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Template:M summ 2002 ISDA PPF Event: Difference between revisions
Template:M summ 2002 ISDA PPF Event (view source)
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The [[Pension Protection Fund]] protects UK [[Pension Scheme]]s upon their [[insolvency]]. This is of particular interest where a UK [[Pension Fund]] is party to an {{isdama}}, because the PPF has wide discretionary powers to set aside contracts it doesn’t like and that can play havoc with your [[close-out netting]] analysis. | [[PPF Event - ISDA Provision|The]] [[Pension Protection Fund]] protects UK [[Pension Scheme]]s upon their [[insolvency]]. This is of particular interest where a UK [[Pension Fund]] is party to an {{isdama}}, because the PPF has wide discretionary powers to set aside contracts it doesn’t like and that can play havoc with your [[close-out netting]] analysis. | ||
As a result much discussion around an {{isdaprov|Additional Termination Event}} specifically targeted at UK Pension Funds. See, for example, the [http://www.pensionprotectionfund.org.uk/DocumentLibrary/Documents/onerous_contracts_response.pdf PPF's proposal] for a {{isdaprov|PPF Event}} {{isdaprov|ATE}}. | As a result much discussion around an {{isdaprov|Additional Termination Event}} specifically targeted at UK Pension Funds. See, for example, the [http://www.pensionprotectionfund.org.uk/DocumentLibrary/Documents/onerous_contracts_response.pdf PPF's proposal] for a {{isdaprov|PPF Event}} {{isdaprov|ATE}}. | ||