financial vehicle corporation (FVC)

What is financial vehicle corporation (FVC)?

financial vehicle corporation (FVC) definition and meaning on Finance terms:
An entity whose principal activity is to carry out securitisation transactions. An FVC typically issues marketable securities that are offered for sale to the general public or sold in the form of private placements. These securities are backed by a portfolio of assets (typically loans) which are held by the FVC. In some cases, a securitisation transaction may involve more than one FVC, where one FVC holds the securitised assets and another issues the securities backed by those assets. <