Companies ACC and BCC have been offered the following rates per annum on a $375 million three-year loan:

	Fixed Rate	Floating Rate
Company ACC	6.0%	LIBOR+0.1%
Company BCC	7.4%	LIBOR+0.6%

Company ACC requires a floating-rate loan; company BCC requires a fixed-rate loan. (a) Design a swap that will appear equally attractive to both companies when only both companies ACC & BCC are directly involved in deal i.e. there is no bank as intermediary is involved. (b) Design a swap that will net a bank, acting as intermediary, 0.1% per annum and that will appear equally attractive to both companies.