From the Collaborative Bond and Money Market Data Portal
The ABS – Asset Backed Securities - SIV, or Structured Investment Vehicle industry consists of Non-Bank Structured Finance Vehicle entities that issue short-term commercial paper to finance purchases of long-term assets. SIV’s attempt to profit off the credit spread between the commercial paper they issued and the long term asset they purchased.
Collateralisation is the process of buying assets which are financed by asset backed securities, bonds or debt instruments backed by the value of those assets. This is different from securities that are linked to a credit, a commodity, an equity or a foreign exchange or baskets and or hybrids thereof. These instruments are not classified at the entity level but at the instrument level by their Category.
The Industry Sector is a classification that describes the activity of an entity within the economy. The classification is based on where the relevant entity derives the majority of its revenue.
In the Collaborative Bond and Money Market Data Model the ABS – Asset Backed Securities - Aircraft Finance Industry Sector appears within the Industry Sector Type: Structured Finance Vehicle.
CMDportal uses industry sector classifications both at the Legal Entity level, as well as at the Group level. At the Legal Entity level the entity is classified by their actual industry activity. Accordingly, we classify an issuer of Asset Backed Securities that is part of a Universal Bank as an ABS type issuer at the entity level but at the group level as a “Bank – Universal.”
Based on available data, on the 18th of April 2018 the size of The ABS – Asset Backed Securities - SIV Bond Market at entity level was USD159bn equivalent. At the group level the size of the market was USD16bn equivalent.
For information on the size of the ABS – Asset Backed Securities - SIV Bond Market, please use CMDportal's data sheet tool.
For information on the composition of the Structured Investment Vehicle Bond Market, please use CMDportal's issuer search tool.
For information on active dealers in the Structured Investment Vehicle Bond Market, please use CMDportal's dealer search tool.
For information on active investors in the Structured Investment Vehicle Bond Market, please use CMDportal's investor search tool.