Accounting standards govern how a securitisation is treated on the originator's balance sheet. Where the originator has sold the asset pool to the SPV, those assets do not usually remain on the originator's single company balance sheet. Where the SPV is controlled by the originator through contractual arrangements relating to the securitisation, it may be considered to be a subsidiary of the originator. This means that the assets and liabilities of the SPV would be consolidated on to the group balance sheet of the originator.