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CDS was quoted as 510 bps on March 19th, 2019. The standard premium (spread) was 500 bps. The upfront payment made on March 19th, 2019

CDS was quoted as 510 bps on March 19th, 2019. The standard premium (spread) was 500 bps. The upfront payment made on March 19th, 2019 should be made from the CDS buyer to the CDS seller or the other way around?

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