Question 6 The interest rate exposures of a bank for its two repricing buckets and the use of derivatives during the time intervals are shown as following: 1 year 1-8 years 8-20 years or less beyond R.SA 178.548 234,000 R.SL 249,000 145,450 Equity 95,000 Derivatives Put: Interest rate Swap (notional) 70,000 Periodic - 90,500 18.550 Dollar Gap 2) For the repricing time interval of 1 year or less, identify how the puts on bond have been used (ie. specify whether the puts are bought or sold for hedging against or speculation on a rising or falling interest rate)? b) For the repricing time interval of 1-8 years, what has the interest rate swap been used for (ie. specify whether the swap is bought or sold for hedging against or speculation on a rising or falling interest rate)