![]() Perfect to track and count game scores, personal habits and routines, valuable moments or track any numbers. This term, over time, has become more generally applied to companies offering or requiring retrocession and other forms of reinsurance. Easily manage and keep track of multiple values with tally counters. Within the insurance sector, this term is extended to include companies offering or requiring high-level retrocession of insurance risk to insurance companies in a role similar to that offered by governments. The term is generally used in this context in relation to " counterparty risk", which is the risk of monetary loss a firm may be exposed to if the counterparty to an over-the-counter securities trade encounters difficulty meeting its obligations under the terms of the transaction. The term may also be applied, in a more general sense, to companies acting in this role.Īlso within financial services, counterparty can refer to brokers, investment banks, and other securities dealers that serve as the contracting party when completing "over the counter" securities transactions. Within the financial services sector, the term market counterparty is used to refer to governments, national banks, national monetary authorities and international monetary organisations such as the World Bank Group that act as the ultimate guarantor for loans and indemnities. ![]() There are general provisions for how counterparties are treated under the law, and (at least in common law legal systems) there are many legal precedents that shape the common law. Well-drafted contracts usually attempt to spell out in explicit detail what each counterparty's rights and obligations are in every conceivable circumstance, though there are limits. (Can create multiple groups.) - Copy counters and groups. Counters can be managed by grouping them together. Combine counters together and create a formula to make calculations. The word became widely used in the 1980s, particularly at the time of the Basel I deliberations in 1988. Create multiple counters and count a variety of things simultaneously. This information is provided as is.Not to be confused with Counterparty (technology).Ī counterparty (sometimes contraparty) is a legal entity, unincorporated entity, or collection of entities to which an exposure of financial risk may exist.The field is applicable to all borrower types. It does not apply to Residential Real Estate Loans, Unsecured Loans, Auto Loans, The field applies to 4 of the 7 EBA NPL Asset Classes. ![]() The field belongs to the EBA NPL Counterparty Group Table. The field is a required Identifier for the Loan Tape. The group of related Counterparties is not the same as "Group of Connected Clients" defined in Article 4(1) (39) of Regulation (EU) No 575/2013. The group of related Counterparties are considered to be related where: i Each Counterparty has an exposure to the Institution and ii The Counterparties" credit quality impacts the credit quality of any other Counterparty within the Counterparty Group and iii The Counterparties share an economic relationship with one another. "Counterparty Group Identifier" is the institutions internal identifier for the Counterparty Group where Counterparty Group is defined as a group of related Counterparties where a group could just be a standalone Counterparty or multiple Counterparties. ![]() Where Counterparty Group is defined as a group of related Counterparties Download Multi Counter Pro and enjoy it on your iPhone, iPad, and iPod touch.
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