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Alberta entered into a FX Swap contract to finance its needs for 1 million USD for 3 months. The terms are as follows. Settlement date

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Alberta entered into a FX Swap contract to finance its needs for 1 million USD for 3 months. The terms are as follows. Settlement date is 24.12.2021. The near rate exchange (spot rate) is Euro to 1.2 USD. The far leg exchange rate (forward rate agreed) to close the position after 3 months is EUR to 1.25 USD. Calculate the flow of currencies between the two parties at spot date and the forward date. Draw the flow of currencies between ALBERTA and the Bank for each of the legs (start and maturity)

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