HSBC SIVs to be restructured
With HSBC announcing plans this week to restructure its two SIVs, Cullinan and Asscher, EuroWeek looks at the options open to other vehicles including the chances for M-LEC, the super SIV. Meanwhile, money market tensions continue to grow ahead of year end, and asset backed commercial paper issuers still need to roll as much $70bn into 2008.
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