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PIB A4.11.4 Guidance

1. An individual Counterparty is a natural or legal person, which include governments, local authorities, public sector enterprises (PSEs), trusts, corporations, unincorporated businesses and non-profit-making bodies.
2. Examples of a Counterparty include:
a. the customer or borrower;
b. where the Authorised Firm is providing a guarantee, the person guaranteed;
c. for a Derivatives contract, the person with whom the contract was made;
d. for most exchange-traded contracts involving a central clearing mechanism, that central clearing mechanism; and
e. where a bill held by an Authorised Firm has been accepted by another Financial Institution, the acceptor.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]