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ERM Glossary: Special purpose vehicle (SPV) or special purpose entity (SPE)

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A special purpose vehicle (SPV) or special purpose entity (SPE) is an entity created to accomplish a narrow and well defined objective. There are often specific restrictions or limits around their ongoing activities. The term is most commonly used in connection with securitisation. In an EU context these types of vehicle (if they are set up in a corporate form) can also be called a Financial Vehicle Company (FVC).

 


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