Repurchase Expectations Policy before 2009
|Repayment period (in years)|
|Facility||Expectations basis||Obligation basis1,2|
|SLF||n.a.||3, 6, or 9 months|
For the credit tranches and the EFF, a member whose external position has not improved sufficiently to meet the expectations schedule without undue hardship or risk could request an extension.
For the SRF, extensions provided if: (1) the member is unable to meet the repurchase expectation without undue hardship; and (2) the member is taking actions to strengthen its balanceof payments.