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A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality". [ 1 ] Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.
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.
Here is a simplified example to demonstrate the principle: For example: 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:
The platform is owned by GeM SPV (Special Purpose Vehicle) which is a 100 percent Government-owned, non-profit company under the Ministry of Commerce and Industries, Government of India. [ 4 ] GeM is a contactless, paperless and cashless online marketplace that replaced the Directorate General of Supplies and Disposals (DGS&D) in 2016.
The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...
Sonderkraftfahrzeug (abbreviated Sd.Kfz., [1] German for "special purpose vehicle") was the ordnance inventory designation used by Nazi Germany before and during World War II for military vehicles; for example Sd.Kfz. 101 for the Panzer I, and Sd.Kfz. 251 for the armored personnel carrier made by Hanomag.
Offsite construction refers to the planning, design, manufacture and assembly of building elements at a location other than their final installed location to support the rapid speed of, and efficient construction of a permanent structure. Such building elements may be prefabricated offsite in a different location and transported to the site or ...
SPV can refer to the following: Sardar Patel Vidyalaya, a school in Delhi, India; Service for Poland's Victory, a Polish WWII resistance organization; Budd SPV-2000 rail car; Orange SPV, 2002 smartphone; Irish Section 110 Special Purpose Vehicle (SPV), type of company; Special purpose vehicle or special-purpose entity