FA
Today, Friday، 29 Mar 2024 - 05:21
Mokhafaf

Acronym Finder

What is SPV ?

Special Purpose Vehicle

SPV system, replacing Swift, it is that is after US sanctions on 13 November, the executive. to the continuity of exchanges, bank Iran help.

to report The Voice of Iran. the second round of US sanctions against Iran, is scheduled from November 4, 2018 (13 November) Executive, which includes the sphere of bank and oil and gas will be.

the first round of sanctions, the intensification scrambling, to formulate and offer an economic package to Iran, was met, but on the eve of the second round of the sanctions, the opposition and resistance on the actions of Trump to inside the US is drawn.

in such a situation Europe, to preserve and save The decided that the European system of SPV is created.

for this purpose system, SPV up for another few weeks, as a mechanism, particularly to maintain trade relations with Iran, and just ahead of the Executive, sanctions 13 November will start working.

", Federica Mogherini, in charge of foreign policy, the EU has said that the mechanism of the special to continue economic cooperation with Iran, "before November" will be ready. This system SPV or Special Purpose Vehicle is called and its purpose is to continue commercial cooperation of the EU with Iran, even despite the US sanctions.

Agence France-Presse earlier reported that SPV such as a company to liquidation, trade finance with Iran to get away from the ring, the Financial common practice. For example, in the structure of Iran can be to the Spanish oil to sell, and the Financial Credit necessary for the payment to a German company that to Iran of goods or services, is the supply of does and the money through the territory of Europe between the two companies swap.
SPV