Swap part why counterparts has adv in borrowing at floating its l +.8 still higher than Cmc l+.4 Do we need to set the table in the exam I can explain clear Plus different than your lectures of notes example they have indicated which method the company prefer here in the exam they just list the different rate of fix and floating can I say the net benefit for both are 40 basis point so for cmc they can either borrow at 1.8 or l as for counterpart they can borrow at 3.4 L+0.4