Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Structured Finance
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a demo
  • Log in
The Journal of Structured Finance

The Journal of Structured Finance

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Article

The ERISA Eligibility of TALF and PPIP Loans and Securities: Do the Government’s Programs and ERISA Mesh?

Barbara D Klippert
The Journal of Structured Finance Fall 2009, 15 (3) 44-51; DOI: https://doi.org/10.3905/JSF.2009.15.3.044
Barbara D Klippert
is a partner at Bingham & McCutchen LLP in New York, NY.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: barbara.klippert@bingham.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The Term Asset-Backed Securities Loan Facility (TALF) and the Legacy Loan and Legacy Security Public-Private Investment Program (PPIP) were created anticipating investment by employee benefit plans and other retirement arrangements subject to ERISA (Plans), but there was no specific coordination of these programs with, or amendment of, ERISA-related provisions to facilitate this investment. This article describes the ERISA considerations that are relevant to a Plan’s use of a TALF loan to finance its purchase of assetbacked and commercial mortgage-backed securities (ABS/ CMBS), either via a direct purchase of ABS/CMBS or by means of an intervening fund. It then discusses the ability of Plans to become investors in PPIP funds established to purchase CMBS/MBS legacy loans or securities given the additional ERISA complications that are created when a Plan invests in a managed fund. The article concludes that while the economy, the credit markets, and Plans could all benefit from allowing greater Plan investment in PPIP funds, current ERISA provisions hamper such investment. The author suggests that the U.S. Treasury might explore with the U.S. Department of Labor the possibility of granting an administrative exemption that could allow greater Plan participation in PPIP funds than is currently available.

  • © 2009 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Structured Finance: 15 (3)
The Journal of Structured Finance
Vol. 15, Issue 3
Fall 2009
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Structured Finance.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
The ERISA Eligibility of TALF and PPIP Loans and Securities: Do the Government’s Programs and ERISA Mesh?
(Your Name) has sent you a message from The Journal of Structured Finance
(Your Name) thought you would like to see the The Journal of Structured Finance web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
The ERISA Eligibility of TALF and PPIP Loans and Securities: Do the Government’s Programs and ERISA Mesh?
Barbara D Klippert
The Journal of Structured Finance Oct 2009, 15 (3) 44-51; DOI: 10.3905/JSF.2009.15.3.044

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
The ERISA Eligibility of TALF and PPIP Loans and Securities: Do the Government’s Programs and ERISA Mesh?
Barbara D Klippert
The Journal of Structured Finance Oct 2009, 15 (3) 44-51; DOI: 10.3905/JSF.2009.15.3.044
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • TALF
    • ERISA
    • ERISA AND TALF
    • PUBLIC-PRIVATE INVESTMENT PROGRAM
    • CONCLUSIONS
    • ENDNOTES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • Highlights from Structured Finance Association (SFA)
  • Highlights from Global Capital
  • Editor’s Letter
Show more Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 1551-9783 | E-ISSN: 2374-1325

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy