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counterparty

   Also found in: Financial, Wikipedia 0.01 sec.
counterparty [ˈkaʊntəˌpɑːtɪ]
n pl -parties
(Law) a person who is a party to a contract


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Related cases are being heard in both the UK courts and the US bankruptcy courts and specifically relate to provisions that subordinate swap termination payments to the rated noteholders as a mitigant to counterparty default risk in synthetic CDOs.
Triple Point Technology[R], global provider of multi-market commodity and enterprise risk management software solutions, announced today that according to its survey of energy and commodity executives, 70% of companies are using spreadsheets or internally assembled systems to manage counterparty credit risk.
Previously, these swaps were traded over the counter with no guarantee on counterparty risk.
 
 
 
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