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Article 13 Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen

CAPITAL AND OTHER RESOURCES

1 The Governing Council shall establish a Collateral Reserve, the resources of which shall be employed as collateral for borrowings made by the Fund.

2 The resources of the Collateral Reserve shall consist of:

a) Earnings of the Capital Account, net of administrative expenses, in such amounts as the Governing Council shall determine annually;

b) Voluntary contributions to the Collateral Reserve from Members; and

c) Any other resources made available for the Collateral Reserve by any party.

3 Notwithstanding the provisions of paragraphs 1 and 2 of this article, the Governing Council shall decide by a Highly Qualified Majority how to dispose of any net earnings of the Capital Account not allocated to the Collateral Reserve.

Regeling
Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen
Soort
Verdrag
Geldend vanaf
10-01-2016
BWB-id
BWBV0003602
Versie
2016-01-10_0

In de hele regeling · Officiële tekst op wetten.overheid.nl