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Basic Question 0 of 3
The cheapest-to-deliver option benefits the ______.
B. protection seller.
C. loan borrower.
A. protection buyer.
B. protection seller.
C. loan borrower.
User Contributed Comments 3
| User | Comment |
|---|---|
| gregsob2 | really? in what sense? isnt it the protection seller who delivers the bond? |
| droko | the buyer delivers. |
| CFAJ | the protection seller either buys the defaulted bonds from the buyer of CDS or pays the difference between cheapest to deliver and notional amount |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe credit events and settlement protocols with respect to CDS;
CFA® 2026 Level II Curriculum, Volume 4, Module 30.