The manager of the CVA desk of a financial institution is reviewing the results of estimating a 1-year bilateral CVA (BCVA) associated with derivative exposure positions with a counterparty. The manager is concerned that the junior analyst who ran the analysis may have entered inputs to the CVA valuation model incorrectly, which led to the result being the unilateral CVA (UCVA) instead of the BCVA.

The manager reports that the discounted expected positive exposure of the financial institution to the counterparty is AUD 48 million for the coming year and is the same amount as the discounted expected positive exposure of the counterparty to the financial institution over the same period. Additional information on the two entities for the coming year is shown below:

	Financial Institution	Counterparty
Annual probability of default	3.3%	1.5%
Expected recovery rate	75%	90%

From the perspective of the financial institution, approximately what is the change in the charge if the analyst derives the BCVA instead of the UCVA?