A credit risk manager at a bank is estimating the unexpected loss (UL) of the bank's portfolio of loans and the UL contributions of the individual loans to the overall portfolio UL. The portfolio consists of a large number of loans and the manager assumes that the loans have approximately the same characteristics and size, with a constant pairwise default correlation of 0.32. Assuming the UL of each loan is USD 10,500, what is the approximate UL contribution of each loan to the portfolio UL?