On $6$ September $2020,$ Bank A $($borrower$)$ agrees to sell $1$ million nominal of a UK gilt, the $8\%$ Treasury

maturing in $2023,$ which is trading at a dirty price of $104\mathrm{.}3.$ The agreement will begin on $7$ September, the

value date. The term of the trade is $30$ days, so the termination date is $7$ October $2020$ and the agreed repo

rate for the $($eectively collateralised$)$ loan is set at $6\mathrm{.}75\%.$ On $7$ September Bank B $($lender$)$ receives $1$m

nominal $8\%$ Treasury, which has a settlement value of $1,043,000($clean price plus accrued interest$).$ How

much does Bank A pay to Bank B on the termination date, $7$ October $2020?$ Use Actual$/365.$