CHAPTER II. Transactions and Operations in SDRs Between Participants and Other Holders
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
01 Jun 1995
Keywords:
M&G; SDR; fund; amount; currency; SDR Department; SDR account; overdue charge; participants' SDR account; fund member; charges to the fund; Currencies; Freely usable currencies; Exchange rates; SDR interest rate; Loans; Global; West Africa; SDR loan; SDR commitment; SDR holder; SDRS need; SDRS mean spot exchanges of SDR; Forward exchange rates

Abstract

The Fund's Articles of Agreement establish three categories of SDR holders. These are (a) members electing to participate in the scheme (participants), (b) the Fund itself through its GRA, and (c) “…non-members, members that are non-participants, institutions that perform functions of a central bank for more than one member, and other official entities” (Article XVII, Section 3(i)) prescribed by the Fund as “other holders.” Currently all members are participants, and the Fund has prescribed 15 institutions as other holders of SDRs.9

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Cover Users' Guide to the SDR
Users' Guide to the SDR
A Manual of Transactions and Operations in Special Drawing Rights
ISBN:
9781557755285
ISSN:
2663-3744
Publication Date:
01 Jun 1995
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557755285.069
Pages:
101