Company A, a manufacturer, wishes to borrow U.S. dollars at a fixed rate of interest. Company B, a US multinational, wishes to borrow Turkish lira at a fixed rate of interest. They have been quoted the following rates per annum (adjusted for differential tax effects):

Company A TRY 11.0%

Dollars 7.0%

Company B TRY 10.6%

Dollars 6.2%

Design a swap that will net a bank, acting as intermediary, 10 basis points per annum and that will produce a gain of 15 basis points per annum for each of the two companies.