Counterparty Group
From Open Risk Manual
Revision as of 16:18, 11 March 2023 by Wiki admin (talk | contribs)
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.