The question is shown below

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 beyond or less RSA 178,548 234,000 RSL 249,000 145.450 Equity 95.000 Derivatives Puts Interest rate 70.000 Swap (notional) Actual - 90.500 18.550 Dollar Gap a) For the repricing time interval of 1 year or less, identify how the puts on bond have been used (i.e. 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 (i.e. specify whether the swap is bought or sold for hedging against or speculation on a rising or falling interest rate)