Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Supplementary Financing Facility: Subsidy Account—Means of Subsidy Payments

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

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GENERAL
Subsidy Account

SUPPLEMENTARY FINANCING FACILITY: SUBSIDY ACCOUNT—MEANS OF SUBSIDY PAYMENTS

Subsidy payments made after the effective date of this Decision with respect to charges paid on holdings of currency referred to in Section 7 of the Instrument establishing the SFF Subsidy Account may be made, at the discretion of the Fund, in SDRs to beneficiaries agreeing to receive them, or in U.S. dollars, or in a combination of these two assets. Subsidy payments in U.S. dollars shall be made on the basis of the SDR/U.S. dollar exchange rate in effect three business days before the payment date.

Decision No. 8185-(86/9) SBS/S,

January 15, 1986

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