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  2. Orphan structure - Wikipedia

    en.wikipedia.org/wiki/Orphan_structure

    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.

  3. Special-purpose entity - Wikipedia

    en.wikipedia.org/wiki/Special-purpose_entity

    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.

  4. Tranche - Wikipedia

    en.wikipedia.org/wiki/Tranche

    A bank transfers risk in its loan portfolio by entering into a default swap with a ring-fenced special purpose vehicle (SPV). The SPV buys gilts (UK government bonds). The SPV sells 4 tranches of credit linked notes with a waterfall structure whereby: Tranche D absorbs the first 25% of losses on the portfolio, and is the most risky.

  5. Structured product - Wikipedia

    en.wikipedia.org/wiki/Structured_product

    Therefore, the investor chooses to purchase a structured product on the stock instead: an agreement ('contract', 'certificate', 'note') with another entity (e.g. a bank) that pays out the full return on the given stock, but only if the stock surpasses a specified threshold, such as this 20%, over a specified time period.

  6. Instrument in Support of Trade Exchanges - Wikipedia

    en.wikipedia.org/wiki/Instrument_in_Support_of...

    Ali Khamenei, Leader of the Islamic Revolution, commented by likening the European financial mechanism for trade with Iran to a “bitter joke". [6] As of May 2019, the use of the SPV was limited to humanitarian purposes; such as the purchase of foods or medicines. [2] INSTEX had been made available to all EU member states.

  7. How do secured loans work? - AOL

    www.aol.com/finance/secured-loans-020828573.html

    Types of secured loans. There are many types of secured loans. Five of the most common include: Mortgage: With a mortgage, you put your home or property up as collateral to buy that home.If you ...

  8. Algorithmic Contract Types Unified Standards - Wikipedia

    en.wikipedia.org/wiki/Algorithmic_Contract_Types...

    ACTUS has been implemented as a set of royalty-free, open standards for representing financial contracts. The standards combine three elements. First, a concise data dictionary that defines the terms present in a particular type of financial contract. Second, a simple but complete taxonomy of the fundamental algorithmic contract type patterns.

  9. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    Unlike a traditional hire purchase, where the customer repays the total debt in equal monthly instalments over the term of the agreement, a PCP is structured so that the customer pays a lower monthly amount over the contract period (usually somewhere between 24 and 48 months), leaving a final balloon payment to be made at the end of the ...