ERISA Representation

Description

This smart field captures representations with respect to a party’s status under the Employee Retirement Income Security Act of 1974 (“ERISA”) and the U.S. Internal Revenue Code of 1986 (“Code”), including that such party is (i) not an “employee benefit plan” or other type of plan for the purposes of ERISA or the Code, (ii) not acting on behalf of such a plan, and (iii) not holding assets that are “plan assets” for the purposes of ERISA. This smart field was trained on International Swaps and Derivatives Association agreements.