SDR Interest Rate, Rate of Remuneration and Rate of Charge

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SDR Interest Rate, Rate of Remuneration, Rate of Charge and Burden Sharing Adjustments

SDR Interest Rate, Rate of Remuneration and Rate of Charge.
Week Beginning SDR Interest Rate Rate of Remuneration2 Rate of Charge1,2
July 29, 2002 2.25 2.25 2.88
July 22, 2002 2.29 2.29 2.93
July 15, 2002 2.28 2.28 2.92
July 8, 2002 2.33 2.33 2.98
July 1, 2002 2.30 2.30 2.94
June 24, 2002 2.32 2.32 2.97
June 17, 2002 2.31 2.31 2.96
June 10, 2002 2.32 2.32 2.97
June 3, 2002 2.32 2.32 2.97
May 27, 2002 2.31 2.31 2.96
May 20, 2002 2.33 2.33 2.98
May 13, 2002 2.30 2.30 2.94
May 6, 2002 2.30 2.30 2.94
May 1, 2002 2.28 2.28 2.92
1Effective May 1, 2002 the proportion of the basic rate of charge is equal to 128.0 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 may 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 each financial quarter. For the quarter ended April 30, 2002, these adjustments reduced the rate of remuneration by 12 basis points and increase the rate of charge by 11 basis points.