Proceeding contribution from Baroness Sharp of Guildford (Liberal Democrat) in the House of Lords on Thursday, 8 May 2008. It occurred during Debate on bill and Committee proceeding on Sale of Student Loans Bill.

Sale of Student Loans Bill

I shall speak to Amendment No. 13, which is in my name. In doing so, I seek to clarify the situation. The purchaser of the loans is, as I understand it, the special-purpose vehicle—in effect, the equivalent of Granite. As the Minister explained, the special-purpose vehicle will rebundle the loans into different tranches which will then be sold on as bonds. Effectively we will be making bonds out of them and selling them on. In so far as there is a special transfer here, it would be that the special-purpose vehicle was sold on. Am I right in assuming that that is the case?

Secondary information

Type: Proceeding contribution
Reference: 701 c199-200GC
Session: 2007-08
Chamber / Committee: House of Lords Grand Committee
Subjects: Cost effectiveness Assets Graduates Privatisation Loans Repayments Students Revenue and Customs Student Loans Company
Legislation: Sale of Student Loans Bill 2007-08
Link: View this Proceeding contribution on www.publications.parliament.uk

Sale of Student Loans Bill

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