9. a. For a single-name CDS, what is the difference between physical settlement and cash settlement? b.

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9.

a. For a single-name CDS, what is the difference between physical settlement and cash settlement?

b. In a physical settlement, why is there a cheapest-to-deliver issue?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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