The ABC Company of Australian have subsidiaries around the world including Thailand, Vietnam, Malaysia. For a recent month, the following payments matrix of inter-affiliate cash flows, stated in Australian dollars, was forecast. Show how ABCcan use multilateral netting to minimize the foreign exchange transactions necessary to settle inter-affiliate payments. If foreign exchange transactions cost the company 0.5 percent, what savings result from netting?

Countries	Australia	Thailand	Vietnam	Malaysia	Total receipt
Australia	------	37	70	50	157
Thailand	7	------	-----	22	29
Vietnam	12	------	------	17	29
Malaysia	10	27	19	----	56
Total disbursements	29	64	89	89	271

a. Draw a map to show the inter-affiliate transactions

b. Using Bilateral Netting to calculate the transaction fee.

c. Using Multilateral Netting to calculate the transaction fee