ReDO Table assuming a 5-year fixed for floating currency swap in which BARCLAYS pays 4.5 % fixed in Sterling (British Pounds), and British Petroleum pays floating$ Libor to BARCLAYS. The initial$$ amount of the swap is $16 million. The initial exchange rate is $1.6 per British Pound Sterling. Remember that the appropriate principal-currency amount JS exchanged at the beginning and reversed at the end. Since British Petrol will be paying DOLLAR interest, British Petrol receives/ "borrows" DOLLAR up front, AS IN TABLE 7.5. In addition, assume that the floating$ Lib or rates at the 6 dates: (2 -1-16 to 2-1-21) are 4 %, 3.8 %, 4.2 %, 4.8 %, 5 %, 4.6 %

Table 7.5 Cash flows to British Petroleum in currency swap Date Dollar cash flow (millions) +15.00 -0.45 -0.45 -0.45 -0.45 -15.45 February 1, 2016 February 1, 2017 February 1, 2018 February 1, 2019 February 1, 2020 February 1, 2021 Sterling cash flow (millions) - 10.00 +0.40 +0.40 +0.40 +0.40 +10.40 9 Table 7.5 Cash flows to British Petroleum in currency swap Date Dollar cash flow (millions) +15.00 -0.45 -0.45 -0.45 -0.45 -15.45 February 1, 2016 February 1, 2017 February 1, 2018 February 1, 2019 February 1, 2020 February 1, 2021 Sterling cash flow (millions) - 10.00 +0.40 +0.40 +0.40 +0.40 +10.40 9