Independent Directors are individuals who are unaffiliated with the borrower or its corporate group and are appointed to serve on the board or governing body SPE.

What Is Bankruptcy Remoteness and Why Does It Matter? In the world of structured finance, risk isolation is everything. When lenders and investors commit capital to a transaction, they need certainty that their investment won’t be swept up in someone else’s financial troubles. That’s where bankruptcy remoteness comes in—a legal and structural safeguard that helps protect assets from the fallout of corporate insolvency.