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The ABS Guidelines are neutral on the legal form of an SPV and market participants are free to decide the most suitable SPV form in any securitisation structure. SPVs can be established as either companies or as trust structures. Where the SPV is established as a company, the amount of its paid-up capital would be determined by the promoters.
Remark: A Bond is a debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used by companies, municipalities, states and U.S. and foreign governments to finance a variety of projects and activities.
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