Companies X and Y both want to raise $100 Million ten-year loans. Company X wishes to borrow at a fixed rate of interest because it wants to have a certainty about its future interest liabilities, while Company Y wishes to borrow at a floating rate because its treasurer believes that interest rates are likely to fall in the future. Company X has been offered a fixed interest loan at 13% and a floating rate loan at LIBOR+2.5%. Company Y has a better credit rating than X, and has been offered a fixed interest loan at 10% and a floating rate loan at LIBOR+1%. Describe by use of a diagram how you can bring these two companies together in an interest rate swap that would make both firms better off, without the intervention of a swap dealer.