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.

References in periodicals archive ?
Insurance-linked securities are often issued from a special-purpose vehicle, which the United Kingdom hopes to court with its new friendlier regulation.
"We hope that Europe will keep its promises over the implementation of 'Special-Purpose Vehicle' (SPV) to bypass the US sanctions," Qassemi told reporters in his weekly press briefing.
Special-purpose vehicles (electric transportation machine, a special purpose vehicle with spray equipment, universal self-propelled machinery for cleaning sidewalks) purchase.
"A master finance agreement was entered into between Nedbank Capital, Bank of China and a special-purpose vehicle known as Mamba Cement Company," said Nedbank head of infrastructure Brett Botha.
Moreover, the number of imported special-purpose vehicles increased by 16 units and amounted to 81.
Auto Business News-May 15, 2019--BMW launches tailor-made special-purpose vehicles
M2 EQUITYBITES-May 15, 2019--BMW launches tailor-made special-purpose vehicles
The office will also monitor any debts that are published by the federal government, statutory bodies and special-purpose vehicles in a holistic manner.
China-based Foton, which manufacturers trucks in partnership with Daimler of Germany, unveiled its full range of light, medium and heavy duty trucks and special-purpose vehicles, at an event in Dubai.
"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.
Laxa Special Vehicles (http://www.laxasv.se), which has a long- term cooperation with Scania, is responsible for adapting cabs and chassis for special-purpose vehicles such as heavy-haulage vehicles and fire engines.