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12.5 points The below figure describes a scenario where Banks. A, 8, and C owe the other banks the amount indicated. For example Bank A

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12.5 points The below figure describes a scenario where Banks. A, 8, and C owe the other banks the amount indicated. For example Bank A owes Bank B 550 . - Describe cross-currency settlement (Herstatt) risk (1-2 sentences). - Use the above example to demonstrate (with numbers and description in wordi) how the use of a multilateral nettirg arrangement could be used to minimize the settlement risk for the above banks

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