Multiple Choice
Cash settlement for a credit default swap (CDS) means the:
A) protection buyer delivers the agreed notional value of the debt to the protection seller.
B) protection buyer transfers the specified debt to the protection seller.
C) protection seller pays a net cash amount to the protection buyer.
D) protection buyer delivers the face value of the debt to the protection seller.
Correct Answer:
Verified
Correct Answer:
Verified
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