Article XXIV Termination of Participation

International Monetary Fund

Author: International Monetary Fund

Language:: English

Keywords:: AA; Fund; agreement; special drawing rights; holdings of special drawing rights; terminating participant; equivalent amount of special drawing rights; obligation to the fund; article xxiv termination; Freely usable currencies; Currencies

Abstract

(a) Any participant may terminate its participation in the Special Drawing Rights Department at any time by transmitting a notice in writing to the Fund at its principal office. Termination shall become effective on the date the notice is received.

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Articles of Agreement

Author: International Monetary Fund

ISBN:: 9781616351045

Publication Date:: 15 Sep 2011

Publisher:: International Monetary Fund

DOI:: https://doi.org/10.5089/9781616351045.013

Pages:: 136

Abstract
Section 1. Right to terminate participation
Section 2. Settlement on termination
Section 3. Interest and charges
Section 4. Settlement of obligation to the Fund
Section 5. Settlement of obligation to a terminating participant
Section 6. General Resources Account transactions

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