One leg payment and Pension Benefit Guaranty Corporation: Difference between pages

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''Payment Services Directive 2 (PSD2)''.
(PBGC). ''US Pensions''.
 
An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.
A one leg payment is one where only one of two payment service providers involved is located in the European Union (EU).
 
Also known as 'one-leg-out' payments.
 
 
PSD2 sets out improved transparency: payments going out of the EU are required to have transparency on cost, opening the way to better management of one leg payments.


The PBGC has wide powers to investigate US pension schemes and their sponsoring companies. 


The equivalent in the UK is the Pension Protection Fund.


== See also ==
== See also ==
* [[European Union]]
* [[Pension Protection Fund]]
* [[Payment service provider]]
* [[Payment Services Directive]]
* [[Payments and payment systems]]
* [[PSD2]]
* [[Single Euro Payments Area]]
 
[[Category:Cash_management]]

Revision as of 13:57, 6 May 2013

(PBGC). US Pensions. An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.

The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.

The equivalent in the UK is the Pension Protection Fund.

See also

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