Which of the Below Statements Is FALSE

question 33

Multiple Choice

Which of the below statements is FALSE?

• A) In the absence of a credit event, the protection buyer will make a quarterly swap premium payment over the life of the swap.
• B) If a credit event occurs, there are no further payments of the swap premium by the protection buyer to the protection seller.
• C) If a credit event occurs, a termination value is determined for the swap.
• D) With physical settlement the protection seller delivers a specified amount of the face value of bonds of the reference entity to the protection buyer.

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Definitions:

Multiple Sclerosis

An autoimmune disease in which the body's immune system attacks its own tissues, specifically the myelin sheath in the central nervous system, leading to demyelination and a wide range of neurological symptoms.

Ischemic Stroke

A type of stroke caused by a blockage in the blood vessels that supply blood to the brain, leading to reduced blood flow and oxygen to brain tissue.

Brain Damage

Brain damage refers to the destruction or deterioration of brain cells due to various causes, such as trauma, stroke, or disease, potentially leading to impaired cognitive, physical, or emotional functions.

Neurosurgeries

Surgical interventions targeted at the nervous system, including the brain, spinal cord, and other components, to treat neurological conditions and injuries.