Cap-It Issuer Limited is an SPV that was created to purchase underlying investments and to issue certificates to eligible investors. The SPV is owned by a trust and administered by CSC (formerly InterTrust Group), an international provider of global business administration and asset management.
An SPV is a legal entity created for a specific and limited purpose. SPVs are usually used because they are free from any pre-existing obligations and debts and are separate to the parties that set them up for accountancy, tax and insolvency purposes.
« Back to Glossary Index