Document ID: chunk:federal_register_of_legislation:C1968A00130:body:0:p17
Version: federal_register_of_legislation:C1968A00130
Segment Type: other
Provision Reference: 
Character Range: 40056–42838

allocations or cancellations of special drawing rights during the year.
(b) The Fund shall accept special drawing rights:
       (i) in repurchases accruing in special drawing rights under Article V, Section 7 (b); and
       (ii) in reimbursement pursuant to Article XXVI, Section 4.
(c) The Fund may accept special drawing rights to the extent it may decide:
       (i) in payment of charges; and
       (ii) in repurchases other than those under Article V, Section 7 (b), in proportions which, as far as feasible, shall be the same for all members.
(d) The Fund, if it deems such action appropriate to replenish its holdings of a participant's currency and after consultation with that participant on alternative ways of replenishment under Article VII, Section 2, may require that participant to provide its currency for special drawing rights held in the General Account subject to Section 4 of this Article. In replenishing with special drawing rights, the Fund shall pay due regard to the principles of designation under Section 5 of this Article.
(e) To the extent that a participant may receive special drawing rights in a transaction prescribed by the Fund to promote reconstitution by it under Section 6 (a) of this Article, prevent or reduce a negative balance, or offset the effect of a failure by it to fulfill the expectation in Section 3 (a) of this Article, the Fund may provide the participant with special drawing rights held in the General Account for gold or currency acceptable to the Fund.
(f) In any of the other operations and transactions of the Fund with a participant conducted through the General Account the Fund may use special drawing rights by agreement with the participant.
(g) The Fund may levy reasonable charges uniform for all participants in connection with operations and transactions under this Section.
Section 8. Exchange rates
(a) The exchange rates for operations or transactions between participants shall be such that a participant using special drawing rights shall receive the same value whatever currencies might be provided and whichever participants provide those currencies, and the Fund shall adopt regulations to give effect to this principle.
(b) The Fund shall consult a participant on the procedure for determining rates of exchange for its currency.
(c) For the purpose of this provision the term participant includes a terminating participant.

Article XXVI
SPECIAL DRAWING ACCOUNT INTEREST AND CHARGES
Section 1. Interest
Interest at the same rate for all holders shall be paid by the Fund to each holder on the amount of its holdings of special drawing rights. The Fund shall pay the amount due to each holder whether or not sufficient charges are received to meet the payment of interest.
Section 2. Charges
Charges at