# Role of SPVs in Securitization In the process of securitization, the parent company, known as the originator, transfers a portfolio of assets, like credit claims, to the SPV. The SPV then issues securities that are backed by these assets and sells them to investors. This process converts less liquid assets into more liquid securities, making them easier to sell to domestic or international investors. The SPV operates with a specific management structure and has special rules for reorganization and bankruptcy, making it a key player in reducing financial risks for the parent company. SPVs are an important tool in the global financial market, helping to turn hard-to-sell assets into marketable securities. In some countries, SPVs might not even be considered legal entities, and their operations can vary depending on the market. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://research.chainedassets.com/legal/asset-securitization/role-of-spvs-in-securitization.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.