Special Purpose Vehicle

(redirected from SPV)
Also found in: Dictionary, Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
"I am delighted that the first use of the guarantee from the SPV is for the renewal of one of our most popular podcasts.
Dinesh Kumar Tyagi, CEO, CSC SPV, said, "The association with NECTI will help in utilising technologies for delivery of various services to citizens, especially those living in rural India.
But leaving unsanctioned humanitarian trade to the SPV would be a terrible mistake.
In a related front, on December 15, Head of Iranian Parliament's Research Center Kazzem Jalali said that the awaited European Union's promise to establish the Special Purpose Vehicle (SPV) for carrying out financial transactions with Iran has not been put into place, adding that EU's procrastination is undermining public trust in Europeans.
The identification and characterization of the SPV genotype present in this region are important for effective disease control.
Zia added that according to the SPV model, the buyer purchases the company instead of buying a property owned by the company, which in return exempts the buyer from paying stamp duty on the property.
''It feels great to have secured two championship belts, first in Division Three and the SPV category.
Their proposal is to create a "Special Purpose Vehicle" (SPV) - effectively a third-party institution that would handle transactions between Iran and companies trading with it.
Elbit Imaging announced, further to its press release dated July 18, 2018, that it has signed a Share Purchase Agreement with an SPV related to Exigent Capital Group for the sale of between 11,574,146 ordinary shares of Elbit Medical Technologies and 115,741,467 ordinary shares of Elbit Medical for a price per share of NIS 0.96.
Under the option agreement, AMIC will create a special purpose vehicle (SPV) incorporated in Saudi Arabia and contribute its ownership interest along with USD322m of debt currently held by AMIC (the AMIC debt).
A special purpose vehicle (SPV) has been set up to develop approximately 330 megawatts of Thar coal-fired power generation facility in Block II, Tharparkar, Sindh on a build, operate and own basis.
There has been an increasing interest of foreign investors in the use of special purpose vehicles ('SPV') in the structuring of securitisation transactions in the UAE.