A bank has the following transactions with an A-rated corporation.
(a) A two-year interest rate swap, with the following information:
Principal (in $millions):			101.5
Current worth (in $millions):			3.8
(b) A nine-month foreign exchange forward contract, with the following information:
The principal (in $millions)			151.5
Current value of the option (in $millions):			-4.3
(c) A long position in a six-month option on gold, with the following information:
The principal (in $millions)			51.9
Current value of the swap (in $millions):			7.6
What is the capital requirement under Basel I if there is no netting?
What difference does it make if the netting amendment applies?
What is the capital required under Basel II when the standardized approach is used?