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An undertaking, trust or other unit, established for a specific purpose, the activities of which are limited solely to the purpose of the special purpose vehicle, and the structure of which is intended to separate the special purpose vehicle from the risk of default of the originator or seller of positions. Special purpose vehicles are usually used as financing vehicles, in which exposures to are sold to a trust property or a similar entity and are paid for in cash or by transferring of other assets, which are financed by means of debt securities issued by the trust property.

Term-Nr.: 803

German: Zweckgesellschaft (882)

Source: FMA AT m. e. E., 30.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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