In terms of how the conversation went, I think Sybell made the first move and said: The Young Wolf has taken my castle and been wounded, he’s under my daughter’s care. I can’t kill him because his army will take reprisals on his behalf. What do you advise?
Because Tywin was atm trying to get Walder to sign on the dotted line, I think he said: compromise the boy so that the Frey alliance breaks, and you will be rewarded.
Sybell responds: I can do that. I want a pardon for my family, a lordship for my brother, and marriages for my daughters.
Tywin: Done. Make sure the assignation does not bear fruit – the Stark boy must not have an heir.
It’s a short conversation, only two exchanges needed. And yes, they probably did use some form of code.