A customer gives you GBP 25,000,000.00 at 0.625% same day for 7 days.
Through a broker, you place the funds with a bank for the same period at 0.6875%.
Brokerage is charged at 2 basis points per annum.
What is the net profit or loss on the deal?
ProfitofGBP 299.66
Profit of GBP 203.77
LossofGBP299.66
Loss ofGBP 203.77
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