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central counterpartyActs on behalf of both parties in a transaction, so that the buyer and seller do not have to deal with each other directly.
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central counterpartyAn entity that interposes itself between the counterparties to trades, acting as the buyer to every seller and the seller to every buyer.
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central counterpartyAn entity that interposes itself, in one or more markets, between the counterparties to the contracts traded, becoming the buyer to every seller and the seller to every buyer and thereby guaranteeing [..]
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central counterpartyAn institution mediating between the buyer and seller in a financial transaction, such as a derivative contract or repurchase agreement. Where a CCP is used, a single bilateral contract between the buyer and the seller is replaced with two contracts, one between the buyer and the CCP and one between the CCP seller.
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