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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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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
describe credit events and settlement protocols with respect to CDS;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.