A credit default swap requires a semiannual payment at the rate of 60 basis points per year. The principal is \(\$ 300\) million and the credit default swap is settled in cash. A default occurs after 4 years and 2 months, and the calculation agent estimates that the price of the cheapest deliverable bond is \(40 \%\) of its face value shortly after the default. List the cash flows and their timing for the seller of the credit default swap.