Title Page
Selected Decisions of the International Monetary Fund and Selected Documents
Twelfth Issue
International Monetary Fund
Washington, D.C.
April 30, 1986
Copyright Page
International Standard Serial Number: ISSN 0094-1735
Preface
This volume is the Twelfth Issue of Selected Decisions of the International Monetary Fund and Selected Documents. It contains the decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund to which frequent reference is made in the current activities of the Fund. In addition, the volume contains certain documents relating to the Fund and the United Nations. With few exceptions, the decisions are of a general nature and relate to certain obligations, policies, and procedures under the Articles of Agreement.
This issue contains most of the decisions published in the Eleventh Issue that remain in effect, as well as new general decisions adopted after the publication of the Eleventh Issue. Decisions of the Fund that are incorporated in the Rules and Regulations are not reproduced in this volume.
Wherever reference is made in this volume to provisions of the Fund’s Articles or Rules and Regulations that were renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision that is in effect at the present time is given in a footnote.
FRANCOIS P. GIANVITI
Director
Legal Department
Contents
PREFACE
SELECTED DECISIONS OF THE EXECUTIVE BOARD
SELECTED RESOLUTIONS OF THE BOARD OF GOVERNORS
SELECTED DOCUMENTS
LIST OF DECISIONS BY NUMBER
INTERPRETATIONS UNDER ARTICLE XXIX (a)
Selected Decisions of the Executive Board
ARTICLE III
QUOTAS AND SUBSCRIPTIONS
Adjustment of Quotas (408-2)
Gold and Currency Subscribed to the Fund and Accounting by Members for Transactions with the Fund (170-3)
Guidelines on Payment of Reserve Assets in Connection with Subscriptions (6266-(79/156))
ARTICLE IV
EXCHANGE ARRANGEMENTS
Notification of Exchange Arrangements Under Article IV, Section 2 (5712-(78/41))
Surveillance over Exchange Rate Policies (5392-(77/63))
Surveillance: Procedures (6026-(79/13))
Surveillance over Exchange Rate Policies: Review (7645-(84/40) and 8248-(86/60))
Implementation of Procedures for Surveillance: Review (7646-(84/40), 7939-(85/49), 8249-(86/60))
Surveillance: Procedures—Implementation of Three-Month Period (7427-(83/83))
Enhanced Surveillance: Procedures for Transmittal of Staff Reports (8222-(86/45))
ARTICLE V, SECTION 3(a), (b), AND (c)
USE OF FUND’S RESOURCES
Interpretation of Articles of Agreement (71-2)
Use of Fund’s Resources for Capital Transfers (1238- (61/43))
Use of Fund’s Resources: Meaning of “Consistent with the Provisions of this Agreement” in Article V, Section 3 (287-3)
Use of Fund’s Resources and Repurchases (102-(52/11))
General Policies on Use of the Fund’s Resources: Tranche Policies
Guidelines on Conditionality (6056-(79/38))
Guidelines on Performance Criteria with Respect to Foreign Borrowing (6230-(79/140))
Extended Fund Facility (4377-(774/114), as amended by (6339-79/179) and 6830-(81/65))
Extended Fund Facility: Review of Decision (5220-(76/144),7558-(83/156), 7857-(84/175), 8192- (86/13))
Charge for Extended Arrangements (4720- (75/114))
Supplementary Financing Facility (5508-(77/127))
Supplementary Financing Facility: Report on Use (6445-(80/43))
Review of Supplementary Financing Facility: Initial Disposition (6693-(80/177))
Review of the Supplementary Financing Facility (6725-(81/5))
Policy on Enlarged Access (6783-(81/40))
Policy on Enlarged Access: Period and Annual Review (7599-(84/3), as amended by 7841-(84/165) and 8147-(85/177))
Policy on Enlarged Access: Guidelines on Access Limits (7600-(84/3), as amended by 7841-(84/165) and 8147-(85/177))
Policy on Enlarged Access: Use of Ordinary and Borrowed Resources (7601-(84/3))
Stand-By Arrangements (270-(53/95), as amended by 876-(59/15) and 1151-(61/6))
Forms of Stand-By and Extended Arrangements Under Enlarged Access Policy (6838-(81/70)), as amended by (7048-(82/13), 7688-(84/70), and 7908-(85/26))
Elimination of Augmentation of Rights to Purchase Under Stand-By and Extended Arrangements (5706-(78/39))
Exclusion of Credit Tranches and Extended Facility (6830-(81/65))
Amendment of Stand-By and Extended Arrangements to Utilize Supplementary Financing
a. Utilization of Supplementary Financing (7047-(82/13))
b. Forms of Stand-By and Extended Arrangements (7048-(82/13))
Overdue Payments to the Fund—Purchases from Fund (7908-(85/26))
Misreporting and Noncomplying Purchases Under Fund Arrangements—Guidelines on Corrective Action (7842-(84/165))
Relationship Between Performance Criteria and Phasing of Purchases Under Fund Arrangements—Operational Guidelines (7925-(85/38))
Compensatory Financing of Export Fluctuations (6224-(79/135), as amended by 7602-(84/3))
Compensatory Financing of Export Fluctuations: Guidelines on Cooperation (7528-(83/140))
Compensatory Financing of Fluctuations in the Cost of Cereal Imports (6860-(81/81), as amended by 7602-(84/3) and 7967-(85/69))
Compensatory Financing of Fluctuations in the Cost of Cereal Imports: Review (7490-(83/105))
Buffer Stock Financing Facility: the Problem of Stabilization of Prices of Primary Products (2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3))
Buffer Stock Financing Facility: Fourth International Tin Agreement (3179-(70/102) and 3351-(71/51))
Buffer Stock Financing Facility: Fifth International Tin Agreement (5127-(76/91))
Buffer Stock Financing Facility: Sixth International Tin Agreement (7247-(82/147))
Buffer Stock Financing Facility: 1977 International Sugar Agreement (5597-(77/171))
Buffer Stock Financing Facility: International Natural Rubber Agreement, 1979 (7246-(82/147))
ARTICLE V, SECTION 3(d) AND (f)
USE OF FUND’S RESOURCES
Use of Currencies and SDRs in the General Resources Account and Principles and Procedures for Designation
a. Assessment of Strength of Member’s Balance of Payments and Gross Reserve Position for the Purposes of Designation Plans, Operational Budgets and Repurchases Under Article V, Section 7(b) (6273-(79/158) G/S)
b. Specification of Currencies by the Fund (6274-(79/158))
c. Transfers of SDRs Under Article V, Section 3(f) (6275-(79/158) G/S)
Procedures for the Sale of Currencies at the Request of Members with Outstanding Purchases (6352-(79/183))
Sales of SDRs and Use of Currencies Through the Operational Budgets (6772-(81/35) G/S)
Sales of SDRs and Currencies in the General Resources Account: Level of Fund SDR Holdings (7626-(84/23) S, 7941-(85/50) S, and 8265-(86/70) S)
Selection of Currencies by the Fund (6774-(81/35))
ARTICLE V, SECTION 5
INELIGIBILITY TO USE THE FUND’S GENERAL RESOURCES
Use of Fund’s Resources: Limitation and Ineligibility Under Article V, Section 5 (284-3)
Use of Fund’s Resources: Postponement and Limitation Under Article V, Section 5 (286-1)
ARTICLE V, SECTION 6
SALES OF SDRs BY THE FUND (6663-(80/160) S)
ARTICLE V, SECTION 7
REPURCHASES
Early Repurchases (5704-(78/39))
Guidelines for Early Repurchase (6172-(79/101)) 119 Repurchase (5703-(78/39), as amended by 6862- (81/81); 5809-(78/88))
Attribution of Reductions in Fund’s Holdings of Currencies (6831-(81/65), as amended by 7059-(82/23); 7704-(84/78))
ARTICLE V, SECTION 8
-
Charges: Future Changes in Charges on Fund’s Holdings of Members’ Currencies in Excess of Quota (4239-(74/67))
Charges: Media of Payment in General Resources Account (5702-(78/39) G/S, as amended by 7096-(82/57) G/S)
Charges: Accounting for Charges from Members with Overdue Obligations (7930-(85/141))
Charges: Special Charges on Overdue Financial Obligations to the Fund (8165-(85/189) G/TR)
Charges: Set off in Connection with a Retroactive Reduction of Charges Due by Members in Arrears (8271-(86/74))
-
ARTICLE V, SECTION 11
RATES FOR COMPUTATIONS AND MAINTENANCE OF VALUE (5590-(77/163))
ARTICLE V, SECTION 12(f)
SPECIAL DISBURSEMENT ACCOUNT
Special Disbursement Account: Investment (7990-(85/81))
Special Disbursement Account: Transitional Investment of Balances with the Federal Reserve Bank of New York (8029-(85/105))
Special Disbursement Account: Structural Adjustment Facility
I. Income from Investment and Loans—Availability for Use (8237-(86/56) SAF)
II. Regulations for Administration (8238-(86/56) SAF)
III. Use of SDRs in Operations
IV. List of Eligible Members and Amounts of Assistance (8240-(86/56) SAF)
V. Review of Operation of Facility (8241-(86/56) SAF)
ARTICLE VI, SECTION 1
USE OF FUND’S RESOURCES FOR CAPITAL TRANSFERS
ARTICLE VI, SECTION 3
CONTROLS ON CAPITAL TRANSFERS (541-(56/39))
ARTICLE VII
BORROWING
General Arrangements to Borrow (1289-(62/1), as amended by 1362-(62/32), 1415-(62/47), 4421-(74/132), 5792-(78/79), 6241-(79/144), and 7337-(83/37))
General Arrangements to Borrow: Transferability of Claims (7628-(84/25))
General Arrangements to Borrow: Transferability of Claims Under Saudi Arabia’s Borrowing Agreement (7629-(84/25))
General Arrangements to Borrow: Association of Switzerland (1712-(64/29))
Borrowing Agreement with Swiss National Bank, 1976 (5288-(76/167))
Borrowing Agreement with Swiss National Bank, 1977 (5387-(77/61))
Borrowing Agreement with Swiss National Bank: Media of Payment of Interest (5331-(77/15))
Borrowing Agreement with Swiss National Bank: Medium of Payment of Transfer Charges (5306-(77/2))
Borrowing Agreement with Swiss National Bank: Media of Payment of Transfer Charges and Interest (5488-(77/116))
General Arrangements to Borrow: Association Agreement with Saudi Arabia (7403-(83/73))
Replenishment in Connection with Supplementary Financing Facility (5509-(77/127))
Borrowing in Connection with Supplementary Financing Facility: Authorization to Make Calls (6006-(79/3))
Transferability of Claims on Fund Under Oil Facility and Supplementary Financing Facility: Meaning of “Net Creditor Position in Fund” (6008-(79/3))
Borrowing Arrangements in Connection with Supplementary Financing Facility: Payment of Interest (6163-(79/96))
Policy on Enlarged Access: Borrowing Agreement with the Saudi Arabian Monetary Agency (6843-(81/75))
Policy on Enlarged Access: Borrowing Agreement with the Saudi Arabian Monetary Agency—Change in Conversion Arrangements (7188-(82/114))
Policy on Enlarged Access: Borrowing Agreement with the Saudi Arabian Monetary Agency—Supplementary Agreement (7677-(84/64))
Policy on Enlarged Access: Borrowing Agreement with the Bank for International Settlements (BIS) (6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112))
Policy on Enlarged Access: Borrowing from Central Banks and Other Official Institutions on Terms Similar to Those of the Agreement with the Bank for International Settlements (BIS) (6864-(81/81))
Policy on Enlarged Access: Borrowing Agreement with the Bank for International Settlements (BIS), Japan and the National Bank of Belgium (7677-(84/64))
Policy on Enlarged Access: Borrowing Agreements with the Bank for International Settlements (BIS), Japan and the National Bank of Belgium—Extension of Commitment Periods (7955-(85/60))
Policy on Enlarged Access: Establishment of the Borrowed Resources Suspense Accounts (6844-(81/75))
Policy on Enlarged Access: Investment by the Fund of the Currencies Held in the Borrowed Resources Suspense Accounts (6845-(81/75))
Guidelines for Borrowing by the Fund (7040-(82/7), as amended by 7589-(83/181))
ARTICLE VIII, SECTION 2(b)
UNENFORCEABILITY OF EXCHANGE CONTRACTS
Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446-4)
ARTICLE VIII AND ARTICLE XIV
PAYMENTS RESTRICTIONS
Payments Restrictions for Security Reasons: Fund Jurisdiction (144-(52/51))
Bilateralism and Convertibility (433-(55/42))
Retention Quotas: Decision and Letter of Transmittal (201-(53129))
Discrimination for Balance of Payments Reasons (955- (59/45))
Article VIII and Article XIV (1034-(60/27))
PAYMENTS ARREARS (3153-(70/95))
PAYMENTS POLICIES
Consultations on Members’ Policies in Present Circumstances (4134-(74/4))
MULTIPLE CURRENCY PRACTICES
Statement to Members Transmitting Fund’s Decisions on Multiple Currency Practices (237-2)
Multiple Currency Practices (649-(57/33))
Policy on Multiple Currency Practices (6790-(81/43))
VOLUNTARY DECLARATION ON TRADE AND OTHER CURRENT ACCOUNT MEASURES (4254-(74/75))
ARTICLE IX, SECTION 7
PRIVILEGE FOR COMMUNICATIONS
Interpretation of Article IX, Section 7 (534-3)
ARTICLE XII, SECTION 3
EXECUTIVE DIRECTORS
Interpretation of Article XII, Sections 3(b) (i) and 3(f) (2-1)
Executive Directors: Article XII, Section 3(c) (574-2, as amended by 2620-(68/141)
Additional Appointed Directors (597-4)
Adjustment of Quota and Voting Power (180-5)
ARTICLE XII, SECTION 7
PUBLICATION OF REPORTS
Reporting by the Fund of Overdue Obligations (7931 - (85/41))
Publicity Upon Declaration of Ineligibility (7999- (85/90))
ARTICLE XIV
RESTRICTIONS ON PAYMENTS AND TRANSFERS: WITHDRAWAL
Meaning of “Exceptional Circumstances” in Article XIV, Section 4 (117-1)
ARTICLE XV, SECTION 2
VALUATION OF THE SPECIAL DRAWING RIGHT
Method of Valuation (6631-(80/145) G/S
SDR Valuation Basket—Guidelines for the Calculation of Currency Amounts (8160-(851/86) G/S)
Method of Collecting Exchange Rates for the Calculation of the Value of the SDR for the Purposes of Rule 0-2(a) (6709-(80/189) S)
ARTICLE XVII, SECTION 3
SPECIAL DRAWING RIGHTS: OTHER HOLDERS (6467-(80/71) S)
Bank for International Settlements (BIS): Change in Terms and Conditions of Prescription as Holder of SDRs (6484-(80/77) S)
Andean Reserve Fund: Holder of SDRs (6486-(80/77) S)
Swiss National Bank: Holder of SDRs (6485-(80/77) S)
ARTICLE XVIII, SECTION 2
ALLOCATION OF SPECIAL DRAWING RIGHTS
Allocations to New Participants (5956-(78/180) S and 6368-(79/191) S)
ARTICLE XIX, SECTION 2
SPECIAL DRAWING RIGHTS: ADDITIONAL USES
Use of SDRs in Settlement of Financial Obligations (6000-(79/1) S, as amended by 6438-(80/37) S)
Use of SDRs in Loans (6001-(79/1) S)
Use of SDRs in Pledges (6053-(79/34) S, as amended by 6438-(80/37) S)
Use of SDRs in Transfers as Security for the Performance of Financial Obligations (6054-(79/34) S, as amended by 6438-(80/37) S)
Use of SDRs in Swap Operations (6336- (79/178) S)
Use of SDRs in Forward Operations (6337- (79/178) S)
Use of SDRs in Donations (6437-(80/37) S)
Use of SDRs in Payment of Subsidy (8186- (86/9)SBS/S)
Use of SDRs in Operations Under Structural Adjustment Facility (8239-(86/56) SAF)
ARTICLE XIX, SECTION 5
DESIGNATION OF PARTICIPANTS TO PROVIDE CURRENCY
Review of Rules for Designation and Method of Calculating Designation Amounts (6209-(79/124)S)
ARTICLE XIX, SECTION 6
RECONSTITUTION
Abrogation of Rules for Reconstitution (6832-(81/65) S)
ARTICLE XIX, SECTION 7(a)
EXCHANGE RATES
Representative Rate for the European Currency Unit (ECU) (7041-(82/8) G/S)
ARTICLE XX, SECTION 2
CHARGES
Payment of Net Charges and Assessment in the SDR Department for the Financial Year Ended April 30, 1982 (71/6-(82/68) S)
ARTICLE XXVI
INTERPRETATION (343-(54/47))
ARTICLE XXX(c)
EXCLUSION OF PURCHASES AND HOLDINGS
Exclusion of Purchases and Holdings Under Compensatory Financing of Export Fluctuations (2836-(69/87))
Exclusion of Purchases and Holdings Under Buffer Stock Facility (5591-(77/163))
Exclusion of Purchases Under Oil Facility for Purpose of Definition of “Reserve Tranche Purchase” (5371-(77/51))
Exclusion of Purchases Under Supplementary Financing Facility (5508-(77/127))
Exclusion of Credit Tranches and Extended Facility (6830-(81/65))
Exclusion of Purchases Under Policy on Enlarged Access with Borrowed Resources (6783-(81/40) and 7060-(82/23))
ARTICLE XXX(f)
FREELY USABLE CURRENCIES (5719-(78/46))
GENERAL
TRUST FUND (5069-(76/72))
Review of Instrument to Establish the Trust Fund and List of Eligible Members (5563- (77/150) TR)
Trust Fund: Diversification of Investments
a. Amendment of Section III, Paragraph 4(a) of the Trust Instrument (5972-(78/189))
b. Diversification of Trust Fund Investments (5973-(78/189) TR)
Distribution to Developing Countries of Profits from Gold Sales: Authority to Distribute Profits Through Trust Fund (5709-(78/41) TR)
Trust Fund: Procedures for Final Payments of Profits and Loans for the Period July 1, 1976 to June 30, 1978 (5832-(78/95) TR)
Trust Fund: Second Period
a. Timing of Loan Disbursements (6201-(79/121) TR)
b. Extension of Period for Qualification (6202-(79/121) TR)
c. Extension of Second Period (6466-(80/68) TR)
Trust Fund: Extension of Second Period (6676-(80/168) TR)
Trust Fund: Means of Payment of Interest by Members on Their Indebtedness Under Loan Agreements (6358-(79/188) TR)
Trust Fund: Means of Repayment by Members on Their Indebtedness Under Loan Agreements (7142- (82/85) TR)
Trust Fund: Special Charges on Overdue Financial Obligations (8165-(85/189) G/TR)
Trust Fund: Final Direct Distribution of Profits (6540-(80/98) TR)
Trust Fund: Termination and Transfer of Resources to Special Disbursement Account (6704-(80/185) TR)
Terms of Repayment of Final Loan Disbursement and Amendment of Trust Instrument (6793-(81/45))
SUBSIDY ACCOUNT
Supplementary Financing Facility: Subsidy Account—Instrument (6683-(80/185) G/TR)
Supplementary Financing Facility: Subsidy Account—Investment (6854-(81/78) SBS)
Supplementary Financing Facility: Subsidy Account—Suspension of Transfers and Retransfer of Surplus (7989-(85/81) SBS)
Supplementary Financing Facility: Subsidy Account—Means of Subsidy Payments (8185-(86/9)SBS/S)
Supplementary Financing Facility: Subsidy Account—Subsidy Payments for the Period July 1, 1983 Through June 30, 1984 (7754-(84/108) SBS)
Supplementary Financing Facility: Subsidy Account—Subsidy Payments for the Period July 1, 1984 Through June 30, 1985 (8037-(85/110) SBS)
Oil Facility: Subsidy Account (4773-(75/136), as amended by 5694-(78/35))
Oil Facility: Subsidy Account—Final Review (J420-(83/82))
Oil Facility: Subsidy Account—Final Report on Termination (7484-(83/117))
Selected Resolutions of the Board of Governors
A. Request for Interpretation of the Articles of Agreement as to the Authority of the Fund to Use Its Resources (Resolution No. IM-6)
B. Resolution of the United Nations General Assembly 377 (V) Entitled “Uniting for Peace” (Resolution No. 6-8)
C. Composite Resolution on the Work of the Ad Hoc Committee on Reform of the International Monetary System and Related Issues and on a Program of Immediate Action (Resolutions Nos. 29-7, 29-8, 29-9, 29-10)
Interim Committee: Rules of Procedure
Development Committee: Rules of Procedure
Development Committee: Changes in the Organization of Work and Structure of the Secretariat Function
D. Increases in Quotas of Members—Sixth General Review (Resolution No.31-2)
E. Increases in Quotas of Fund Members—Seventh General Review: Report of the Executive Board to the Board of Governors (Resolution No.34-2)
F. Increases in Quotas of Members—Eighth General Review: Report of the Executive Board to the Board of Governors (Resolution No. 38-1)
G. Allocation of Special Drawing Rights for the First Basic Period (Resolution No.24-12)
H. Allocation of Special Drawing Rights for the Third Basic Period: Proposal by the Managing Director of the International Monetary Fund (Resolution No.34-3)
I. Report of the Managing Director to the Board of Governors and to the Executive Board Pursuant to Article XVIII, Section 4(c)
Selected Documents
A. Agreement Between the United Nations and the International Monetary Fund
B. United Nations Convention on the Privileges and Immunities of the Specialized Agencies and Annex V and List of Members Which Have Accepted the UN Convention on Privileges and Immunities of the Specialized Agencies with Respect to the Fund as of April 30, 1985
Index
List of Decisions by Number
Number | Page |
---|---|
2-1 | 303 |
71-2 | 23 |
117-1 | 306 |
170-3 | 3 |
180-5 | 304 |
237-2 | 286 |
284-3 | 115 |
286-1 | 115 |
287-3 | 23 |
408-2 | 3 |
446-4 | 273 |
534-3 | 301 |
574-2, as amended by 2620-(68/141) | 303 |
597-4 | 304 |
102-(52/11) | 24 |
144-(52/51) | 275 |
201-(53/29) | 277 |
270-(53/95), as amended by 876-(59/15) and 1151-(61/6) | 59 |
343-(54/47) | 337 |
433-(55/42) | 276 |
541-(56/39) | 147 |
649-(57/33) | 294 |
876-(59/15), see 270-(53/95) | |
955-(59/45) | 280 |
1034-(60/27) | 281 |
1151-(61/6), see 270-(53/95) | |
1238-(61/43) | 23 |
1289-(62/1), as amended by 1362-(62/32), 1415-(62/47), 4421-(74/132), 5792-(78/79), 6241-(79/144), and 7337-(83/37) | 148 |
1362-(62/32), see 1289-(62/1) | |
1415-(62/47), see 1289-(62/1) | |
1712-(64/29) | 168 |
2620-(68/141), see 574-2 | |
2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3) | 94 |
2836-(69/87) | 338 |
3153-(70/95) | 283 |
3179-(70/102) | 95 |
3351-(71/51) | 96 |
4134-(74/4) | 285 |
4239-(74/67) | 126 |
4254-(74/75) | 298 |
4377-(74/114), as amended by 6339-(79/179) and 6830-(81/65) | 32 |
4421-(74/132), see 1289-(62/1) | |
4720-(75/114) | 38 |
4773-05/136), as amended by 5694-(78/35) | 371 |
4913-(75/207), see 2772-(69/47) | |
5069-(76/72) | 343 |
5127-(76/91) | 96 |
5220-(76/144) | 36 |
5288-(76/167) | 172 |
5306-(77/2) | 181 |
5331-(77/15) | 180 |
5371-(77/51) | 339 |
5387-(77/61) | 176 |
5392-(77/63) | 9 |
5488-(77/116) | 181 |
5508-(77/127) | 38, 339 |
5509-(77/127) | 187 |
5563-(77/150)TR | 352 |
5590-(77/163) | 130 |
5591-(77/163) | 338 |
5597-(77/171) | 99 |
5694-(78/35), see 4773-(75/136) | |
5702-(78/39)G/S, as amended by 7096-(82/57)G/S | 126 |
5703-(78/39), as amended by 6862-(81/81) | 121 |
5704-(78/39) | 117 |
5706-(78/39) | 71 |
5709-(78/41)TR | 354 |
5712-(78/41) | 8 |
5719-(78/46) | 342 |
5792-(78/79), see 1289-(62/1) | |
5809-(78/88) | 123 |
5832-(78/95)TR | 355 |
5956-(78/180)S | 316 |
5972-(78/189) | 353 |
5973-(78/189)TR | 353 |
6000-(79/1)S, as amended by 6438-(80/37)S | 317 |
6001-(79/1)S | 318 |
6006-(79/3) | 195 |
6008-(79/3) | 196 |
6026-(79/13) | 14 |
6053-(79/34)S, as amended by 6438-(80/37)S | 320 |
6054-(79/34)S, as amended by 6438-(80/37)S | 322 |
6056-(79/38) | 26 |
6163-(79/96) | 196 |
6172-(79/101) | 119 |
6201-(79/121)TR | 355 |
6202-(79/121)TR | 356 |
6209-(79/124)S | 329 |
6224-(79/135), as amended by 7602-(84/3) | 82 |
6230-(79/140) | 29 |
6241-(79/144), see 1289-(62/1) | |
6266-(79/156) | 4 |
6273-(79/158)G/S | 104 |
6274-(79/158) | 105 |
6275-(79/158)G/S | 107 |
6336-(79/178)S | 324 |
6337-(79/178)S | 326 |
6339-(79/179), see 4377-(74/114) | |
6352-((79/183) | 108 |
6358-(79/188)TR | 357 |
6368-(79/191)S | 316 |
6437-(80/37)S | 327 |
6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S | |
6445-(80/43) | 44 |
6466-(80/68)TR | 356 |
6467-(80/71)S | 311 |
6484-(80/77)S | 313 |
6485-(80/77)S | 315 |
6486-(80/77)S | 314 |
6487-(80/77)S | 314 |
6488-(80/77)S | 314 |
6489-(80/77)S | 314 |
6540-(80/98)TR | 359 |
6609-(80/126)S | 314 |
6631-(80/145)G/S | 307 |
6663-(80/160)S | 116 |
6676-(80/168)TR | 357 |
6683-(80/185)G/TR | 362 |
6693-(80/177) | 45 |
6704-(80/185)TR | 360 |
6709-(80/189)S | 310 |
6718-(81/1)S | 314 |
6725-(81/5) | 45 |
6772-(81/35)G/S | 110 |
6774-(81/35) | 112 |
6783-(81/40) | 46, 340 |
6790-(81/43) | 295 |
6793-(81/45) | 362 |
6830-(81/65), see also 4377-(74/114) | 72, 340 |
6831-(81/65), as amended by 7059-(82/23) | 124 |
6832-(81/65)S | 333 |
6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26) | 61 |
6843-(81/75) | 198 |
6844-(81/75) | 269 |
6845-(81/75) | 270 |
6854-(81/78)SBS | 369 |
6860-(81/81), as amended by 7602-(84/3) and 7967-(85/69) | 88 |
6862-(81/81), see 5703-(78/39) | |
6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112) | 242 |
6864-(81/81) | 245 |
6870-(81/83), see 6863-(81/81) | |
6908-(81/101)S | 314 |
6925-(81/112), see 6863-(81/81) | |
7040-(82/7), as amended by 7589-(83/181) | 271 |
7041-(82/8)G/S | 334 |
7047-(82/13) | 72 |
7048-(82/13) | 74 |
7059-(82/23), see 6831-(81/65) | |
7060-(82/23) | 341 |
7064-(82/26)S | 315 |
7086-(82/42)S | 315 |
7096-(82/57)G/S, see 5702-(78/39)G/S | |
7116-(82/68)S | 335 |
7142-(82/85)TR | 358 |
7188-(82/114) | 227 |
7229-(82/136)S | 315 |
7246-(82/147) | 102 |
7247-(82/147) | 97 |
7337-(83/37), see 1289-(62/1) | |
7403-(83/73) | 182 |
7420-(83/82) | 374 |
7427-(83/83) | 17 |
7484-(83/117) | 374 |
7490-(83/105) | 93 |
7528-(83/140) | 87 |
7558-(83/156) | 36 |
7582-(83/174)S | 315 |
7589-(83/181) | 271 |
7599-(84/3), as amended by 7841-(84/165) and 8147-(85/177) | 49 |
7600-(84/3), as amended by 7841-(84/165) and 8147-(85/177) | 50 |
7601-(84/3) | 51 |
7602-(84/3) | 83, 91, 92, 93, 94 |
7626-(84/23)S | 111 |
7628-(84/25) | 165 |
7629-(84/25) | 166 |
7645-(84/40) | 15 |
7646-(84/40) | 16 |
7677-(84/64) | 228, 254 |
7688-(84/70), see 6838-(81/70) | |
7704-(84/78) | 125 |
7707-(84/79)S | 315 |
7754-(84/108)SBS | 370 |
7841-(84/165), see 7599-(84/3) and 7600-(84/3) | |
7842-(84/165) | 77 |
7857-(84/175) | 37 |
7908-(85/26) | 75 |
7925-(85/38) | 80 |
7930-(85/41) | 127 |
7931-(85/41) | 305 |
7939-(85/49) | 16 |
7941-(85/50)S | 111 |
7955-(85/60) | 266 |
7967-(85/69), see 6860-(81/81) | |
7989-(85/81)SBS | 369 |
7990-(85/81) | 132 |
7999-(85/90) | 305 |
8029-(85/105) | 132 |
8037-(85/110)SBS | 371 |
8147-(85/177), see 7599-(84/3) and 7600-(84/3) | |
8160-(85/186)GS | 309 |
8165-(85/189)G/TR | 127, 358 |
8184-(86/9)SBS | 369 |
8185-(86/9)SBS/S | 370 |
8186-(86/9)SBS/S | 327 |
8192-(86/13) | 37 |
8222-(86/45) | 19 |
8237-(86/56)SAF | 132 |
8238-(86/56)SAF | 133 |
8239-(86/56)SAF | 328 |
8240-(86/56)SAF | 137 |
8241-(86/56)SAF | 138 |
8248-(86/60) | 16 |
8249-(86/60) | 17 |
8265-(86/70)S | 112 |
8271-(86/74) | 129 |
Number | Page |
---|---|
2-1 | 303 |
71-2 | 23 |
117-1 | 306 |
170-3 | 3 |
180-5 | 304 |
237-2 | 286 |
284-3 | 115 |
286-1 | 115 |
287-3 | 23 |
408-2 | 3 |
446-4 | 273 |
534-3 | 301 |
574-2, as amended by 2620-(68/141) | 303 |
597-4 | 304 |
102-(52/11) | 24 |
144-(52/51) | 275 |
201-(53/29) | 277 |
270-(53/95), as amended by 876-(59/15) and 1151-(61/6) | 59 |
343-(54/47) | 337 |
433-(55/42) | 276 |
541-(56/39) | 147 |
649-(57/33) | 294 |
876-(59/15), see 270-(53/95) | |
955-(59/45) | 280 |
1034-(60/27) | 281 |
1151-(61/6), see 270-(53/95) | |
1238-(61/43) | 23 |
1289-(62/1), as amended by 1362-(62/32), 1415-(62/47), 4421-(74/132), 5792-(78/79), 6241-(79/144), and 7337-(83/37) | 148 |
1362-(62/32), see 1289-(62/1) | |
1415-(62/47), see 1289-(62/1) | |
1712-(64/29) | 168 |
2620-(68/141), see 574-2 | |
2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3) | 94 |
2836-(69/87) | 338 |
3153-(70/95) | 283 |
3179-(70/102) | 95 |
3351-(71/51) | 96 |
4134-(74/4) | 285 |
4239-(74/67) | 126 |
4254-(74/75) | 298 |
4377-(74/114), as amended by 6339-(79/179) and 6830-(81/65) | 32 |
4421-(74/132), see 1289-(62/1) | |
4720-(75/114) | 38 |
4773-05/136), as amended by 5694-(78/35) | 371 |
4913-(75/207), see 2772-(69/47) | |
5069-(76/72) | 343 |
5127-(76/91) | 96 |
5220-(76/144) | 36 |
5288-(76/167) | 172 |
5306-(77/2) | 181 |
5331-(77/15) | 180 |
5371-(77/51) | 339 |
5387-(77/61) | 176 |
5392-(77/63) | 9 |
5488-(77/116) | 181 |
5508-(77/127) | 38, 339 |
5509-(77/127) | 187 |
5563-(77/150)TR | 352 |
5590-(77/163) | 130 |
5591-(77/163) | 338 |
5597-(77/171) | 99 |
5694-(78/35), see 4773-(75/136) | |
5702-(78/39)G/S, as amended by 7096-(82/57)G/S | 126 |
5703-(78/39), as amended by 6862-(81/81) | 121 |
5704-(78/39) | 117 |
5706-(78/39) | 71 |
5709-(78/41)TR | 354 |
5712-(78/41) | 8 |
5719-(78/46) | 342 |
5792-(78/79), see 1289-(62/1) | |
5809-(78/88) | 123 |
5832-(78/95)TR | 355 |
5956-(78/180)S | 316 |
5972-(78/189) | 353 |
5973-(78/189)TR | 353 |
6000-(79/1)S, as amended by 6438-(80/37)S | 317 |
6001-(79/1)S | 318 |
6006-(79/3) | 195 |
6008-(79/3) | 196 |
6026-(79/13) | 14 |
6053-(79/34)S, as amended by 6438-(80/37)S | 320 |
6054-(79/34)S, as amended by 6438-(80/37)S | 322 |
6056-(79/38) | 26 |
6163-(79/96) | 196 |
6172-(79/101) | 119 |
6201-(79/121)TR | 355 |
6202-(79/121)TR | 356 |
6209-(79/124)S | 329 |
6224-(79/135), as amended by 7602-(84/3) | 82 |
6230-(79/140) | 29 |
6241-(79/144), see 1289-(62/1) | |
6266-(79/156) | 4 |
6273-(79/158)G/S | 104 |
6274-(79/158) | 105 |
6275-(79/158)G/S | 107 |
6336-(79/178)S | 324 |
6337-(79/178)S | 326 |
6339-(79/179), see 4377-(74/114) | |
6352-((79/183) | 108 |
6358-(79/188)TR | 357 |
6368-(79/191)S | 316 |
6437-(80/37)S | 327 |
6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S | |
6445-(80/43) | 44 |
6466-(80/68)TR | 356 |
6467-(80/71)S | 311 |
6484-(80/77)S | 313 |
6485-(80/77)S | 315 |
6486-(80/77)S | 314 |
6487-(80/77)S | 314 |
6488-(80/77)S | 314 |
6489-(80/77)S | 314 |
6540-(80/98)TR | 359 |
6609-(80/126)S | 314 |
6631-(80/145)G/S | 307 |
6663-(80/160)S | 116 |
6676-(80/168)TR | 357 |
6683-(80/185)G/TR | 362 |
6693-(80/177) | 45 |
6704-(80/185)TR | 360 |
6709-(80/189)S | 310 |
6718-(81/1)S | 314 |
6725-(81/5) | 45 |
6772-(81/35)G/S | 110 |
6774-(81/35) | 112 |
6783-(81/40) | 46, 340 |
6790-(81/43) | 295 |
6793-(81/45) | 362 |
6830-(81/65), see also 4377-(74/114) | 72, 340 |
6831-(81/65), as amended by 7059-(82/23) | 124 |
6832-(81/65)S | 333 |
6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26) | 61 |
6843-(81/75) | 198 |
6844-(81/75) | 269 |
6845-(81/75) | 270 |
6854-(81/78)SBS | 369 |
6860-(81/81), as amended by 7602-(84/3) and 7967-(85/69) | 88 |
6862-(81/81), see 5703-(78/39) | |
6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112) | 242 |
6864-(81/81) | 245 |
6870-(81/83), see 6863-(81/81) | |
6908-(81/101)S | 314 |
6925-(81/112), see 6863-(81/81) | |
7040-(82/7), as amended by 7589-(83/181) | 271 |
7041-(82/8)G/S | 334 |
7047-(82/13) | 72 |
7048-(82/13) | 74 |
7059-(82/23), see 6831-(81/65) | |
7060-(82/23) | 341 |
7064-(82/26)S | 315 |
7086-(82/42)S | 315 |
7096-(82/57)G/S, see 5702-(78/39)G/S | |
7116-(82/68)S | 335 |
7142-(82/85)TR | 358 |
7188-(82/114) | 227 |
7229-(82/136)S | 315 |
7246-(82/147) | 102 |
7247-(82/147) | 97 |
7337-(83/37), see 1289-(62/1) | |
7403-(83/73) | 182 |
7420-(83/82) | 374 |
7427-(83/83) | 17 |
7484-(83/117) | 374 |
7490-(83/105) | 93 |
7528-(83/140) | 87 |
7558-(83/156) | 36 |
7582-(83/174)S | 315 |
7589-(83/181) | 271 |
7599-(84/3), as amended by 7841-(84/165) and 8147-(85/177) | 49 |
7600-(84/3), as amended by 7841-(84/165) and 8147-(85/177) | 50 |
7601-(84/3) | 51 |
7602-(84/3) | 83, 91, 92, 93, 94 |
7626-(84/23)S | 111 |
7628-(84/25) | 165 |
7629-(84/25) | 166 |
7645-(84/40) | 15 |
7646-(84/40) | 16 |
7677-(84/64) | 228, 254 |
7688-(84/70), see 6838-(81/70) | |
7704-(84/78) | 125 |
7707-(84/79)S | 315 |
7754-(84/108)SBS | 370 |
7841-(84/165), see 7599-(84/3) and 7600-(84/3) | |
7842-(84/165) | 77 |
7857-(84/175) | 37 |
7908-(85/26) | 75 |
7925-(85/38) | 80 |
7930-(85/41) | 127 |
7931-(85/41) | 305 |
7939-(85/49) | 16 |
7941-(85/50)S | 111 |
7955-(85/60) | 266 |
7967-(85/69), see 6860-(81/81) | |
7989-(85/81)SBS | 369 |
7990-(85/81) | 132 |
7999-(85/90) | 305 |
8029-(85/105) | 132 |
8037-(85/110)SBS | 371 |
8147-(85/177), see 7599-(84/3) and 7600-(84/3) | |
8160-(85/186)GS | 309 |
8165-(85/189)G/TR | 127, 358 |
8184-(86/9)SBS | 369 |
8185-(86/9)SBS/S | 370 |
8186-(86/9)SBS/S | 327 |
8192-(86/13) | 37 |
8222-(86/45) | 19 |
8237-(86/56)SAF | 132 |
8238-(86/56)SAF | 133 |
8239-(86/56)SAF | 328 |
8240-(86/56)SAF | 137 |
8241-(86/56)SAF | 138 |
8248-(86/60) | 16 |
8249-(86/60) | 17 |
8265-(86/70)S | 112 |
8271-(86/74) | 129 |
Interpretations Under Article XXIX(a)
Interpretation of Articles of Agreement (71-2)
Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446-4)
Interpretation of Article IX, Section 7 (534-3)
Interpretation of Article XII, Sections 3(b)(i) and 3(f) (2-1)
Interpretation of Article XXVI, Section 2* (343-(54/47))