Defaulting party

That fellow who, when shit is going down, is the one to whom shit is going down. The one, that is to say, who isn’t the one to whom shit is not going down.

See also

Anatomy™: AIFMD | CASS | COBS | Conference calls | Confis | CRR | CSA | EMIR | Equity Derivatives | FOA PCA | FUND | GMRA | GMSLA | ISDA | OSLA | PB | Swapclear | UCITS