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special-purpose vehicle

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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.
special-purpose vehicle

See special-purpose entity.
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Amara Dhari Investment Ltd, a special-purpose vehicle representing Gulf investors, is to buy Plus shares at 7.
Mideast investors buy 17 percent of UK market Plus by Times of Oman (Muscat, Oman)
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
Dual Considerations In addition to regulation, the other important consideration when deciding in what jurisdiction to launch a special-purpose vehicle would be the financial implications.
Open door: the United Kingdom is implementing new regulation that ... by Green, Meg / Best's Review
 
 
 
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