Manage Counterparties

Introduction

A counterparty is any external organization you trade or cooperate with, such as brokers, vendors, or banks. Counterparties centralize contracts, payments and risk-tracking.

You have full flexibility to:

• Map a custodian to an existing counterparty.

• Automatically create a new counterparty when creating a custodian.

When to Create a Counterparty

You don’t always need to create a counterparty first. Here’s how it works:

• Start with Custodian: When you create a custodian, you can either link it to an existing counterparty or let the system create one automatically.

• Start with Counterparty: If you create a counterparty first, you can later link it to a custodian. Once linked, the Custodian field appears on the counterparty record.

In most cases, you’ll start by creating a custodian and the counterparty will be mapped or generated automatically.

Permission Requirements

Create a Counterparty

• From Accounts > Find Counterparties tab and click on + icon.

• Fill in the required fields:

  • Name* – The short name of the counterparty.

  • Full Name* – The legal name of the organization.

  • LEI – Legal Entity Identifier, if available.

• Click Save and the counterparty record is created.

• Open the record, click the three-dots menu > Edit/Delete.

Once you edit a counterparty, an additional field appears: Custodian.

• You’ll see the Custodian field, which displays the linked custodian if one exists.

• If the custodian was created first, this field is filled automatically.

• If you create a custodian later, you can link it back to this counterparty instead of creating a duplicate.

Redirect to Custodian Page

The Custodian field includes a icon to redirect/open in new tab.

• Clicking on it takes you directly to the linked custodian page.

• On the Custodian page, you’ll see the connection back to your counterparty.

This ensures a 1:1 relationship between custodian and counterparty, avoids duplicates and keeps trades, payments and compliance data in sync.