QSPEQualifying Special Purpose Entity
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As part of this support, Qatargas will be sponsoring QSPE s monthly Distinguished Lecturer programme where internationally renowned experts come to Qatar to share their experiences.
In other words, when loans held by QSPEs went bad, regulators, investors, and creditors of financial institutions that held QSPE-issued securities had little chance of finding out about it until it was too late.
Lenders often retain some control over the mortgages even after their sale to a QSPE.
Securitization vehicles that art not QSPEs are constrained by Fin 46 R.
Al-Sadah said: "QSPE is very pleased to accept this sponsorship from Qatargas, which supports the ongoing programme between industry and QSPE to realise Qatar's Vision 2030.
I am not an enforcer--that is up to others--but it seems to me that the use of the QSPE was certainly stretched and, in some cases, abused and perhaps violated.
Further, while FAS 125's definition of a QSPE was written such that it could have no powers other than four prescribed powers, see FIN.
A QSPE is a trust or other legal vehicle that meets all of the following conditions:
Whether a securitization vehicle meets the criteria for a QSPE is a critical distinction.