Parties journeys
Table of Contents
A party is the tenant's own legal entity. A counterparty is the entity the tenant trades with. The model holds both, and a junction says which parties may trade with which counterparties. Each is described the same way: a name, the identifiers that name it in the world, the people to contact, and the memberships that connect it to countries, currencies and business units. A counterparty carries more: the netting agreements, the sets under them, and the credit support that governs them.
The two journeys are separate because the goals are separate. A person brings a counterparty on board once, and a person keeps a party's own record current. Both are tenant-administrator work.
1. Journeys
| Journey | Actor | Gist |
|---|---|---|
| Onboard a counterparty | tenant administrator | Bring a new trading counterparty on board once: its legal identity, identifiers, contacts, netting agreements and collateral terms |
| Keep a party's details current | tenant administrator | Correct one of the tenant's own legal entities: its names and type, its identifiers, its contacts, and what it connects to |
2. Related
- Classifications — the type, status and contact lists both journeys pick from
- Books and portfolios — the books a party's business units trade
- User Journeys