'counterparties' is a correct and usable word in written English.
It can be used to refer to persons or organizations that are involved in an arrangement or settlement with each other, usually of a legal or financial nature. For example, "The two counterparties signed the agreement and each party received the agreed compensation."
Enron grew to have contracts with some 8,000 counterparties, in hundreds of business lines ranging from credit insurance to metals trading.
The issue is if your counterparties are lying to you, just like when a used car dealer knowingly sells a lemon without disclosing the relevant facts.
A POWERFUL government agency has just had a trove of its most sensitive interactions with key counterparties around the world thrown open to the public.
First, India's economy is opening up, and the firms most exposed to global competition tech giants, for instance—have the world-class governance and open cultures needed to command the trust of counterparties, investors and clients, to attract talent and to foster innovation.
"You will have created an automatic list of preferred counterparties," says one bank boss.
RapidRatings has nonetheless won business from investment firms and companies looking into the solvency of counterparties thanks to its innovative techniques.
Some markets, such as Bangkok, decided not to open at all, the first time the Thai market has been closed since its inception in 1975.The foreign-exchange markets remained open in theory; but in practice they too were grounded, as traders worried whether their counterparties in America would be in a position to settle trades that they might make.
If, for example, a large online market in currency and interest-rate swaps were to develop, then banks' role as intermediating counterparties may be called into question.
Since the Enron debacle, only counterparties with high credit ratings have been trusted.
In July 2007, for instance, a back-office employee alerted managers to two trades with what they identified as fake counterparties with a face value of €7 billion.
When the number of counterparties seems infinite, traders are free to concoct ever-more-complex schemes involving ever-greater leverage which create an ever-bigger threat of systemic collapse whenever one node in this interconnected network (such as Lehman Brothers) fails.
