Q.3946 JCT bank has a position in two assets - shares of company X and a separate commodity Y. The following data has been extracted from the bank's liquidity division:

• The mid-market price of the shares is $72,000,000 and the mid-market price of the commodity is $47,000,000.
• The mean and standard deviation for the bid-offer spread for the shares are $1.30 and $1.03, respectively.
• The mean and standard deviation for the bid-offer spread for the commodity are $1.32 and $0.88, respectively.
• The bank holds 1 million units in each of the two positions.

Calculate the cost of liquidation at a 99% confidence level, assuming the spread distribution is approximately normal in a stressed market.