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About $41.6 billion worth of thos have already been bought by the special purpose entity, Mr. Ashooh said.
For that reason, they could not be quarantined in the special purpose entity that A.I.G. and the Federal Reserve were creating.
In 1998, as US wholesale electricity prices started to spike upwards, Enron used a special purpose entity to buy generating capacity close to New York City.
Firstly, we have developed a banking tool which requires additional instruments in the form of a special purpose entity under the Polish Investments programme.
wall street journal Interesting Deals That Flew Under the Radar | The last several weeks have brought several fascinating, less noticed deals, including the Georgia Gulf/PPG deal and the holdings of Philip Falcone's special purpose entity, the Deal Professor writes.
Many of the transactions involve an accounting structure known as a "special purpose entity" or "special purpose vehicle" (referred to as an "SPE" in this Summary and in the Report).... Through the use of options, the SPE purported to take on the risk that the price of the stock of Rhythms NetConnections Inc. ("Rhythms"), an internet service provider, would decline...
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What is a special-purpose entity?" "We don't know.
In those prototypes, the special-purpose entity borrowed only from banks or other financial institutions.
"But everything else that uses a special-purpose entity is up for reconsideration," he said.
After months of discussion, Paramax established a special-purpose entity to conduct the swap and capitalized it with $4.6 million.
Each deal involves a single-purpose entity or corporation to invest the equity and take on debt.
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