|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||October 26, 1998||3.60||3.60||3.85||October 19, 1998||3.44||3.44||3.68||October 12, 1998||3.57||3.57||3.82||October 5, 1998||3.78||3.78||4.04||September 28, 1998||3.90||3.90||4.17||September 21, 1998||3.95||3.95||4.23||September 14, 1998||4.05||4.05||4.33||September 7, 1998||4.13||4.13||4.42||August 31, 1998||4.18||4.18||4.47||August 24, 1998||4.25||4.25||4.55||August 17, 1998||4.26||4.26||4.56||August 10, 1998||4.24||4.24||4.54||August 3, 1998||4.30||4.30||4.60||July 27, 1998||4.28||4.28||4.58|
|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 July 31, 1998, these adjustments reduced the rate of remuneration by 17 basis points and increased the rate of charge by 15 basis points.