English version

central counterparty

From Longman Business Dictionarycentral counterpartyˌcentral ˈcounterpartyFINANCE a system used in some stockmarkets in which investors do not buy and sell to each other directly, so that there is no risk that one side will not pay what is owedThe central counterparty effectively stands between buyers and sellers, momentarily taking the shares onto its own books during the transaction. counterparty
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