Definitions
Wiktionary
- n. finance, law The other party to a financial transaction
Etymologies
- counter- + party (Wiktionary)
Examples
“Oh, I think they do, because you still have not solved the problem, which is if you have a crisis, and all of a sudden you have what they call counterparty risk, which is that if you --”
“So here I will only explain the connection between the code word counterparty and the true “elephant in the room.””
“• We are therefore lowering our long- and short-term sovereign credit ratings on Hungary to 'BB+/B' from 'BBB-/A-3' and our long-term counterparty credit rating on the National Bank of Hungary the central bank to 'BB+' from 'BBB-'.”
The Guardian: Eurozone crisis: Fitch threatens to cut America's AAA rating - 21 December 2011
“The agency placed its long-term counterparty credit ratings on Emirates Bank International, National Bank of Dubai, Mashreqbank, and Dubai Islamic Bank on credit watch with negative implications.”
The Wall Street Journal: Dubai Suffers Downgrades; S&P Expects Debt Burden to Soar
“Last month, Standard & Poor's Ratings Services cut its long-term counterparty credit rating to BBB, which like Moody's new rating is two notches above junk status.”
The Wall Street Journal: Jefferies' Credit Rating Moves Closer to Junk Territory
“The ratings firm lowered its long-term counterparty credit rating on the banking giant by one notch to A, which denotes satisfactory credit quality and is about halfway between AAA and junk territory.”
“Meanwhile, Standard & Poor's Ratings Services cut its long-term counterparty credit rating on E*Trade two notches further into highly speculative territory at CC.”
“S&P cut its long-term counterparty credit rating on PNC by one notch to A and its ratings on the banking units by one notch to A+.”
“S&P cut its long-term counterparty credit rating on First Horizon one notch to BBB, which is two notches above junk status.”
“It also reduced the long-term counterparty credit rating on National City's bank subsidiary one notch to A and affirmed its short-term counterparty credit rating on the bank subsidiary at A-1.”
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