Special Purpose Entity

(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

• Conduit
• Entity
• Securitisation
• SPAC
• Special purpose vehicle
• Sponsor
• SSPE