In the practical use of credit default swaps there:
A) is not an organized exchange or template for the agreement.
B) is an organized exchange or template for the agreement.
C) are laws making them illegal in the United States.
D) are limits to the amount of borrowing of both parties.
E) None of these.

Question

Quizplus · Accepted Answer

Credit default swaps are typically traded over-the-counter (OTC) and do not have an organized exchange or standardized template, although the International Swaps and Derivatives Association (ISDA) provides some standardization.

In the Practical Use of Credit Default Swaps There