Special Purpose Vehicle

(redirected from Special-Purpose Vehicles)

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.
References in periodicals archive ?
Contract award: special-purpose vehicles with special equipment for cleaning of sewage networks and treatment purchase leasing.
Backed by our automotive dealership expertise spanning 35 years, Liberty Automobiles has decided to expand its portfolio by entering the new segment of trucks and special-purpose vehicles," said Sheikh Khalid Bin Abdul Aziz Al Qasimi, chairman of Liberty Investment Company, holding company of the Liberty Group.
Summary: DUBAI - Liberty Automobiles, one of UAE's oldest and reputed automotive dealers, has diversified into dealership of heavy, medium and light duty trucks and special-purpose vehicles, following an agreement with Beiqi Foton Motor Co Ltd (Foton), China, which manufactures these vehicles in partnership with Daimler.
The equipment includes aerospace and space flight ground support items, automotive and special-purpose vehicles that support Dryden research programs and general center operations.
Criteria for Special-Purpose Vehicles in Structured Finance Transactions' (June 13, 2011);
SANY), for the delivery and sale of concrete pump chassis and other special-purpose vehicles in China.
The word captive has become a broad term used to describe a variety of self-insurance arrangements, including newer innovations, such as customer insurers, warranty insurers, cell captives and special-purpose vehicles formed for the benefit of their noninsurance owners.
MAN Truck & Bus AG and SANY Heavy Industries sign a master agreement on the delivery and sale of concrete pump chassis and other special-purpose vehicles in China.
We are strengthening our bonds to a partner with competence that is of strategic importance to our effort of increasing global sales of special-purpose vehicles," says Martin Lundstedt, Executive Vice President and head of Franchise and Factory Sales at Scania.
Management projects no significant changes on the main corporate strategic targets or pressures on the financial profile, as approximately 87% of Petrobras' funding needs (investments and debt amortizations) should continue to be met via internal cash flows, with the rest to be financed with conventional financing mechanisms, project structures, and special-purpose vehicles.
The company is a leading manufacturer of commercial trucks, heavy-duty special-purpose vehicles, buses, coaches, and diesel and natural-gas engines.