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A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
52 Singapore. 53 South Africa. 54 ... Irish Section 110 Special Purpose Vehicle (SPV) Italy ... Sleeping partners invest in the business and are entitled to a share ...
Orphan structure or Orphan SPV or orphaning are terms used in structured finance closely associated with creating SPVs ("Special Purpose Vehicles") for securitisation transactions where the notional equity of the SPV is deliberately handed over to an unconnected 3rd party who themselves have no control over the SPV; thus the SPV becomes an "orphan" whose equity is controlled by no one.
Often, taxes levied by an investor's home country are critical to the profitability of any given investment. Using offshore-domiciled special purpose mechanisms (or vehicles) an investor may reduce the amount of tax payable, allowing the investor to achieve greater profitability overall.
They are mostly commonly used in the formation of collective investment schemes as umbrella funds and for the formation of captive insurance companies (typically a variation of a "rent-a-captive"). They are also sometimes used as asset holding vehicles (characteristically where each portfolio holds a single ship or aircraft ) and they can also ...
"The financial institutions that originate the loans sell a pool of cashflow-producing assets to a specially created "third party that is called a special-purpose vehicle (SPV)". The SPV (securitization, credit derivatives, commodity derivative, commercial paper based temporary capital and funding sought for the running, merger activities of ...
Singapore: SG1CF3000008: 28 June 1999 A-Sonic Aerospace Limited: Singapore: SG1CH8000009: 17 September 2003 ABF Singapore Bond Index Fund: Singapore: SG1S08926457: 31 August 2005 ABR Holdings Limited: Singapore: SG0533000253: 7 November 2008 Abterra Ltd: Singapore: SG2C12961455: 15 June 2000 Accordia Golf Trust: Singapore: SG1AB5000009: 1 ...
In April 2008, HPI also acquired a special-purpose vehicle SinoSing Power from China Huaneng Group for approx. US$985 million. [12] [13] That SPV acquired Tuas Power from Singapore government owned Temasek Holdings for SG$4.235 billion (approx. US$3.1 billion) in March 2008 in a leverage buyout. [13] [14] [15]