Samsung has obtained the following FRA quotes from its bank for a USD8.1 million, 7-month loan in 4 months time:

FRA rate: 5.37%

Reference rate: LIBOR

It observes the following rates in the market:

Current 11-month LIBOR: 6.87%

Current 4-month LIBOR: 6.37%

Current 7-month LIBOR: 6.62%

11-month LIBOR in 4 months time: 9.3975%.

4-month LIBOR in 4 months time: 5.6385%

7-month LIBOR in 4 months time: 6.7125%.

What is the cash settlement for this FRA contract?