Member-administered closed user group and Special Purpose Entity: Difference between pages

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imported>Doug Williamson
(Expand for general definition of member.)
 
imported>Doug Williamson
(Expand.)
 
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(MA-CUG).  
(SPE).  


Companies can gain direct access to SWIFT via a MA-CUG sponsored by their bank.  
A legal entity established to facilitate restricted transactions or purposes for a particular sponsor or sponsors, often characterised by severely limited independence of decision making and a relatively small capital base.
 
However, unlike SCORE, a company can only communicate with its sponsoring bank.
 
An SPE used for a securitisation is known as a securitisation special purpose entity (SSPE).
It has to join a MA-CUG for each bank with which it wants to communicate.




== See also ==
== See also ==
* [[Member]]
* [[Conduit]]
* [[SCORE]]
* [[Securitisation]]
* [[Standardised corporate environment]]
* [[Special purpose vehicle]]
* [[SWIFT]]
* [[Sponsor]]
* [[Payments and payment systems]]
* [[SSPE]]


[[Category:Cash_management]]
[[Category:Compliance_and_audit]]

Revision as of 15:36, 31 October 2016

(SPE).

A legal entity established to facilitate restricted transactions or purposes for a particular sponsor or sponsors, often characterised by severely limited independence of decision making and a relatively small capital base.


An SPE used for a securitisation is known as a securitisation special purpose entity (SSPE).


See also

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