What is the credit equivalent amount of the off- balance items?

Beta Bank has the following balance sheet in millions of dollars. The risk weights as specified by the Basel capital standards are given in parentheses. Unless mentioned otherwise, all assets are held by corporate customers in millions of dollars. Off balance Sheet L/C: $40 milion commercial letters of credit issued to a BBB - -rated U.S. corporation (credit conversion factor =20 percent) Off-balance sheet derlvatives: $200 million 10 -year interest rate swaps (In-the-money by 1.5 million, and the credit conversion factor for potential exposure =1.5% )