Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
So the above says that trading a user defined and user issued asset involves counter party risk (the issuer not keeping his promise to redeem the asset if desired) but the counterparty website claims: "Trade, BTC, XCP and user-created assets with no counterparty risk" 
I think they mean that there's no counterparty risk in the trade itself, as opposed to the issuer risk of holding an asset token that (you hope) is backed by real property.
I have a proposal for a service that might go some way toward mitigating the issuer risk part. I'd love some feedback from you guys if you have a moment.