AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 123 Topic 13 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 123 Topic 13 Discussion

CWM_LEVEL_2 Exam Topic 13 Question 123 Discussion:
Question #: 123
Topic #: 13

Section A (1 Mark)

A(n) _________________________ combines a normal debt instrument with a credit option. It allows the issuer of the debt instrument to lower its loan repayments if some significant factor changes.


A.

Credit Futures


B.

standby letter of credit


C.

credit linked note


D.

credit swap


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