SDR Interest Rate, Rate of Remuneration and Rate of Charge

SDR Interest Rate, Rate of Remuneration and Rate of Charge.
Week Beginning	SDR Interest Rate	Rate of Remuneration2	Rate of Charge1,2
April 27, 1998	4.24	4.24	4.54
April 20, 1998	4.24	4.24	4.54
April 13, 1998	4.23	4.23	4.53
April 6, 1998	4.26	4.26	4.56
March 30, 1998	4.30	4.30	4.60
March 23, 1998	4.25	4.25	4.55
March 16, 1998	4.20	4.20	4.49
March 9, 1998	4.22	4.22	4.52
March 2, 1998	4.32	4.32	4.62
February 23, 1998	4.27	4.27	4.57
February 16, 1998	4.26	4.26	4.56
February 9, 1998	4.22	4.22	4.52
February 2, 1998	4.25	4.25	4.55
1Effective May 1, 1998 the proportion of the basic rate of charge is equal to 107 percent of the SDR interest rate. In light of the decision to use any income in excess of the target to reduce retroactively the rate of charge, these rates will be reduced further at the end of the Fund's financial year. 2The rate of remuneration and the rate of charge are further adjusted under the burden sharing mechanism. These adjustments are determined retroactively at the end of financial quarter. For the quarter ended April 30, 1998, these adjustments reduced the rate of remuneration by 15 basis points and increased the rate of charge by 17 basis points.