[A] To rename a counterparty, go to the Network module.
[B] In the search bar on the right side, search the name of the party which is to be renamed. Click on the Edit button next to it.
[C] On the next page, click on Edit Details.
[D] Change the name of the counterparty.
[E] Once the name is changed, click on Save Details. The name has been changed.
Keywords: edit name of counterparty, change name of counterparty.