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ARTICLE V, SECTIONS 8 AND 9 |
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Charges and Remuneration | ||||
Surcharge on Purchases in Credit Tranches and Under Extended Fund Facility and SLL
Decision Nos. 12346-(00/117), November 28, 2000, as amended by Decision Nos. 14285-(09/29), March 24, 2009, and 15943-(16/14), February 17, 2016, and Decision F in 16747-(20/43), April 14, 2020 ANNEX For purposes of paragraph 2(a)(ii) of Decision No. 14285, the framework for surcharges on purchases in the credit tranches and under the Extended Fund Facility that was in effect from November 28, 2000 until the date of Decision No. 14285 is as follows: “The rate of charge under Article V, Section 8(b) on the Fund’s combined holdings of a member’s currency in excess of 200 percent of the member’s quota in the Fund resulting from purchases in the credit tranches and under the Extended Fund Facility made after November 28, 2000 shall be 100 basis points per annum above the rate of charge referred to in Rule I-6(4) as adjusted for purposes of burden sharing, provided that the rate on such holdings in excess of 300 percent of the member’s quota shall be 200 basis points per annum above the rate of charge referred to in Rule I-6(4) as adjusted for purposes of burden sharing.” (SM/09/69, Sup. 2, 03/24/09) |
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Prepared by the Legal Department of the IMF
Note
- Page number references in the text are to the Forty-Second issue hard copy volume.