> For the complete documentation index, see [llms.txt](https://docs.opendelta.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.opendelta.com/risks/rebalancing-counterparty-risk.md).

# Rebalancing Counterparty Risk

To perform monthly rebalancing, OpenDelta may temporarily transfer basket assets to third-party trading venues such as Wintermute OTC, among others. This process introduces short-term counterparty risk, typically limited to a few hours per month.

Trading partners are selected based on their proven track record, operational reliability, and security standards. Where supported, OpenDelta mitigates this risk through the use of Off-Exchange Settlement (OES)—a mechanism that enables trades to be executed directly from the custodial environment, without requiring assets to leave it.