In a Plain Vanilla Fixed-For-Floating Swap

question 28

Multiple Choice

In a plain vanilla fixed-for-floating swap,

• A) Fixed payments and floating payments must be made on the same date.
• B) Fixed payments and floating payments may follow different payment cycles.
• C) Fixed payments are made semi-annually while floating payments are quarterly.
• D) Fixed payments are known ahead of time while the floating payment due on a particular date gets to be known only on that date.