The typical structured finance transaction involves a debt issue made by a Cayman Islands corporation, trust or partnership known as a special purpose vehicle (SPV), which then acquires the underlying assets from the promoting financial institution.
This allows the financial characteristics of those underlying assets to be converted into readily transferable marketable debt instruments issued by the SPV. The instruments can be notes or bonds and may be rated and listed.
Acceptance of such issues
The week on Risk.net, December 2–8, 2017Receive this by email