Estimate the capital requirement under Basel I for a bank that has the following transactions with another bank, Assume no netting. (a) A two-year forward contract on a foreign currency, with the following information: Currentvalueofthecontract(in$millions):Contracttobuyforreigncurrencyworth(in$millions):(b)Alongpositioninasix-monthoptionontheS&P500,withthefollowing3.856 information: The principal (in \$millions) 20.6 Current value of the option (in \$millions): 5.4 (c) A five-year swap involving oil, with the following information: The principal (in \$millions) Current value of the swap (in \$millions): 31.7 3.9 What difference does it make if the netting amendment Estimate the capital requirement under Basel I for a bank that has the following transactions with another bank, Assume no netting. (a) A two-year forward contract on a foreign currency, with the following information: Currentvalueofthecontract(in$millions):Contracttobuyforreigncurrencyworth(in$millions):(b)Alongpositioninasix-monthoptionontheS&P500,withthefollowing3.856 information: The principal (in \$millions) 20.6 Current value of the option (in \$millions): 5.4 (c) A five-year swap involving oil, with the following information: The principal (in \$millions) Current value of the swap (in \$millions): 31.7 3.9 What difference does it make if the netting amendment