Revolving credit facility and SSPE: Difference between pages

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imported>Doug Williamson
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(RCF). A facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time.
Securitisation Special Purpose Entity.
An RCF is similar in this respect to an overdraft.
 
A special purpose entity used to carry out securitisation transactions.
 
Also sometimes known as a ''securitisation special purpose vehicle''.
 
 
The legal structure and activities of the SSPE are designed to isolate its obligations from those of the originator and the holders of the beneficial interests in the securitisation.


However, RCFs are normally for much larger amounts than overdrafts, and RCFs - unlike overdrafts - are not usually repayable on demand.


== See also ==
== See also ==
* [[Overdraft]]
* [[Beneficial owner]]
* [[Rollover]]
* [[CDO]]
* [[Conduit]]
* [[Off balance sheet finance]]
* [[Securitisation]]
* [[Security]]
* [[Special Purpose Entity]]
* [[Sukuk]]
* [[CMBS]]
 


===Other links===
[http://www.treasurers.org/node/9209 The return of securitisation, The Treasurer, July 2013]

Revision as of 10:33, 10 July 2019

Securitisation Special Purpose Entity.

A special purpose entity used to carry out securitisation transactions.

Also sometimes known as a securitisation special purpose vehicle.


The legal structure and activities of the SSPE are designed to isolate its obligations from those of the originator and the holders of the beneficial interests in the securitisation.


See also


Other links

The return of securitisation, The Treasurer, July 2013