reserve tranche purchase oor Spaans
reserve tranche purchase
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A member shall be entitled to make reserve tranche purchases to meet capital transfers.
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Service, on reserve tranche purchases, Art. V, Sec.
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Purchases in currencies and SDRs, including reserve tranche purchases
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The service charge on reserve tranche purchases shall not exceed one-half of one percent.
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2Excludes reserve tranche purchases; includes outstanding associated loans from the Saudi Fund for Development.
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A service charge of 50 basis points is levied by the IMF on all purchases except reserve tranche purchases.
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Purchases under this section and holdings resulting from such purchases shall be excluded for the purposes oft lie definition of reserve tranche purchase pursuant to Article XXX(c).
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For instance, it could be decided, with respect to such purchases, to provide for special repurchase periods and for their exclusion from the definition of reserve tranche purchases.
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In 1996/97 members’ purchases from the GRA, excluding reserve tranche purchases,8 amounted to SDR 4.9 billion or less than half the 1995/96 level of SDR 10.8 billion (Table 45; see also Appendix II, Table II.7).
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When a duly authenticated request is received for a purchase in accordance with Article V, Section 3, other than a reserve tranche purchase or a purchase under a stand-by or extended arrangement, the Fund shall promptly consider the request.
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(c) The Fund shall examine a request for a purchase to determine whether the proposed purchase would be consistent with the provisions of this Agreement and the policies adopted under them, provided that requests for reserve tranche purchases shall not be subject to challenge.
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The service charge payable by a member buying, in exchange for its own currency, the currency of another member or SDRs from the General Resources Account shall be 0.5 percent, except that no service charge shall be payable in respect of any purchase to the extent that it is a reserve tranche purchase.
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Charges (a) (i) The Fund shall levy a service charge on the purchase by a member of special drawing rights or the currency of another member held in the General Resources Account in exchange for its own currency, provided that the Fund may levy a lower service charge on reserve tranche purchases than on other purchases.
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When a request is received for a reserve tranche purchase of currency, or subject to (b) below for a purchase of currency in accordance with a stand-by or extended arrangement, the Fund's instructions to the appropriate depository to make the transfer shall be given not later than the close of the first business day following receipt of the request.
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Instructions for the transfer of currency for any purchase, other than a reserve tranche purchase, shall be rescinded, to the extent that it is feasible, during the period between the issuance of the instructions and the value date for the purchase if, during that period, the member requesting the purchase has any overdue financial obligation to the Fund or is failing to meet a repurchase expectation pursuant to the Guidelines on Corrective Action with respect to a noncomplying purchase.
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29 In the case of a reserve tranche purchase, which is a use of a member’s own reserve assets, the representation of balance of payments need is not challenged by the IMF, Also, once an arrangement has been approved by the IMF, a member’s representation of balance of payments need to make a purchase is not subject to challenge, under a long-standing policy intended to assure the member of the availability of IMF resources committed to it, subject only to its meeting performance criteria and other conditions specified in the arrangement.
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A member’s reserve tranche is regarded as a part of the member’s external reserves and a member may purchase up to the amount of its full reserve tranche at any time when the member represents that it has a need.
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Outstanding purchases of Fund resources through the GRA are equal to all purchases minus repurchases, excluding transactions within the reserve tranche.
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C, par. 8 Policies on use of Fund’s general resources, exclusions of purchases and holdings for purpose of calculating member’s reserve tranche, Art.
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For the purpose of this provision, net income shall be calculated without taking into account net operational income generated by the surcharges on purchases under the Supplemental Reserve Facility and Contingent Credit Lines, the surcharge on purchases in the credit tranches and under the Extended Fund Facility or the effect on income of the implementation of International Accounting Standard 19—Employee Benefits. (EBS/03/43, 4/7/03)
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IMF purchases are total drawings on the General Resources Account of the IMF during the year specified, excluding drawings in the reserve tranche.
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A3.85 To utilize its reserve tranche in the IMF, a member must present a declaration of a balance of payments need and purchase foreign exchange from the IMF with its own currency.
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22 sinne gevind in 16 ms. Hulle kom uit baie bronne en word nie nagegaan nie.