Schuldschein and Special purpose vehicle: Difference between pages

Revision as of 15:17, 31 October 2016

(SPV).

A legal entity established to facilitate a single transaction or purpose.

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-A loan instrument usually governed by German law.
+(SPV).
-Schuldschein is sometimes translated as 'certificate of indebtedness'.
-Schuldscheine are bilateral loans, privately placed, unlisted and unregistered.
-They are not securities as the debt is legally constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself.
-Historically the largest category of Schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions.
-Also known as Schuldscheindarlehen (SSD).
+A legal entity established to facilitate a single transaction or purpose.
 == See also ==
-* [[Private placement]]
+* [[Asset backed commercial paper]]
-* [[PEPP]]
+* [[Conduit]]
-* [[USPP]]
+* [[Securitisation special purpose vehicle]]
+* [[Special Purpose Entity]]
+* [[Sponsor]]
+* [[SSPE]]
-===Other links===
+[[Category:Corporate_finance]]
-[http://www.treasurers.org/node/4070 A burst of energy, The Treasurer, 2008]