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Two months ago the Italian bank Unicredit signed a 3 months forward contract with Fiat promising to deliver USD 1 3 . 5 0 0

Two months ago the Italian bank Unicredit signed a 3 months forward contract with Fiat promising to deliver USD 13.500.000 against payment by Fiat of EUR 10.000.000. Unicredit now has decided that it wants to use a swap to move its contractual obligations one month further into the future. Another European bank, Santander offers the following rates for USD- EUR swaps one month forward: 30-day 60-day EUR/USD 0.7520-0.75248/6
(a) What contract should Unicredit sign with Santander and what would the rates (terms) be of such a contract?
(b) Illustrate the flows between Santander, Unicredit and Fiat, using a diagram

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