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Counterpart items |
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Counterpart itemsIn the balance of payments, counterpart items are analogous to unrequited transfers in the current account. They arise through the double-entry system in balance of payments accounting and refer to adjustments in reserves owing to monetization or demonetization of gold, allocation or cancellation of SDRs, and revaluation of the various components of total reserves.Counterpart items Similar MatchesCounterparty riskCounterparty riskThe risk that the other party to an agreement will default. In an options contract, the risk to the option buyer that the option writer will not buy or sell the underlying as agreed. CounterpartyCounterpartyParty on the other side of a trade or transaction. CounterpartiesCounterpartiesThe parties to an interest rate swap. Receive fixed counterpartyReceive fixed counterpartyThe transactor in an interest rate swap who receives payments based on the fixed rate and makes payments based on the floating rate. Receive floating counterpartyReceive floating counterpartyThe transaction in an interest rate swap who receives payments based on the floating rate and makes payments based on the fixed rate. |
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