Interest rate swaps

You will have to give the name (and date) of a past question that is confusing you with regard to this. I have all past exam questions and I cannot recall one where it has not been clear from the question with regard to the bank charges.

Oh dear - I know that I said that I had all past exam questions, but I only keep them for 15 years and so I do not have the 2004 exam :-( The examiner has changed twice since 2004 and so the style of questions has changed.

Unless a question specifies how much is charged to each party (or specifies how they decide to share the charge) then you should assume that is the total charge. There is only one intermediary, and it would be up to the two parties to decide how to split it between them.

You are welcome :-)