings of the riskiness of debt and the credit-worthiness of corporate and sovereign borrowers. They are issued by a small number of agencies.
Bonds
A bond is a security that pays interest. The majority of bonds have a fixed life at the end of which the principal is returned.
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