A 'Clear' Guide to Swaps and to Avoiding Collateral Damage in the World of ERISA and Employee Benefit Plans

ERISA Fiduciary Law - Second Edition, 2016 Cumul. Supp., S. Serota & A. Oringer, eds., Bloomberg BNA Books (also serialized in The Hedge Fund Law Report (2016))

25 Pages Posted: 5 Jun 2016 Last revised: 28 Nov 2016

See all articles by Steven Rabitz

Steven Rabitz

Dechert LLP

Andrew L. Oringer

Dechert LLP; Hofstra University - Maurice A. Deane School of Law

Date Written: March 3, 2016

Abstract

This discussion addresses selected legal issues that money managers, broker-dealers, retirement and other employee benefit plans, and other investment professionals may wish to consider when contemplating swap transactions for employee benefit plans, certain other similar plans, and “plan assets” entities that are subject to the fiduciary provisions of the Employee Retirement Income Security Act of 1974 or the corresponding provisions of the U.S. tax code. Swaps and other derivatives can be and are used by plans for a variety of purposes, including, for example, managing interest-rate risks associated with a plan’s ability to match liabilities to assets, smoothing out market returns or other sources of volatility, and accessing exposure to both traditional and other assets in a more tailored fashion than may otherwise be available in the market.

Suggested Citation

Rabitz, Steven and Oringer, Andrew L., A 'Clear' Guide to Swaps and to Avoiding Collateral Damage in the World of ERISA and Employee Benefit Plans (March 3, 2016). ERISA Fiduciary Law - Second Edition, 2016 Cumul. Supp., S. Serota & A. Oringer, eds., Bloomberg BNA Books (also serialized in The Hedge Fund Law Report (2016)) , Available at SSRN: https://ssrn.com/abstract=2788813

Steven Rabitz

Dechert LLP ( email )

1095 Avenue of the Americas
New York, NY 10036
United States

Andrew L. Oringer (Contact Author)

Dechert LLP ( email )

1095 Avenue of the Americas
New York, NY 10036-6797
United States
212-698-3571 (Phone)

HOME PAGE: http://www.dechert.com

Hofstra University - Maurice A. Deane School of Law ( email )

121 Hofstra University
Hempstead, NY 11549
United States

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