Selected Decisions Supplement (13th Ed)
Chapter

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

Author(s):
International Monetary Fund
Published Date:
April 1988
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Exclusion of Purchases and Holdings Under Compensatory Financing of Export Fluctuations

I.* …………………………………………………………………………………………………………

II. Pursuant to Article XIX(j)** the Fund decides that purchases and holdings under policies on the use of the Fund’s resources for compensatory financing of export fluctuations shall be excluded for the purposes of the definition of gold tranche purchases in that provision.

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Decision No. 2836-(69/87)

September 15, 1969

Exclusion of Purchases and Holdings Under Compensatory Financing of Fluctuations in the Cost of Cereal Imports

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11. Purchases under this Decision and holdings resulting from such purchases shall be excluded pursuant to Article XXX(c) for the purpose of the definition of “reserve tranche purchase.” For the purpose of applying the Fund’s policies on the use of its resources, holdings resulting from the use of the Fund’s resources under the policy set forth in this Decision shall be considered to be separate from the holdings resulting from the use of the Fund’s resources under any other policy, except the policy set forth in Decision No. 6224.

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Decision No. 6860-(81/81),

May 13, 1981, as amended by

Decisions Nos. 7602-(84/3),

January 6, 1984, and

7967-(85/69), May 3, 1985

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 Under Oil Facility for Purpose of Definition of “Reserve Tranche Purchase”

With effect on the date of the Second Amendment of the Articles of Agreement, the Fund’s holdings of currencies acquired in purchases under Executive Board Decision No. 4241-(74/67), June 13, 1974 and Executive Board Decision No. 4634-(75/47), April 4, 1975, shall be excluded pursuant to Article XXX(c)(iii) for the purpose of the definition of “reserve tranche purchase.”

Decision No. 5371-(77/51)

April 8, 1977, effective April 1, 1977

Exclusion of Purchases Under Supplementary Financing Facility

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9. The Fund will apply its credit tranche policies as if the Fund’s holdings of a member’s currency did not include holdings resulting from purchases outstanding under this decision that have been made with supplementary financing. After the effective date of the Second Amendment of the Articles of Agreement purchases under this decision and holdings resulting from purchases outstanding under this decision will be excluded under Article XXX(c).

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Decision No. 5508-(77/127)

August 29, 1977

Exclusion of Credit Tranches and 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.”

2.* ……………………………………………………………………………………………………

3.* ……………………………………………………………………………………………………

4.* ……………………………………………………………………………………………………

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

Decision No. 6830-(81/65)

April 22, 1981, effective May 1, 1981

Exclusion of Purchases Under Policy on Enlarged Access with Borrowed Resources

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12. The Fund will apply its credit tranche policies as if the Fund’s holdings of a member’s currency did not include holdings resulting from purchases under this decision that have been made with borrowed resources. Purchases under this decision with borrowed resources and holdings resulting from these purchases will be excluded under Article XXX(c).

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Decision No. 6783-(81/40)

March 11, 1981

Balances Held in Administrative Accounts

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

Not included in this volume.

Corresponds to Article XXX (c) (i) of the Articles of Agreement after the Second Amendment.

For these paragraphs, see pages 89–94.

For these paragraphs, see pages 89–94. Dec.

For these paragraphs, see pages 39–45.

For information on paragraphs 2–4, see page 73.

For these paragraphs, see pages 47–50.

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