A bank enters into a forward purchase TT Covering an export bill for Swiss Francs 1,00,000. at 32,4000 duo on 25h April and coveted itself for same delivery in the local inter bank marker at 7 32,4000 However, on 25, March, exporter sought for cancellation of the contract as the tenor of the bill is changed: In Singapore market, Swiss Francs were quoted against US dollars as under Spot USD 1-Sw.Fcs One month forward 1.5076/1.5120 1.5150/ 1.5160. Two months forward Three months forward 1.5250/1.5270 1.5415/1.5445 and in the interbank market US dollars were quoted as under: Spot USD 1 49.4302/4455 Spot/April 4100/4200 Spot/May 4300/4400 Spot/June 4500/4600 Calculate the cancellation charges, payable by the customer if exchange margin required by the bank is O.10% on buying and selling leas