Counterparties

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Counterparties

The parties on either side of an interest rate swap or a currency, equity or commodity swap, or to an options or futures position.

Counterparties

The persons or institutions engaging in a transaction. That is, the buyer and the seller of a good are the counterparties to the sale of that good. While it could apply to any transaction, the term is most common when referring to the counterparties of a swap.
References in periodicals archive ?
This term loan facility has one of the most competitive borrowing costs in the industry, demonstrating that FLY continues to be an attractive counter-party for a broad group of lenders, said Colm Barrington, CEO of FLY.
For now, however, there is no binding commercial agreement with any counter-party in particular,' Italpinas said.
The Board of Carillion confirms that, consistent with Carillion's announcement on September 29, 2017, it has received proposals from more than one credible counter-party for a possible acquisition of that business," the company said.
It can import meter data, manage meter data, and look up the PPA contract terms in a customized Powersoft database to create an invoice for the counter-party.
The Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold & Commodities Exchange (DGCX), on Monday announced that Clearing members will now be able to deposit cash collateral to the Corporation in the form of Euro, UK Pound (GBP) and Japanese Yen (JPY) in addition to UAE Dirhams (AED) and U.
This deal is evidenced of HSBC's strong understanding of RMB, the clearing processes in Hong Kong, the central counter-party industry and its long-term relationship with the Hong Kong Exchanges and Clearing Limited.
Related to this offering, the company said it signed a forward sale agreement (and to the extent that the underwriters exercise their option, the company will sign another forward sale agreement) with an affiliate of RBC Capital Markets LLC (the forward counter-party), under which the forward counter-party or its affiliate, subject to the satisfaction of certain conditions, agreed to borrow 4,300,000 shares of the company's common stock from third parties and sell to the underwriters.
MANAMA: Global credit ratings agency Standard and Poor's (S&P) has reaffirmed Al Baraka Turk Participation Bank's long-term counter-party credit rating of BB/B (short-term) with a negative outlook, following its recent annual review.
Standard & Poor's (S&P) has reconfirmed BBB 'Stable' long-term counter-party credit and insurer financial strength ratings to Takaful Re Limited (TRL), a Dubai International Financial Centre-based re-takaful operator.
The ratings are supported by the experienced promoters of the company, its established marketing arrangement, low counter-party credit risk, strong order book position and moderate financial risk profile.
Once again, the counter-party risk that robbed the financial system of its capacity to function is troubling markets.
The revision in the said criteria and increase in the number of securities has been approved taking into account that the MF is a counter-party risk-based product, which does not entail any centralized risk management system and that the brokers perform risk assessment for their clients.