1. Assuming the NDF transaction in Question 4, the fixing JISDOR rate is at IDR13,800 but the actual transacted spot rate is IDR13,815. Quantify the effect of the basis risk.

If you were in Dans position, how would you evaluate whether Deltrix should hedge its IDR exposure?

If you were Dan and a decision was made to hedge the IDR exposure, how would you decide whether to hedge using onshore IDR forwards or an IDR NDF?

(Please answer all so that everything is clear)