bankruptcy remote special purpose vehicle

French translation: structure spécifique externe à la société en faillite

04:57 Dec 21, 2000

English to French translations [PRO]
Bus/Financial

English term or phrase: bankruptcy remote special purpose vehicle

"Such a securitization requires that the Company sells its accounts receivables to a bankruptcy remote special purpose vehicle (SPV)."

Luttenauer

French translation:structure spécifique externe à la société en faillite

Explanation:
Domaine(s) : finance 1 / 1

collateralized security entity

Syn.
special purpose vehicle
SPV
structure d'accueil n. f.

Syn.
organe ad hoc n. m.
structure spécifique n. f.

Déf. :
Entité à laquelle sont cédées des créances, par exemple des prêts hypothécaires, regroupées dans le but de les « titriser ».

Note :
Elle finance l'acquisition des créances par l'émission de titres négociables sur le marché des capitaux.
En France, le seul type de structure d'accueil actuellement autorisé par le législateur est le fonds commun de créances (FCC), juridiquement assimilable au fonds commun de placement, adapté pour les nécessités de la titrisation des créances.

[1994]

Selected response from:

Brigitte Gendebien
Belgium
Local time: 17:40

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Summary of answers provided

structure spécifique externe à la société en faillite

Brigitte Gendebien

bankruptcy remote special purpose vehicle

Cécile Trotin (X)

Answers

28 mins

structure spécifique externe à la société en faillite

Brigitte Gendebien
Belgium
Local time: 17:40
Native speaker of:

French
PRO pts in pair: 755

Grading comment

Graded automatically based on peer agreement.

1 day 1 hr

bankruptcy remote special purpose vehicle

Explanation:
Société de financement d'un projet, constituée pour l'occasion (c'est-à-dire pour la réalisation de ce projet)

People tend to use the English clause "Special Purpose Company" in French articles to refer to "Special Purpose Vehicule" and give an explanation in French.

Bankruptcy Remote Entity :
A subsidiary or affiliate corporation whose asset/liability structure and legal status makes its obligations secure even in the event of the bankruptcy of its parent or guarantor. Also called Special Purpose Vehicle (SPV), Derivatives Product Company (DPC)

Bankruptcy-remote special purpose entity ("SPE") is commonly used as ownership vehicle of choice in structured-financing transactions

Reference: http://newrisk.ifci.ch/

Cécile Trotin (X)
Local time: 17:40
PRO pts in pair: 79

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