Cheyne, IKB SIVs Default on Commercial Paper as Assets Fall

Story date: 2007-10-19 10:53:00
Added on: 2007-10-19 13:22:01

Bloomberg - The companies borrow in the short-term debt market and use the proceeds for buying mortgage-backed bonds and collateralized debt obligations. Falling market prices for assets forced the companies to declare all of their debt due this week ...


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