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Counterparty

Counterparty Definition

The opposite party in a bilateral agreement, contract, or transaction. In the retail foreign exchange (or forex) context, the party to which a retail customer sends its funds; lawfully, the party must be one of those listed in Section 2(c)(2)(B)(ii)(I)-(VI) of the Commodity Exchange Act.
RELATED TERMS
Commodity Exchange Act
RELATED CATEGORIES
International



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