In Its Simplest Form,a Credit Default Swap Provides

In its simplest form,a credit default swap provides

A) insurance against default in the principle and interest payments of a credit instrument.
B) an alternative method for bond issuers to pay principle and interest payments via a swap.
C) bond investors with a method to swap interest payments for principle payments during a "credit event."
D) the government with a guarantee that certain bond issues will not run into credit problems.