ACI Dealing Certificate (#354)

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