Rates Query Output
for
September 25, 2016



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Effective PeriodFinancial QuarterSDR Interest RateRate Of Remuneration 1Rate of Charge 1Quarterly Average SDR Interest Rate 2, 5Quarterly Average Rate of Remuneration 1, 2, 5Quarterly Average Rate of Charge 1, 2, 5
FromToBasic RateAdjustment for Deferred Charges 3Adjustment for SCA-1 3Adjusted Rate of RemunerationBasic Rate4Adjustment for Deferred Charges 3Adjustment for SCA-1 3Adjusted Rate of ChargeBasic RateAdjustment for Deferred Charges 3Adjustment for SCA-1 3Adjusted Rate of RemunerationBasic Rate4Adjustment for Deferred Charges 3Adjustment for SCA-1 3Adjusted Rate of Charge
September 19, 2016September 25, 2016Q2 FY170.0500.0500.0040.0000.0461.0500.0000.0001.0500.0500.0500.0040.0000.0461.0500.0000.0001.050

Footnotes
1 The rate of remuneration and the rate of charge are adjusted for the financial consequences of protracted arrears under the burden sharing mechanism. The adjustments for the current quarter are estimates only and are finalized after the end of the financial quarter (July 31, October 31, January 31 and April 30).
2 The average rates in the current quarter are recalculated weekly and reflect the latest estimates of the burden sharing adjustments to the rate of charge and remuneration for the quarter.
3 The adjustments for Deferred Charges, for SCA-1, and for SCA-2 constitute the Burden Sharing mechanism which is used by the IMF to compensate for income lost due to unpaid charges and to build up precautionary balances through contributions to the Special Contingent Accounts (SCAs). The mechanism works by providing for deductions and additions to the rates of remuneration and charge, respectively. Initially introduced in 1986, the adjustments for deferred charges collect resources from debtors and lenders to cover unpaid charges of members in arrears. Also introduced in 1986, the adjustments for SCA-1 protects the IMF against potential losses from members’ ultimate failure to settle overdue repurchase obligations. Finally, the adjustments to SCA-2 were designed to safeguard the IMF against the risk of loss associated with the encashment rights and it was formally abolished in 2000. As a result, SCA-2 data is shown as N/A starting on January 3, 2000.
4 The basic rates of charge presented in the Rates Query from May 1, 1995 to April 30, 2003 are the effective rates following the retroactive reductions that were implemented after the end of each of those financial years. The basic rate of charge before the retroactive reduction for the financial years 1996, 1997, 1998, 1999, 2000, 2001, 2002 and 2003 were set as 102.5%, 109.4%, 109.6%, 107%, 113.7%, 115.9%, 117.6% and 128% of the SDR interest rate, respectively.
5 Quarterly average rates are not available for periods prior to August 1, 1983.
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