Major swap participant.
Major swap participant. The term major swap participant means any person defined in Section 1a(33) of the Act and 1.3 of this chapter and, as appropriate in this subpart, any person acting for or on behalf of a major swap participant, including an associated person defined in Section 1a(4) of the Act.
17 CFR § 23.401
Counterparty. The term counterparty, as appropriate in this subpart, includes any person who is a prospective counterparty to a swap.