Cullinan Finance is a SIV run by HSBC with total asset portfolio around $27bn (Fitch: ABCP conference 2007). It was established in 2005 and it is currently managed by a team lead by Dominic Swan, who previously lead the SIV rating department at Moody's. It was notable for growing faster than any other SIV so far, and is currently one of the 6 largest SIVs. On 26 November 2007, HSBC announced that it would rescue two SIV's, Cullinan Finance and Asscher, by moving them onto its balance sheet and providing up to $35 billion.[1]
