busterbluth

SPE or VIE is just a name.

earlier treatment was it was created, would absorb losses, get very minimal gains. were present to help the parent co. that created it in the first place profit from the good, and if anything bad happened - it was the VIE's fate. (Enron etc. days).

now - it must be consolidated on the parent's books. The name is probably a vestige from days not so long ago, when they did not have to be consolidated.

SPE and VIE are just name calling under the different standards.

QSPE is no longer even applicable - it is also a relic from the past.

CP