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Cencaru Multi Corporation is a U.S.A multinational company manufacture grass cutters and has affiliates in Spain, Italy and France. The spot rate given by the

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Cencaru Multi Corporation is a U.S.A multinational company manufacture grass cutters and has affiliates in Spain, Italy and France. The spot rate given by the bank are as follows: 1 = $4.5 1 = $2. SFrl = $1.5 Receipt by: Disbursement by: SPAIN ITALY ISA FRANCE 60 70 20 120 80 60 USA SPAIN ITALY FRANCE TOTAL DISBURSEMENT (5000) TOTAL RECEIPTS ($000) 250 140 130 180 700 40 20 80 140 50 60 170 40 130 260 Show the original, bilateral and multilateral netting based on the affiliates currency. Note: Original and bilateral in different diagram

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