Business / Taxes / Counterparty: In any financial contract, the persons or institutions entering the contract on the opposite sides of the transaction are called the counterparties. For example, if you sign a contract to sell an item that you produce to a buyer, you and the buyer are counterparties to the contract. Similarly, the counterparties in financial transactions, known as forwards or swaps, are the banks or corporations that make deals between themselves to protect future cash flows or currency values.
Business / Finance / Counterparty Risk: Party on the other side of a trade or transaction. MORE
Business / Finance / Swap Sale: An interest rate swap designed to end a counterparty's role in another interest rate swap, accomplished by counterbalancing the original swap in maturity, reference rate, and notional amount. MORE