Template:SIV - FWMD: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{fwmdtt|nickname=SIV| imagetype=png| tagline=You give me that “Duration-My-Mismatch” crap, you can cram it your ass.” | documentation=Fund constitutions, prospectus..." |
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{{fwmdtt|nickname=SIV| imagetype=png| tagline=You give me that “Duration-My-Mismatch” crap, you can cram it your ass. | {{fwmdtt|nickname=SIV| imagetype=png| tagline=You give me that “Duration-My-Mismatch” crap, you can cram it your ass.| documentation=Fund constitutions, [[prospectus]]es, [[commercial paper]] programmes, [[IMA]]s, [[subscription agreement]]s, redemption gates: documentation galore, though none of it makes a damn of difference when the market won’t roll your paper.| docscore=7| amendability=Nope. It’s CP. If you don’t like it, don’t ''roll'' it. |amendscore=0| collateral=Yeah well here’s the problem. Portfolios of mortgages. Secured, collateralised, diversified... and as illiquid as hell. Extra points for ''looking'' safer than it was.| collateralscore =8| transferability=Some, in theory, but it is CP. It redeems in a month. Why transfer it? Just let it roll off.| transferscore =5| leverage=Not levered, as such, but a means of ''providing'' leverage. When you most want your money back, fast, you are least likely to get it.| leveragescore =8| frightometer=Before 2007: We have allocated risk to those in the market best placed to bear it. After: ARMAGEDDON.| frightscore=10}} | ||
Revision as of 12:51, 10 December 2022
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| Docs | Fund constitutions, prospectuses, commercial paper programmes, IMAs, subscription agreements, redemption gates: documentation galore, though none of it makes a damn of difference when the market won’t roll your paper. | 7 |
| Amendability | Nope. It’s CP. If you don’t like it, don’t roll it. | 0 |
| Collateral | Yeah well here’s the problem. Portfolios of mortgages. Secured, collateralised, diversified... and as illiquid as hell. Extra points for looking safer than it was. | 8 |
| Transferability | Some, in theory, but it is CP. It redeems in a month. Why transfer it? Just let it roll off. | 5 |
| Leverage | Not levered, as such, but a means of providing leverage. When you most want your money back, fast, you are least likely to get it. | 8 |
| Fright-o-meter | Before 2007: We have allocated risk to those in the market best placed to bear it. After: ARMAGEDDON. | 10 |