| OrderGiver |
Firm which instructs an order, also known as the ordering firm or orderer |
| Trustee |
Individual or institution who holds or manages assets for the benefit of another |
| AffirmingParty |
Party which affirms the trade |
| ExecutingBroker |
Financial institution that partners with the investment manager to communicate details, execute modifications and settle financial instrument transactions |
| InstitutionalInvestor |
Pension funds, mutual funds, money managers, insurance company, investment banks, commercial trusts, endowment funds, hedge funds, accountable for high volumes of trades, moving large blocks of shares on the stock market’s movements |
| PrimeBroker |
Financial insitution that acts as settlement agent, provides custody for assets, provides financing for leverage, and prepares daily account statements for its clients, who are money managers, hedge funds, market makers, arbitrageurs, specialists and other professional investors |
| Underwriter |
Company or other entity that administers the public issuance and distribution of securities from a corporation or other issuing body |
| CentralMatchingUtility |
Mediates communication between the broker/dealer and investment manager to exchange trade details, match settlement criteria and confirm completion of financial instrument transactions |
| NonClearingMember |
Party (an exchange member firm) that chooses not to clear transactions, and uses/subcontracts a general clearing member to access the central counterparty ’s services |
| ClearingMember |
Party that is a member of a clearing house |
| MasterTerminalManager |
Party which is responsible for the point of interaction (POI), and has the control of the access rights |
| TerminalManager |
Party which is responsible for one security domain of the point of interaction (POI) application |
| Buyer |
Party which acquires, or agrees to acquire, ownership (in case of goods), or benefit or usage (in case of services), in exchange for money or other consideration under a contract of sale |
| BuyersBank |
Financial institution that holds the buyer’s account |
| Seller |
Entity that makes, or offers or contracts to make, a sale to an actual or potential buyer |
| SellersBank |
Financial institution that holds the seller’s account |
| Acquirer |
Party in contractual relation with merchants and card schemes accepting payments, that acquires card payment from the merchant, forwards the transaction to the relevant card issuer, and makes payments to the merchant |
| CardAcceptor |
Party accepting the card and presenting transaction data to the acquirer |
| Cardholder |
Party who presents the card to the merchant for provision of goods or services |
| Merchant |
Party who provides goods or services at one or several sites (physical or virtual) |
| CreditorAgent |
Financial institution servicing an account for the Creditor |
| CreditorSendingParty |
Party initiating the payment request to an agent |
| DebtorAgent |
Financial institution servicing an account for the Debtor |
| DebtorReceivingParty |
The Debtor himself or a party receiving the Creditor Payment Activation Request on behalf of the Debtor |
| CollateralGiver |
Entity that is associated with the collateral agreement and that will deliver collateral to secure an obligation vis-à-vis the other party (the collateral taker) |
| CollateralTaker |
Entity that is associated with the collateral agreement and that will receive collateral from the other party (the collateral giver) |
| CAAccountServicer |
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| CAAccountOwner |
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| SettlementAgent |
Party that provides settlement, custody, and accounting services for its own, or someone else’s, assets |
| GlobalSettlementAgent |
Party that holds another party’s inventory of financial instruments, and effects or receives deliveries versus payment, or free of payment |
| LocalSettlementAgent |
Party that holds a portion of another party’s inventory of financial instruments within a location or market, effects or receives local deliveries versus payment, or free of payment, as directed by the global settlement agent |
| InterestedAgent |
Party that receives information from other parties about transactions that are being processed, and performs functions such as regulatory oversight and accounting |
| Regulator |
Government agency, or a self-regulated body, that sets the rules for the regulation of the market, as well as the relationship between the different parties in the market |
| Investor |
Party, either an individual or organisation, whose assets are being invested |
| MarketMaker |
Party that makes a market in one or more specific instruments |
| TradingParty |
Party that plays an active role in planning and executing the transactions that create or liquidate investments of the investors assets, or that move the investor’s assets from one investment to another |
| InvestmentDecisionMaker |
Individual investor that makes its own investment decision, a financial analyst that advises the investor, or a portfolio manager that has received the investor’s cash to be invested |
| TradeInstructor |
Party that decides upon one or more specific trades to follow the investment decision maker’s strategy |
| PostTradeAdministrator |
Party ensuring thatall the details of the trade have been collected and reported, as required to all parties involved in the trade transaction including counterparties, the investor, and settlement parties |
| Trader |
Party that interacts with counterparties in the context of a market (that is, an exchange, network, or over-the-counter network), to execute trades |
| Infrastructure |
Party that provides, through common membership, services to create a fair and open process for the execution of transactions between trading parties, and the creation of settlement obligations |
| ConfirmationParty |
Infrastructure that issues trade confirmations, receives trade affirmations, matches allocations to confirmations and confirmations to instructions, and generates standing or special instructions to create settlement instructions |
| CentralCounterparty |
Infrastructure that is very often a component of a clearinghouse, and facilitates clearing and settlement for its members by standing between the buyer and the seller of a trade |
| CentralSecuritiesDepository |
Infrastructure that, holds or controls, the holding of physical or dematerialised financial instruments belonging to all, or a large portion of, the investors in a securities market |
| SystemTransactionAdministrator |
In a central system, the entity or neutral body, in charge of providing services to the system’s members |
| ThirdParty |
Party that is a customer of either a direct or indirect system member |
| SystemMember |
Party that is entitled to make full or partial use of the system transaction administrator, to make it perform business processes on its behalf |
| SystemDirectMember |
Party that is a member, and granted full access to the functions of the system transaction administrator |
| SystemIndirectMember |
Party that is sponsored by a direct member, and has limited access to the system transaction administrator functions |
| Agent |
Party that acts on behalf, or upon request, of another party |
| AgreementParty |
Party involved in a - usually commercial (buying, selling, acquiring, providing products or services) - relationship, which materialises in an agreement with a counterparty |
| InitiatingParty |
Party initiating the payment to an agent |
| DebitParty |
Party that gives cash |
| CreditParty |
Party that receives the cash |
| PaymentClearingAgent |
Agent that instructs the next party in the payment chain to carry out the payment |
| PaymentSettlementAgent |
Agent that executes the cash transfer upon the request of either an agreement party, or a clearing agent |
| FinalAgent |
Financial institution that receives the payment transaction on behalf of an account owner, or other nominated party, and credits the account |
| FirstAgent |
Financial institution that receives the payment transaction from the account owner, or other authorised party, and processes the instruction |
| ForwardingAgent |
Party that receives the payment instruction from the originator and forwards it to the first agent in the payment chain |
| Creditor |
Party that receives an amount of money from the debtor |
| Debtor |
Party that owes an amount of money to the creditor |
| FinalParty |
Party that is the ultimate beneficiary of the credit transfer |
| OriginatingParty |
Party that owes an amount of money to the creditor, eg, for the receipt of goods and services |
| TransferAgent |
Party appointed by the Fund Management Company |
| Intermediary |
Party that provides services to investors relating to financial products |
| Custodian |
Party that safekeeps and administers assets on behalf of the owner |
| PayingAgent |
Agent that executes the payment |
| FundAccountant |
Party that keeps accounting records of the available assets and liabilities of the Fund |
| InvestmentManager |
Party that implements the investment strategy, ie, selects portfolio investments in accordance with the objectives and strategy in the fund’s prospectus, and places orders to effect or liquidate selected investments in accordance with net flow of capital into or out of the fund |
| FundManagementCompany |
Party that sets up the Fund, decides the investment strategy, appoints the agents, and is responsible for the promotion and the marketing of the Fund |
| Registrar |
Party that is responsible for keeping track of the owners of securities |
| CashCorrespondent |
Financial institution that executes cash transfers on behalf of its clients |
| DataProvider |
Party that is a source of financial information |
| TreasurySettlementParty |
Party which settles a deal through its own accounts without being party to that deal, for example, custodians, settlement systems |
| BuySideParty |
Individual or institution, that purchases or sells financial instruments, for its own account, or on behalf of an investor |
| RedistributorAgent |
Institution that receives and redistributes certain business information, for example, quote or order details, or facilitating trading |
| SellSideParty |
Broker that sells its services (for example, research, analysis and recommendation), to buy-side parties |
| Invoicee |
Party identified in a commercial invoice as the liable party |
| Invoicer |
Party identified as the issuer of an invoice on the face of a commercial invoice |
| AccountOwner |
Party that legally owns the account |
| AccountServicer |
Party that manages the account on behalf of the account owner, ie, manages the registration and booking of entries on the account, calculates balances on the account and provides information about the account |
| CaseAssignee |
Party which is assigned an investigation case |
| CaseAssigner |
Party assigning an investigation case |
| InvestigationManager |
Party involved in investigations management |
| Facilitator |
Party that forwards meeting information and meeting results to the Investor, checks position with the Custodian and collects voting instructions from the Investor and forwards to the next |
| ProxyVotingInitiator |
Party that is responsible for making meeting information available to the market, collecting the votes and publishing the meeting results |
| ProxyInformationProvider |
Intermediary in the Proxy voting chain that forwards and makes information available that was received/collected from the Proxy Initiator |
| CustodyServiceProvider |
Party that provides custody services for shares affected by proxy voting, that is, share blocking and unblocking, share registration, position keeping, securities lending services |
| LocalMarketIntermediary |
Intermediary in the proxy voting chain that is active in the same market as where the shares are safekept |
| VotingParty |
Party that issues voting instructions instructions |
| Investigator |
Party, physical person or legal entity that starts or follows-up an investigation case |
| CorporateInvestigator |
Party, physical person or legal entity that starts or follows-up an investigation case within a corporate |
| FinancialInvestigator |
Party, physical person or legal entity that starts or follows-up an investigation case within a financial institution |
| CentralSettlementSystem |
System which provides cash settlement for trades submitted by its members |
| SettlementMember |
Party which is member of a cash settlement system and which submits trades to be settled between members |
| ReportingInstitution |
Organisation that is legally responsible for reporting securities trade transactions to a regulator or a competent authority |
| FinancialInstitutionApplication |
Messaging application used by a financial institution |
| NonFinancialInstitutionApplication |
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| SystemApplication |
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| CSDParticipant |
Account holder in a Central Securities Depository |
| InternationalCentralSecuritiesDepository |
Party which holds and administers securities for example, Eurobonds or other financial assets, holds issuance accounts and enables transactions to be processed by book entry |
| Issuer |
Entity which is obligated on a security or other financial instrument |
| IssuerAgent |
Organisation appointed by the issuer for the purposes of administration of a security issue or processing of a corporate action or a meeting event |
| NationalCentralBank |
Principal monetary authority of a nation, a central bank performs several key functions, including issuing currency and regulating the supply of credit in the economy |
| StockExchange |
Corporation or mutual organization which provides the facilities for stock brokers to trade company stocks and other financial instruments in the secondary market |
