ACI Dealing Certificate (#229)

The two-week repo rate for the 5.25% Bund 2011 is quoted to you at 3.33-38%. You agree to reverse in bonds worth EUR 266,125,000.00, but insist on an initial margin of 2%. You would earn repo interest of:

EUR 337,874A0
EUR 342,947.58
EUR 337,739.24
EUR 342,810.40