SPVs in Ireland
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SPVs in Ireland
PIFs and QIFs
As per the CBI rules, a PIF (professional investors fund)) and QIF (qualifying investors fund) may rehypothecate its own assets to a prime broker under the following conditions:
PIF: rehypothecated assets must not exceed 140% of the level of PIF’s indebtedness (that is actual indebtedness and not potential exposures, and subject to the right of set-off) to the PB.
QIF: no limit to the extent to which assets may be available to the PB but the extent to which assets are available to the PB must be fully disclosed in the prospectus issued by the QIF.
Section 110 Companies
A new form of Irish SPV.