In a Plain Vanilla Fixed-For-Floating Swap

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.