Pension fund: Difference between revisions

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-One of {{t|ISDA}}’s vaunted {{tag|netting}} categories.
+A counterparty fraught with all sorts of complexity, fear, loathing etc, because it is looking after the retirement funds of grandmas and grandads around the world. This means that pension funds, and in particular their regulators, have the power to terrify counterparties at the mere crinkling of a brow.
+*In the UK, the [[Pension Protection Fund]] can induce minor infarctions, and there is even a {{isdaprov|PPF Event}} {{isdaprov|Additional Termination Event}} to cater for it.
+*In the US, the {{isdaprov|ERISA}} legislation is the key source of agitation, and there are screeds and screed of {{isdaprov|ERISA }} [[reps]] of all different shapes and sizes. Even say the word “{{tag|ERISA}}” and you will induce hyperventilation in the more nervous kind of [[US attorney|attorney]]. When an English lawyer speaks cavalierly about {{tag|ERISA}}, her American colleagues are apt to cry “YOU HAVE NO IDEA WHAT YOU HAVE JUST DONE”.
+Also, one of {{t|ISDA}}’s vaunted {{tag|netting}} categories.
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 {{c|Entities}}
-A counterparty fraught with all sorts of complexity, fear, loathing etc, because it is looking after the retirement funds of grandmas and grandads around the world. This means that pension funds, and in particular their regulators, have the power to terrify counterparties at the mere crinkling of a brow.
-*In the UK, the [[Pension Protection Fund]] can induce minor infarctions, and there is even a {{isdaprov|PPF Event}} {{isdaprov|Additional Termination Event}} to cater for it.
-*In the US, the {{isdaprov|ERISA}} legislation is the key source of agitation, and there are screeds and screed of {{isdaprov|ERISA }} [[reps]] of all different shapes and sizes. Even say the word “{{tag|ERISA}}” and you will induce hyperventilation in the more nervous kind of attorney. When an English lawyer speaks cavalierly about ERISA, American colleagues are apt to cry “YOU HAVE NO IDEA WHAT YOU HAVE JUST DONE”.