Debt SPV. A Special Purpose Vehicle (SPV) set up specifically to issue a debt security or securities. It is set up by a company or a group of companies to create instruments that are off the company's Balance Sheet.
The SPV exists for a specific period of time and is then disbanded. It may take the form of an LLC or other legal entity. Special Purpose Vehicles are also referred to as bankruptcy remote entities, as they isolate financial risk.
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.