ISDA netting categories: Difference between revisions

ISDA netting categories (view source)

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Bureaucrats, Interface administrators, Administrators

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 *'''[[Local Authority]]. {{localauthority}} A legal entity established to No administer the functions of local government in a particular region within a Sovereign or State of a Federal Sovereign, for example, a city, county, borough or similar area.
-*'''[[Partnership]]''': {{partnership}} A legal entity or form of arrangement No without legal personality that is (a) organised as a general, limited or some other form of partnership and (b) does not fall within one of the other categories in this Appendix B. If it does not have legal personality, it may nonetheless be treated as though it were a legal person for certain purposes (for example, for insolvency purposes) and not for other purposes (for example, tax or personal liability). <br>
+*{{partnership}}
 *'''[[Pension Fund]]''': {{pensionfund}} A legal entity or an arrangement No without legal personality (for example, a common law trust) established to provide pension benefits to a specific class of beneficiaries, normally sponsored by an employer or group of employers. It is typically administered by one or more persons (who may be private individuals and/or corporate entities) who have various rights and obligations governed by pensions legislation. Where the arrangement does not have separate legal personality, one or more representatives of the Pension Fund (for example, a trustee of a pension scheme in the form of a common law trust) contract on behalf of the Pension Fund and are owed the rights and owe the obligations provided for in the contract and are entitled to be indemnified out of the assets comprised in the arrangement.<br>