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3 Overeenkomst betreffende het Internationale Monetaire Fonds

Administration of Liquidation of the Special Drawing Rights Department

With the amounts received under 1 above, the Fund shall redeem special drawing rights held by holders in the following manner and order:

(a) Special drawing rights held by governments that have terminated their participation more than six months before the date the Board of Governors decides to liquidate the Special Drawing Rights Department shall be redeemed in accordance with the terms of any agreement under Article XXIV or Schedule H.

(b) Special drawing rights held by holders that are not participants shall be redeemed before those held by participants, and shall be redeemed in proportion to the amount held by each holder.

(c) The Fund shall determine the proportion of special drawing rights held by each participant in relation to its net cumulative allocation. The Fund shall first redeem special drawing rights from the participants with the highest proportion until this proportion is reduced to that of the second highest proportion; the Fund shall then redeem the special drawing rights held by these participants in accordance with their net cumulative allocations until the proportions are reduced to that of the third highest proportion; and this process shall be continued until the amount available for redemption is exhausted.

Regeling
Overeenkomst betreffende het Internationale Monetaire Fonds
Afkortingen
Bretton Woods, IMF-Verdrag
Soort
Verdrag
Geldend vanaf
03-03-2011
BWB-id
BWBV0005521
Versie
2011-03-03_0

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