The energy dissipation of inverted V-type eccentric steel braced frames can be achieved through the yielding of a slit link, through yielding of a number of strips between slits when the frame is subjected to inelastic cyclic deformation. On the other hand, the development of seismic resistance system without residual deformation is obtained by applying the superelasdtic shape memory alloy (SMA) material into the brace and link elements. This paper presents results from a systematic three-dimensional nonlinear finite element analysis on the structural behavior of the eccentric bracing systems subjected to cyclic loadings. A wide scope of structural behaviors explains the horizontal stiffness, hysteretic behaviors, and failure modes of the recentering eccentric bracing system. The accurate results presented here serve as benchmark data for comparison with results obtained using modern experimental testing and alternative theoretical approaches.