Use of SDRs in Donations 6437-(80/37) S

Prepared by the Legal Department of the IMF

Page number references in the text are to the Forty-Third issue hard copy volume.

ARTICLE XIX, SECTION 2

Special Drawing Rights: Additional Uses

Use of SDRs in Donations

In accordance with Article XIX, Section 2(c), the Fund prescribes that:

1. A participant, by agreement with another participant, may donate SDRs to the other participant.
2. Participants intending to donate or receive SDRs pursuant to this prescription shall inform the Fund of the amount of SDRs and the value date for the transfer.
3. As required by Rule P-7 the parties to an operation pursuant to this prescription shall declare that the intended use of SDRs will be in accordance with this prescription.
4. Transfers of SDRs pursuant to this prescription shall be made only upon the receipt by the Fund of instructions from the transferor and the transferee.
5. The Fund shall record operations pursuant to this prescription in accordance with Rule P-9.

Decision No. 6437-(80/37) S,

March 5, 1980

Selected Decisions and Selected Documents of the IMF, Forty-Third Issue