what is a counterparty
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Counterparty Not to be confused with Counterparty (technology). A counterparty (sometimes contraparty) is a legal entity, unincorporated entity, or collection of entities to which an exposure to financial risk might exist. The word became widely used in the 1980s, particularly at the time of the Basel I in 1988. Sometimes it is used instead of unincorporation.
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- 2 Answers. , Active database researcher on database technology. In database-normalization theory a transitive dependency is a functional dependency X -> Y that holds for a relation but which can be considered to transitively follow from two other dependencies X -> Z and Z -> Y where Z is not a superkey of the relation.
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- Counterparty is an innovative platform for peer-to-peer markets and financial instruments. Unlike Wall Street and other centralized financial institutions, Counterparty provides open, secure financial tools and markets that do not require a trusted third party or middleman to use.
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- 1. Person or firm (such as a bank, bonding company, insurance company) that agrees to be primarily liable for the conduct, obligation, or performance of another. Surety who pays the debt of a borrower-in-default, in general, automatically acquires an assignment of a creditor's legal right to recover the amount paid from the borrower.
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US Post-Trade Matching: Omgeo, Bloomberg or SS&C? Trade affirmation, allocation and confirmation matching — or agreeing upon trade details of allocations and confirmations between counterparties– is a critical step before settlement can take place, and until now Omgeo’s Central Trade Manager (CTM) and TradeSuite ID have been the only authorized providers in the US.
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Representative payee From Wikipedia, the free encyclopedia. A representative payee, or substitute payee, is a person who acts as the receiver of United States Social Security Disability or Supplemental Security Income for a person who is not fully capable of managing their own benefits, i.e. cannot be their own payee.
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"Study sets matching ""term:offeree = person who makes the offer""" Study sets matching term:offeree = person who makes the offer. Economics the study of the choices people make to satisfy their unlimited needs and wants by using limited resources Economist a person who studies the choices made withun an economic system. Microeconomics is the study of indiividual economic actors.
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Counterparty Token Price Doubles Year-to-Date thanks to Real World Use-Cases Meanwhile, Counterparty’s token, XCP, has doubled in value since January 1. On New Year’s Day, as Bitcoin reached the $1,000 mark, Counterparty comprised a $5 million market. Now, the comparably under-the-radar smart contract platform has reached a $10 million market.
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counterpart (ˈkaʊntəˌpɑːt) n. 1. a person or thing identical to or closely resembling another. 2. one of two parts that complement or correspond to each other. 3. (Theatre) a person acting opposite another in a play. 4. (Law) a duplicate, esp of a legal document; copy.
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- If Markit Counterparty Manager is not specified, or if it is specified but a Party is not also subscribed to that service, then a Party must deliver change of status notices to the address specified in the Adherence Letter or, if none, as specified in the Covered ISDA Master Agreement.ne of which is the question of when a non-financial counterparty becomes subject to the higher standard of risk mitigation techniques and additional risk mitigation techniques set out in Article 11 of EMIR and in Chapter VII of the Commission Delegated Regulation (EU) No 149/2013 of 19 December 2012.
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Commodity A beneficiary account is a Demat account in the name of an Individual (single or jointly). Such an account could also be in the name of a Corporate, a partnership firm, a society and a trust. It is similar to a bank account. This account is to be used for transacting in commodity balances held by the account holder at Exchange accredited warehouses.
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- 1 Obligor — a legal term for the company obligated to live up to the terms of the agreement (e.g., manufacturer, retailer or third-party company).  Administrator — the company hired by the obligor to handle claims instead of the obligor handling claims itself (the administrator is not a party to the agreement).
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What is 'Counterparty Risk' DEFINITION of 'Counterparty Risk'. The risk to each party of a contract that the counterparty will not live up to its contractual obligations. Counterparty risk as a risk to both parties and should be considered when evaluating a contract.In most financial contracts, counterparty risk is also known as default risk.he risk to each party of a contract that the counterparty will not live up to its contractual obligations.
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Credit risk A counterparty risk, also known as a default risk, is a risk that a counterparty will not pay as obligated on a bond, credit derivative, insurance policy, or other contract.Financial institutions may hedge or take out credit insurance. counterparty risk, also known as a default risk, is a risk that a counterparty will not pay as obligated on a bond, credit derivative, insurance policy, or other contract.
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- So why are we surprised if Goldman gets to jump the AIG counterparty line? Goldman's Crisis Control Michael Thomas July 21, 2009 British Dictionary definitions for counterparty Expand
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Warranty An affirmative warranty is a statement regarding a fact at the time the contract was made. A promissory warranty is a statement about future facts or about facts that will continue to be true throughout the term of the policy. An untruthful affirmative warranty makes an insurance contract void at its inception.
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What is 'Counterparty Risk' The risk to each party of a contract that the counterparty will not live up to its contractual obligations.he risk to each party of a contract that the counterparty will not live up to its contractual obligations.
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Glossary An agreement to hold a carrier harmless with regard to a liability. Inherent Vice. An insurance term referring to any defect or other characteristic of a product that could result in damage to the product without external cause (for example, instability in a chemical that could cause it to explode spontaneously).t is forwarded with the shipment or sent by mail to the agent at the transfer point or waybill destination. Abbreviation is WB. Unlike a bill of lading, a waybill is NOT a document of title.
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- A warranty is a product manufacturer or service provider's document ed guarantee of quality as promised to a customer. Warranties provide customers with legally-ensured service replacement or correction of issues insofar as the warranty stipulates in its conditions, for the duration of its term. A warranty's term generally commences at the date of delivery or provision.
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dependent Dependent. A person whose support and maintenance is contingent upon the aid of another. Conditional. A dependent is someone who is sustained by another person, such as a child supported by his or her parents. In an insurance policy, the term legal dependent generally includes all of those people whom the insured person is under a legal duty to support, such as a spouse and minor children.
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vicarious liability Vicarious liability is a legal doctrine that assigns liability for an injury to a person who did not cause the injury but who has a particular legal relationship to the person who did act negligently. It is also referred to as imputed Negligence. Legal relationships that can lead to imputed negligence include the relationship between parent and child, Husband and Wife, owner of a vehicle and driver, and employer and employee. Ordinarily the independent negligence of one person is not imputable to another person. Other theories of liability that are premised on imputed negligence include the Respondeat Superior doctrine and the family car doctrine. The doctrine of respondeat superior (Latin for let the master answer) is based on the employer-employee relationship.
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31 CFR 285.5 - Centralized offset of Federal payments to collect nontax debts owed to the United States. Offset means withholding funds payable by the United States to, or held by the United States for, a person to satisfy a debt owed by the payee. Past-due has the same meaning as “delinquent”, as defined above. Payee means a person who is due a payment from a disbursing official as certified by the payment agency. For purposes of this section, a “payee” is a person who is entitled to the benefit of all or part of a payment from a disbursing official.
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Dependent clause From Wikipedia, the free encyclopedia. A dependent clause is a clause that provides an independent clause with additional information, but which cannot stand alone as a sentence. Dependent clauses either modify the independent clause of a sentence or serve as a component of it. Some grammarians use the term subordinate clause as a synonym for dependent clause. Others use subordinate clause to refer only to adverbial dependent clauses. The different types of dependent clauses include noun clauses, relative (adjectival) clauses, and adverbial clauses.
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Professor Farnsworth Professor Hubert J. Farnsworth, or simply Professor, is a fictional character in the American animated television series Futurama. Farnsworth is the mad scientist proprietor of the Planet Express delivery service, for whom the main characters work. He is the great (×30) nephew of Philip J. Fry, the series' protagonist.
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What is Complicity or Accomplice Liability? Complicity is the act of helping or encouraging another individual to commit a crime. It is also commonly referred to as aiding and abetting. One who is complicit is said to be an accomplice. But, even though an accomplice does not actually commit the crime, his or her actions helped someone in the commission of the crime. The concept of accomplice liability means an accomplice faces the same degree of guilt and punishment as the individual who committed the crime. Indeed, accomplices can face the same penalties, including prison time.
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What is 'Collusion'? What is 'Collusion' Collusion is a non-competitive secret or sometimes illegal agreement between rivals that attempts to disrupt the market's equilibrium. Collusion involves people or companies that would typically compete, conspiring or working together that results in an unfair market advantage. The parties may collectively choose to restrict the supply of a good or agree to increase its price to maximize profits.