Pension liquidity: why a stronger funding position can still need cash
Pension funding and collateral liquidity answer different questions. A fictional cash call shows why accessible assets and delivery time matter alongside the balance sheet.
Owen Mercer covers debt, liquidity and financial risk. He looks closely at the dependencies behind a business, giving signs of resilience the same attention as signs of strain. Outside his writing, Owen enjoys restoring bicycles and growing tomatoes with mixed success.
Pension funding and collateral liquidity answer different questions. A fictional cash call shows why accessible assets and delivery time matter alongside the balance sheet.