融跃教育

来自:FRM > 二级 > 电脑版 > Unit6 2022-11-17 16:55
Q22: In the event of default, the most that the buyer of a CDS can receive is the par value of the instrument. Why in this question, the CDS buyer can recover the annual coupon?
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liuxuyao    2022-11-18 14:46

致精进的你:

According to the calculation of cash settlement CDS, it should be the face value minus the value of default recovery

The real talent is resolute aspirations.
真正的才智是刚毅的志向。

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