A group of companies controlled from the UK includes subsidiaries in Country X, Y and Z. It is forecast that, at the end of the month, intra-company indebtedness will be as follows:

• Subsidiary in X will be owed X$144,381,000 by the subsidiary in Y and will owe the subsidiary in Z an amount of Z$1,060,070.
• Subsidiary in Y will be owed Y$14,438,000 by the subsidiary in Z and will owe it Z$800,000

Suppose you are given the following exchange rates:

X$: = 68.10

Y$: = 10.215

Z$: = 1.415

What are the net payments to be made in respect of the above balances, and what are the possible advantages and disadvantages of such multilateral netting?