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Special Purpose Vehicle
(redirected from Special-Purpose Vehicles)

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Special Purpose Vehicle
A subsidiary of a company that attempts to isolate risk from the parent company by maintaining its assets and liabilities on a completely separate balance sheet. It can be used as a counterparty in swap transactions, or the parent company can finance a project through an SPV that would put the parent company in danger of bankruptcy if the project does not perform well. During the Enron scandal, SPVs developed notoriety because Enron hid much of its debt in SPVs.
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The categories in which the vehicles were honoured were Cross-Country Vehicles, Luxury Cross-Country Vehicles, Sports Utility Vehicles, Luxury SUVs, Classics, Pick-Ups, Special-Purpose Vehicles and Crossover Vehicles.
Off Road Magazine honours Mercedes-Benz Unimog by Auto Business News (ABN)
Northern Rock did not hide its loans off its balance sheet, but did make liberal use of offshore trusts and special-purpose vehicles - and PwC was deeply involved.
Banks hooked on a numbers game that didn't add up by guardian.co.uk / guardian.co.uk
The new regulations treat insurance special-purpose vehicles with less onerous supervision than other types of insurers or reinsurers, and also speed tip the time needed to establish one.
Open door: the United Kingdom is implementing new regulation that ... by Green, Meg / Best's Review
 
 
 
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