Publications

chiragi_k — Tue, 06 Jun 2006 04:54:31 -0400

I was wondering if the site can have access to some I-baning guides whic arw avilable of WetFleet, Vault or others, so that if some poeple who donot have access to them can make use of it to guide them through their career.

We have a vast pool of resources which we could share and benefit!

Is it possible?

Enron aside, SPV's are legal

chiragi_k — Tue, 06 Jun 2006 02:33:20 -0400

With this spring's criminal trial of former Enron executives Ken Lay and Jeffrey Skilling, the masses were again seeing accounts of Raptors, Chewco and Osprey -- some of the shadowy "special purpose vehicles" the energy company used for improper purposes such as concealing its mushrooming debt.

But while much of Enron's SPV use was illegal, most SPVs are proper and they can serve a variety of functions. Many are separate business-financing operations whose transactions do not appear on the parent company's books. They can be used to create easily traded asset-backed securities that allow their "sponsor" companies to convert cash flows expected over many years into immediate lump-sum payments