Many commercial banks took a page from Enron's playbook and
created special purpose vehicles that allowed the banks to keep risky assets on the balance sheets of the vehicles instead of on their own, Nagel said.
Organisations which use this method
create a Special Purpose Vehicle or SPV (usually a Trust) and commit their existing assets or future receivables to it.
In that deal, AIG and the Federal Reserve Bank of New York
created a special purpose vehicle for AIA in order to prepare the unit for an initial public offering.
Not exact matches
In a rare move, Goldman is planning to
create a «
special purpose vehicle» to allow its high - net - worth clients to invest in Facebook, these people said.
So they
create a one - time
special purpose investment
vehicle (while greedily asking for even more carry).
The second way is for a seller to
create a
special -
purpose vehicle, usually a limited liability company, to which ownership of the tokens, or of rights to the tokens in the form of a SAFT, is transferred.
This includes things like
special -
purpose vehicles (SPVs)
created by banks to take assets off their balance sheet and fund them using asset - backed commercial paper (ABCP).