Company X and Company Y have been offered the following rates per annum on a 10 million 5-year loan:

	Fixed Rate	Floating Rate
Company X	6.2%	LIBOR + 0.3%
Company Y	7.8%	LIBOR + 1%

Company X requires a floating rate loan; company Y requires a fixed rate loan. Design a swap that will net a bank acting as intermediary 0.3 percent per annum and which will be equally attractive to X and Y. You need to draw a diagram to indicate the interest rate flows.