Sentences with phrase «special purpose vehicle»

A special purpose vehicle (SPV) is a legal entity created for a specific limited-time purpose, often used in finance and accounting. Full definition
Although these types of transactions are usually issued through special purpose vehicles, this is not always the case.
We also create special purpose vehicles (SPVs) to purchase investments with general partners.
Under the facility, the Federal Reserve Bank of New York provides senior secured funding to a series of special purpose vehicles to facilitate the purchase of assets from eligible investors, such as U.S. money market mutual funds.
The aircraft were purchased by two Cayman Islands incorporated special purpose vehicles established by HI Investment & Securities, from a Chinese leasing company, and remain on lease with Emirates following the acquisition.
Of the 74 per cent, Biyani's flagship Pantaloon Retail directly and via special purpose vehicles holds close to 50 per cent stake, while the Biyani family holds around 25 per cent.
Korte has told us in the past that AngelPad also relies heavily on special purpose vehicles (or SPVs) to double - down on its breakout companies.
While the S.E.C. requires companies with more than 499 investors to disclose their financial results to the public, Goldman's proposed special purpose vehicle may be able get around such a rule because it would be managed by Goldman and considered just one investor, even though it could conceivably be pooling investments from thousands of clients.
The SEC will surely have something to say about the idea of skirting reporting requirements with special purpose vehicles, but the deal seems like a watershed moment for SecondMarket, which is a fascinating success story on its own, and other buyers and sellers of privately held companies.
The bond is unrated, per a prospectus issued in October, but an independent special purpose vehicle sponsored by Ghana had the bond hovering around a B - stable rating, according to Fitch, among others.
If it is its own bankruptcy remote Special Purpose Vehicle (SPV — no recourse to a parent company), then there is the risk that the assets in the SPV might not earn the returns necessary over the long haul to pay the interest and redeem the principal.
That said, it is important not to demonise perfectly legitimate models of business by dint of a particularly broad brush with which to paint special purpose vehicles.
This is also evident from the flexible models that the local regulator has sought to introduce over the years in relation to insurance, including protected cell companies, incorporated cell companies, securitisation cell companies and reinsurance special purpose vehicles, amongst others.
Winning a defense verdict in a $ 750 million breach of contract trial in New York involving two Irish special purpose vehicles
MicroVenture Marketplace is a FINRA registered broker - dealer, offering both primary and secondary investment opportunities through special purpose vehicles or directly into issuers.
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.
An acquisition finance transaction is usually structured with an investment vehicle in the form of a newly incorporated special purpose vehicle (SPV) which acts as the purchaser and borrows the acquisition finance.
Korte has told us in the past that AngelPad also relies heavily on special purpose vehicles (or SPVs) to double - down on its breakout companies.
Previously Anzu set up «special purpose vehicles,» drawing together a mix of family offices and high - net worth individuals to back early - stage start - ups or to take divestitures (a.k.a. spin - outs) from Fortune 500 companies.
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.
He was going to roll up all these special purpose vehicles from all the banks, then that was abandoned.
In the past, we have offered our investors the opportunity to purchase equity, either as direct investments or through special purpose vehicles, in late - stage companies such as Facebook, Twitter, Yelp, Pinterest, Dropbox, Nutanix, Meetup, Spotify, Palantir, Pinterest, DocuSign and The Honest Company.
Makes investments in early and mid-stage venture - backed companies through primary rounds and through special purpose vehicles.
Prior to the consummation of the Formation Transactions described below, our business was operated through our predecessor limited liability company, SoulCycle Holdings, LLC, or SCH, the only members of which were Equinox Holdings, Inc., or EHI, our founders, Elizabeth P. Cutler and Julie J. Rice and trusts for the benefit of their respective families, and a special purpose vehicle formed to hold equity ownership in SCH on behalf of certain SCH employees.
Apply will hold 70 % of the special purpose vehicle, and will provide a financing framework (owners» loans) under terms and conditions set forth in the agreement «subject to the needs of the activity and business viability.»
Applied reported to the Tel Aviv Stock Exchange (TASE) yesterday that it had signed an agreement in principle with third parties to establish a special purpose vehicle, «in the framework of which the parties will develop a platform for marketing, distributing, and referring customers to blockchain and digital currencies trading systems and platforms.
A week after the announcement by Fantasy Network, Apply Advanced Mobile Technologies Ltd. (TASE: APLY), controlled by Noam Lanir, announced that it had signed an agreement in principle with third parties to establish a special purpose vehicle, «in the framework of which the parties will develop a platform for marketing, distributing, and referring customers to blockchain and digital currencies trading systems and platforms.»
Our investments are made through a special purpose vehicle, established solely for the purpose of investing in a particular company.
But there is nothing to prevent it from funding a Special Purpose Vehicle that buys a broad basket of stocks through indexes or Exchange Traded Funds.
Crowdfunding effectively utilizes technology to aggregate many small investments, which it invests through a special purpose vehicle, and for which it typically takes 20 - 30 % carried interest.
A special purpose vehicle (SPV) was formed with the aim of developing basic infrastructure for a collection of food processing industries in order that they are developed into an agro-based industrial hub.
That call, apparently resulted in what seemed a special purpose vehicle, by an American investor - CAPCOM, which came with the hope of reviving the CDMA segment.
Following this agreement, the university established a company, the University of Ghana Medical Center (UGMC) Limited to serve as a Special Purpose Vehicle (SPV) that will oversee the operations of the facility.
As a result, the Ministry of Finance this year sponsored the establishment of the E.S.L.A. Plc as a Special Purpose Vehicle (SPV).
Under the scheme, Folorunsho said about N40billion has been set aside to serve as a special purpose vehicle to ensure proper implementation of the programme to farmers nationwide.
On the political front, he embarked on a deliberate and systematic destruction of the Peoples Democratic Party (PDP), the special purpose vehicle (SPV) that actualized the Army Arrangement (apologies to Fela) that gifted him presidential power.
The PDP National Publicity Secretary, Mr. Kola Ologbondiyan, in a statement in Abuja on Wednesday said it was clear that the APC remained an ideologically empty movement and a special purpose vehicle put together by «egoistic strange bedfellows just for the purpose of winning political power and not for the good of Nigerians.»
Volvo calls it a «Special Purpose Vehicle
«In order to meet the second challenge, Apple buys up global rights to its product names, but uses a «special purpose vehicle
Some structured product issuers are «special purpose vehicles» (sometimes called «SPVs») with little or no financial substance.
The Federal Reserve Board announces the creation of the Commercial Paper Funding Facility (CPFF), which will provide a liquidity backstop to U.S. issuers of commercial paper through a special purpose vehicle that will purchase three - month unsecured and asset - backed commercial paper directly from eligible issuers.
Ackman, through a special purpose vehicle created by both Valeant and Ackman, started to acquire shares and options in Allergan.
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.
A second 33.5 MW (AC) project, dubbed Morovis Solar, is being developed by the Spanish company X-Elio through the special purpose vehicle Morovis Solar LLC.
The loan will be provided to Desert Solar Power One — a special purpose vehicle formed for the development of this project, ultimately owned by London & Dubai based investment group United Green, and German headquartered Tucher Group.
a b c d e f g h i j k l m n o p q r s t u v w x y z