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Basic Question 2 of 9

The cheapest-to-deliver option benefits the ______.

A. protection buyer.
B. protection seller.
C. loan borrower.

User Contributed Comments 3

User Comment
gregsob2 really? in what sense? isnt it the protection seller who delivers the bond?
droko the buyer delivers.
CFAJ the protection seller either buys the defaulted bonds from the buyer of CDS or pays the difference between cheapest to deliver and notional amount
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe credit events and settlement protocols with respect to CDS;

CFA® 2025 Level II Curriculum, Volume 4, Module 30.