CDS and CLN paper

Requirements:

please talk about Credit linked note and credit default sawps, I uploaded the two sources. please talk about them. Moreover, talk about one thing that interesting from the two source I uploaded.

Relate (1) what you believe you have learned about credit Credit linked note and credit default sawps (provide enough detail so I know at least something of what you have learned), (2) what dangers exist with these derivatives, (3) list the benefits of having such derivatives. Include a comment on what you found most interesting to you in your readings/assignments. Good written communication skills should be evident. Except for the list, please use prose in the rest of the response. Do NOT clip and paste anything.