Counterparty Group

Definition

Counterparty Group is legal entities that represents a collection of corporate entities that are strongly correlated (dependent) due to economic and legal relations. (Also Connected Counterparties or Related Counterparties)

Example

For an example of a complex counterparty group and the issues arizing in the context of a Credit Event see Thomas Cook Group.

See Also

• Single Obligor Exposure
• Credit Risk Hierarchy
• Related Counterparties

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