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.
References in periodicals archive ?
Cars, small trucks, trucks, special purpose vehicles and tractors increased with a ratio of 49.
Easy-to-implement best practices for deconstructing and re-characterizing special purpose vehicles in bankruptcy, including tips for minimizing the risks of the SPV's bankruptcy (e.
The contract is for the supply of special purpose vehicles for the emergency needs of the Military Police, including mobile monitoring center - 2 copies.
Contract notice: Acquisition of special purpose vehicles.
Launched in 2004, this platform has allowed for the establishment of German special purpose vehicles (SPVs) and accelerated the growth of German securitisation transactions.
An agreement has been inked by Plutus PowerGen PLC with Rockpool Investments LLP to offer funding for special purpose vehicles to back the construction of ten flexible energy generation plants in the UK.
collectively, the special purpose vehicles, or SPVs) each an Issuer Default rating (IDR) of 'BBB'.
The city of Xi'An has approximately 20,000 Taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas.
special purpose vehicles with special equipment for cleaning of sewage networks and treatment.

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