What is the purpose of a Special Purpose Vehicle (SPV)?
The purpose of a Special Purpose Vehicle (SPV) is to separate the liabilities and assets of a particular financing transaction from the liabilities and assets of its founder, and it is used for transactions involving credit, borrowing, securitization, bond issuance, and transfer of risks associated with insurance, reinsurance, and derivatives transactions in accordance with the provisions of the decision of the SCA regulating such activities.