Template:Nutshell Credit Derivatives Buyer and Seller

Section 1.3. “Buyer” is the Fixed Rate Payer; that is, the one who benefits from credit protection.
Section 1.4. “Seller” is the Floating Rate Payer; that is, the one who provides the credit protection.

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Section 12.6. “Fixed Rate Payer” will be specified in the Confirmation.
Section 12.16. “Floating Rate Payer” will be specified in the Confirmation.