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Basic Question 1 of 9
In a CDS, which party bears the credit risk of the reference entity?
B. Protection seller.
C. The third party that issues the debt.
A. Protection buyer.
B. Protection seller.
C. The third party that issues the debt.
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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
Learning Outcome Statements
describe credit events and settlement protocols with respect to CDS;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.