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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe credit default swaps (CDS), single-name and index CDS, and the parameters that define a given CDS product;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.