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The primary difference between a credit linked note and a credit default swap lies in their structure and function. Credit linked notes offer a return based on the performance of underlying credits, while credit default swaps serve as insurance against default. Investors can assess their risk appetite when choosing between these instruments, especially within the context of Credit Linked Notes PROMISE-I 2002-1 PLC Counterparties Communications Issuer PROMISE-I 2002-1 PLC.
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