|
SDR Interest Rate, Rate of Remuneration and Rate of Charge. |
| Week Beginning |
SDR Interest Rate |
Rate of Remuneration2 |
Rate of Charge1,2 |
July 26, 1999 |
3.32 |
3.32 |
3.77 |
July 19, 1999 |
3.34 |
3.34 |
3.80 |
July 12, 1999 |
3.35 |
3.35 |
3.81 |
July 5, 1999 |
3.34 |
3.34 |
3.80 |
June 28, 1999 |
3.39 |
3.39 |
3.85 |
June 21, 1999 |
3.34 |
3.34 |
3.80 |
June 14, 1999 |
3.35 |
3.35 |
3.81 |
June 7, 1999 |
3.31 |
3.31 |
3.76 |
May 31, 1999 |
3.34 |
3.34 |
3.80 |
May 24, 1999 |
3.33 |
3.33 |
3.79 |
May 17, 1999 |
3.34 |
3.34 |
3.80 |
May 10, 1999 |
3.32 |
3.32 |
3.77 |
May 3, 1999 |
3.29 |
3.29 |
3.74 |
May 1, 1999 |
3.24 |
3.24 |
3.68 |
1Effective May 1, 1999 the proportion of
the basic rate of charge is equal to 113.7 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, 1999, these adjustments reduced the rate
of remuneration by 13 basis points and increased the rate of charge by 13 basis points.
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