参考号：EM13346888

Offered a $20 million commercial loan priced using a 3month LIBOR index+100bp. After some preliminary research, using a money center bank's swap trading desk and its traders' connections, a possible deal has started taking shape. Another company would be willing to pay our company a floating rate payment priced at 3-month Libor+25bp, while our company would have an obligation to pay a fixed rate of 5.55% annualized, with quarterly settlements. I'm not overly concerned with the other party's reasons for requiring these payments, so we don't have to calculate the other party's final cost. But we do need to remember that fixed-rate swap payments are made on a semiannual basis, based on 30/90/180/360 Accrual Year Fraction, while floating-rate side payments are being made on a quarterly basis, based on Actual/360 Accrual Year Fraction.

Evaluate the basis for the payment to the lender: 3-month Libor+100bp.

评估向公司欧洲竞赛付款的基础。

Evaluate the basis for the payment to be received from the company-counterparty.

评估向贷方向我们公司付款的最终成本的基础。

Determine both of the following:

季度付款，使用适当的应计惯例（如果浮动率基于步骤的最终成本）。

如果固定利率为一步的最终成本，则使用适当的应计惯例进行半年度付款。