Selected Decisions and Selected Documents of the International Monetary Fund
Chapter

Article XXX(c) Calculation of Reserve Tranche: Exclusion of Purchases and Holdings

Author(s):
International Monetary Fund
Published Date:
April 2004
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Exclusion of Purchases and Holdings Under Compensatory Financing Facility

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2. Purchases under this decision and holdings resulting from such purchases shall be excluded for the purposes of the definition of “reserve tranche purchase” pursuant to Article XXX(c).2

Decision No. 8955-(88/126)

August 23, 1988

as amended

Exclusion of Purchases and Holdings Under Buffer Stock Facility

With effect from the date of the Second Amendment of the Fund’s Articles, purchases after that date under the Buffer Stock Facility (Decision No. 2772-(69/47), June 25, 1969, as amended), and holdings resulting from all purchases under the Facility, shall be excluded pursuant to Article XXX(c)(ii) for the purpose of the definition of “reserve tranche purchase.”

Decision No. 5591-(77/163)

December 5, 1977

Exclusion of Purchases in the Credit Tranchesand Under Extended Facility

1. Purchases in the credit tranches or under extended arrangements (Decision No. 4377-(74/114), September 13, 1974, as amended), and holdings resulting from such purchases, shall be excluded pursuant to Article XXX(c)(iii) for the purpose of the definition of “reserve tranche purchase.”

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5. The Fund will review this decision before April 30, 1984.

Decision No. 6830-(81/65), April 22, 1981,

effective May 1, 1981

Balances Held in Administrative Account

The balances held in the administrative accounts of the Fund, to the extent that they are not in excess of 0.1 percent of a member’s quota, shall not be considered as part of the Fund’s holdings of a member’s currency for the purpose of determining a member’s reserve tranche position in the Fund and for the calculation of holdings for the purposes of charges (Article V, Section 8(b)(ii)); remuneration (Article V, Section 9(a)); and the determination of a member’s entitlement to appoint an Executive Director (Article XII, Section 3(c)).

Decision No. 7060-(82/23)

February 22, 1982

Exclusion of Purchases and Holdings Under Systemic Transformation Facility

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6. Purchases under this Decision and holdings resulting from such purchases shall be excluded for the purposes of the definition of “reserve tranche purchase” pursuant to Article XXX(c).

Decision No. 10348-(93/61)STF

April 23, 1993

Exclusion of Purchases and Holdings Under Supplemental Reserve Facility

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7. Purchases under this Decision and holdings resulting from such purchases shall be excluded for the purposes of the definition of reserve tranche purchase pursuant to Article XXX(c).

Decision No. 11627-(97/123) SRF

December 17, 1997,

as amended by Decision No. 11866-(99/1) SRF,

December 22, 1998

See text of full decision on pages 335–44.

See page 335.

For paragraphs 3–4, see page 268.

See text of full decision on pages 365–69.

See text of full decision on pages 348–54.

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