In a basket credit default swap, there are multiple reference entities with the trigger determining when the protection buyer must make a payment to the protection seller being based on the number of reference entities that must default.

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The Answer of In a basket credit default swap, there are multiple reference entities with the trigger determining when the protection buyer must make a payment to the protection seller being based on the number of reference entities that must default.

In a Basket Credit Default Swap, There Are Multiple Reference