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Basic Question 2 of 2
Which of the following parties takes the credit risk of the underlying security in a credit-linked note?
B. Seller of the credit-linked note
C. Third party
A. Buyer of the credit-linked note
B. Seller of the credit-linked note
C. Third party
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
define forward contracts, futures contracts, swaps, options (calls and puts), and credit derivatives and compare their basic characteristics
CFA® 2025 Level I Curriculum, Volume 5, Module 2.