________ means that if a credit event as defined by the documentation occurs, the reference obligation is delivered by the protection buyer to the protection seller in exchange for a cash payment.

Question

Quizplus · Accepted Answer

Physical delivery means the actual delivery of the reference obligation to the protection seller in the event of a credit event, in exchange for a cash payment. This is one of the possible settlement methods for credit default swaps.

________ Means That If a Credit Event as Defined by the Documentation