Special Purpose Vehicles (SPVs)
Off balance sheet SPVs are used in transactions where a bankruptcy remote vehicle is required to purchase assets, e.g. credit card receivables, and to issue limited recourse notes to third-party investors secured by those assets.
The SPV is customarily owned by a charitable trust so that the SPV is viewed as an independent entity to avoid challenge.
Trident Trust can act as the offshore trustee of the charitable trust and provide management and administration for the underlying SPV.
For more information, contact Asia | Europe | Middle East | USA.