CDS can be customized to meet the specific needs of investors, and they can be traded on exchanges or over-the-counter markets. They can also be used to hedge against other types of risks, such as interest rate risk or currency risk.

However, it's important to note that CDS are not without risk. They can be complex and difficult to understand, and they can be subject to market volatility and other risks. Investors should carefully consider their investment objectives and risk tolerance before using CDS, and they should thoroughly research the creditworthiness of the borrower and the terms of the CDS before making a purchase.