Editing Counterparty (section)

==Financial services sector==
Within the [[financial services]] sector, the term '''market counterparty''' is used to refer to [[government]]s, [[public bank]]s, national monetary authorities and international monetary organisations such as the [[World Bank Group]] that act as the ultimate guarantor for loans and indemnities. The term may also be applied, in a more general sense, to companies acting in this role.

Also within financial services, counterparty can refer to brokers, [[investment bank]]s, and other securities dealers that serve as the  contracting party when completing [[Over-the-counter (finance)|"over the counter"]] securities transactions.  The term is generally used in this context in relation to "[[counterparty risk]]",<ref>{{Cite book |editor-last1=Brose |editor-first1=M. S. |editor-last2=Flood |editor-first2=M. D. |editor-last3=Krishna |editor-first3=D. |editor-last4=Nichols |editor-first4=B. |title=Handbook of Financial Data and Risk Information II |location=[[Cambridge]] |publisher=[[Cambridge University Press]] |year=2014 |url=https://books.google.com/books?id=dKsqAgAAQBAJ&pg=PA53 |page=53|isbn=9781107012028 }}</ref> which is the risk of monetary loss a firm may be exposed to if the counterparty to an over-the-counter securities trade encounters difficulty meeting its obligations under the terms of the transaction.