An explanation on what happened, and what to do now.
For point #2, they had $91B in HTM (Held-to-Maturity) MBS and government securities. This was the bulk of the money held for 10y at 1.7%.
Page 64
https://s201.q4cdn.com/589201576/files/doc_financials/2022/q4/f36fc4d7-9459-41d7-9e3d-2c468971b386.pdf
Thanks for the quick turn around! Easy and informative read.
BTW, the Alchemist Accelerator is maintaining a live doc "Guide to SVB receivership" with the latest news. Please share the below with any startups that are having problems with SVB.
https://docs.google.com/document/d/1DcUMxgE-Tc2k_dPyzNvApbmsf0g2G8UPxhwfHLIWGGY/edit#heading=h.4fv8i0x9bs6g
Very thorough and helpful thank you!
For point #2, they had $91B in HTM (Held-to-Maturity) MBS and government securities. This was the bulk of the money held for 10y at 1.7%.
Page 64
https://s201.q4cdn.com/589201576/files/doc_financials/2022/q4/f36fc4d7-9459-41d7-9e3d-2c468971b386.pdf
Thanks for the quick turn around! Easy and informative read.
BTW, the Alchemist Accelerator is maintaining a live doc "Guide to SVB receivership" with the latest news. Please share the below with any startups that are having problems with SVB.
https://docs.google.com/document/d/1DcUMxgE-Tc2k_dPyzNvApbmsf0g2G8UPxhwfHLIWGGY/edit#heading=h.4fv8i0x9bs6g
Very thorough and helpful thank you!