Standard Chartered Forced To Pull Plug On SIV Liquidity Support

Standard Chartered Bank will no longer provide liquidity support to its Whistlejacket structured investment vehicle after the SIV went into receivership after breaching its capital value trigger.

  • 12 Feb 2008

--Cristina Pittelli

Standard Chartered Bank will no longer provide liquidity support to its Whistlejacket structured investment vehicle after the SIV went into receivership after breaching its capital value trigger. The SIV’s capital value fell below 50%, causing the SIV to be put into receivership. The Bank of New York ...

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