What is credit default swap

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What is a credit default swap? Explain it how works and include in your answer “credit event”, “protection” and “reference entity.” How can they be used to construct a synthetic corporate bond position? Synthetic Treasury position?

Reference no: EM131075700

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What is credit default swap : What is a credit default swap? Explain it how works and include in your answer “credit event”, “protection” and “reference entity.” How can they be used to construct a synthetic corporate bond position? Synthetic Treasury position?
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