Special investment vehicles

The traditional concept of a custodian as explained above is applicable to those deal types that hold the assets noted. This is usually the case for ABCP programs (although these deals may be set up to fund exclusively trade receivable assets), collateralized debt obligations (CDOs), and special investment vehicles (SIVs). With certain forms of CDO transactions, the proceeds of issued notes are sometimes invested in collateral. This is also held by the deal custodian. In addition ABS deals may also... 

Solids. Increasing use of bulk cars, especially of covered hopper cars, has accompanied the expansion of the tank-car fleet. The principal drawback of bulk cars is the requirement for limited use, specialized cars, which necessitates a large investment. However, if such investment can be justified, the cost of transportation for dry bulk materials ia hopper cars usually is less than those for goods ia shipping containers. In many instances, such cars are used in closed-loop service that is, they shuttle in unit trains between filling and discharge points. Similar equipment is also used in specialized highway vehicles whose tmck bodies can incorporate dump hoppers and built-in conveyors. 

CAT bonds have probably been the most successful instrument used to package catastrophe risks into a securitization. This solution consists of creating a special purpose vehicle, which acts as a reinsurer to a single entity and which holds the bond principal invested in safe, low-risk, short-term securities. Cummins (2008) presents a comprehensive view of the history and types of securitizations and derivatives that have been used in the market. 

MacKee, G.M., Sulzberger M.B., et al., Histologic studies on percutaneous penetration with special reference to the effect of vehicles, J. Invest. Dermatol., 6, 43, 1945. 

Studies on Percutaneous Penetration With Special Reference to the Effect of Vehicles, ]. Invest. Dermatol. (1945) 6, 43-61. 

The first four items are relatively easy to understand. Let s say General Motors decides to build a new electric vehicle. It builds a new plant with special machinery and orders tooling that can only be used to make that specific car. It builds a new building for the assembly of this unique vehiele and invests money borrowed from a bank or shareholders, on which it will owe interest or dividends, to put everything in plaee. 

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