Test your knowledge

When the contract matures, irrespective of what happens to the reference asset
If any one of the credit events specified in the contract occurs
At regular intervals during the term of the contract until either a credit event occurs, or the contract matures
Has long exposure to the credit risk of the reference entity
Has short exposure to the credit risk of the reference entity
Has short exposure to the credit risk to the reference entity only if the mark-to-market value of the position is positive
EUR 2 million
EUR 3 million
EUR 5 million
You will have to make an upfront payment to the protection seller
You will receive an upfront payment from the protection seller
There will be no upfront payment exchanged between you and the protection seller
Our counterparty in the CDS transaction
The bond or loan used to determine the seniority of credit risk transferred in a CDS
The underlying credit or 'name' on which protection is being bought or sold

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