Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Use of SDRs in Financial Operations Under the PRGF-HIPC Trustor Under an Administered Account

Prepared by the Legal Department of the IMF
As updated as of February 29, 2016

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ARTICLE XVII, SECTION 3
Special Drawing Rights: Other Holders

USE OF SDRS IN FINANCIAL OPERATIONS UNDER THE PRGF-HIPC TRUSTOR UNDER AN ADMINISTERED ACCOUNT

In accordance with Article XVII, Section 3, the Fund prescribes that (i) a participant or a prescribed holder, by agreement with a participant or a prescribed holder and at the instruction of the Fund, may transfer SDRs to that participant or prescribed holder in effecting a transfer to or from the Post-SCA-2 Administered Account or in effecting a payment due to or by the Fund in connection with financial operations under the PRGF-HIPC Trust or under an administered account established for the benefit of the PRGF-HIPC Trust; (ii) operations pursuant to these prescriptions shall be recorded in accordance with Rule P-9. (EBS/99/215, 11/29/99)

Decision No. 12062-(99/130),

December 8, 1999

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