if company A securitize its receivables to SPE, who is classified as the sponsoring entity? what is qualifying SPE? Thanks
Company A would be classified as the sponsoring entity. QSPE does not have to be combined with the sponsoring entity. QSPE can only be used for financial assets. It’s no longer being used under both IFRS & US GAAP.
Damil4real Wrote: ------------------------------------------------------- > Company A would be classified as the sponsoring > entity. > > QSPE does not have to be combined with the > sponsoring entity. QSPE can only be used for > financial assets. It’s no longer being used under > both IFRS & US GAAP. +1 Also note, until 12/15/08, QSPEs were allowable under US GAAP (never allowed under IFRS). As Damil said, it is no longer allowed under either.