ACI
3I0-012 · Question #299
3I0-012 Question #299: Real Exam Question with Answer & Explanation
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Question
Which of the following statements about Credit Default Swaps (CDS) is correct?
Options
- ACDS are used to recover funds from defaulted swap counterparties.
- BCDS provide protection against specified credit events to the party receiving the CDS premium payments.
- CCDS provide protection against the default of the trade counterparty that buys the CDS.
- DCDS provide compensation to the protection buyer, should a specified credit event occur to a third party entity.
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