Sentences with phrase «created special purpose vehicles»

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).