commissionnaire contrepartiste

13:34 Sep 2, 2009
French to English translations [PRO]
Bus/Financial - Investment / Securities
French term or phrase: commissionnaire contrepartiste
Bonjour, je recherche le terme "commissionnaire contrepartiste" en anglais. il s'agit de l'activité d'une banque dans le domaine des produits financiers dérivés.
merci pour toute aide
Local time: 20:59

Summary of answers provided



8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5

Derivative contracts must have two parties: "counterparties" holding opposite positions. The term is usually written with the slash.

Note added at 8 hrs (2009-09-02 22:06:54 GMT)

From Investopedia:

What Does Counterparty Mean?
The other party that participates in a financial transaction. Every transaction must have a counterparty in order for the transaction to go through. More specifically, every buyer of an asset must be paired up with a seller that is willing to sell and vice versa.

Investopedia explains Counterparty
All trades require some sort of counterparty. For example, the counterparty to the option buyer would be the option writer. One of the risks involved in any transaction is counterparty risk, which is the risk that the counterparty will be unable to fulfill his or her duties.

It is very common for counterparties to be brokers. You should be able to do a google search and see how the term is used.

In a bank, this is the department in charge of being the counterparty for derivatives contracts. The bank (its broker) takes a position for its customer, or can trade the bank's own account.

Depending on the exact context it could also be 'counterparty broker'.

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1 day 17 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5

A commissionnaire is an agent compensated by commission, whereas a contrepartiste is a principal rather than an agent.

Thus, the role of buying and selling derivatives for the account of customers AND for the bank's own account; client-account trading as broker on commission and proprietary trading as dealer.

(Speculation on my part, as I have never encountered this term in France.)

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