1. What is the floating rate Barclays pays?

2. Who is long? Who is short?

3. At the first swap interval (6 months) what is the net payment? and by whom?

$21m fixed loan AMZN $21m Barclays floating floating interest rate AMZN agrees to pay 2.5% per annum on a notional $21m at 6 month intervals for 5 years. N= 21,000,000 2.5000% In return AMZN will receive a floating rate on the $21m over the same time period from Barclays. Barclays will pay floating = LIBOR + 300 bp = ( LIBOR + 3%) Current LIBOR is quoted at 0.45% per annum What is the floating rate Barclays pays? per annum 0 per months Who is long? Who is short? 0.5(x-yl)'N reminder if rates are quoted annually and you are calculating 6 month payment must adjust by half At the first swap interval (6 month) what is the net payment and by whom