glossario

A company whose sole purpose is the purchase of loans or other financial assets sold by banks or other intermediaries and which, in light of these transactions, issues marketable securities. SPVs submit reports to the Central Credit Register (CR) on the loans and guarantees that they have purchased so long as these loans and guarantees were already reported by the bank or financial company that sold them. This means that, if your loan has been sold, the CR will contain a report under your name made by the special purpose vehicle that purchased the loan, and not one submitted by the bank that originally granted you the loan. In this case, the customer does not deal with the special purpose vehicle, but with the 'servicer', a specialized intermediary hired by the special purpose vehicle to collect the loan. To request information or file a complaint, the customer can contact the servicer or the special purpose vehicle.