The below table summarises the borrowing costs confronting two companies A and B.
|Bond Market Yields|
|Fixed Yield to Maturity (%pa)||Floating Yield (%pa)|
|Firm A||3||L - 0.4|
|Firm B||5||L + 1|
Firm A wishes to borrow at a floating rate and Firm B wishes to borrow at a fixed rate. Design an intermediated swap (which means there will actually be two swaps) that nets a bank 0.1% and shares the remaining swap benefits between Firms A and B equally. Which of the following statements about the swap is NOT correct?