Segregated Portfolio Company (SPC)

Also known as a Protected Cell Company (PCC).

A company that segregates the liabilities and assets of different classes (or sometimes series) of shares from each other and from the general assets of the SPC.

Segregated portfolio assets comprise assets representing retained earnings, share capital, share premiums, capital reserves and all other assets attributable to or held within the segregated portfolio.

The company may contract for individual portions of the company to carry out certain activities on behalf of the company. An individual portion may go bankrupt, leaving the core share capital untouched, and thus making sure that the entire company is not placed in jeopardy.