Which of the Below Statements Is FALSE

Multiple Choice

Which of the below statements is FALSE?

A) The standard single-name credit default swap when the reference entity is a corporate bond or a sovereign bond is fixed based on a notional amount.
B) If no credit event has occurred by the maturity of the swap, both sides renegotiate the swap agreement so that further obligations are incurred.
C) A credit default swap can specify at the contract date the exact amount of payment that will be made by the protection seller should a credit event occur.
D) A standard credit default swap specifies quarterly payments.