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12 Feb 2008
Standard Chartered has dropped its support for an off-balance sheet investment vehicle, putting the SIV into the hands of receivers Deloitte.
The bank had pledged to support the SIV, Whistlejacket, and bring it on balance sheet, but said yesterday that its offer of liquidity only stood where the asset values were higher than the threshold value of 95%.
The FT reported that Deloitte are expected to be the receiver.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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