Document ID: chunk:federal_register_of_legislation:C2010A00058:schedule:4:p15
Version: federal_register_of_legislation:C2010A00058
Segment Type: schedule
Provision Reference: sch 4 (pt 15/22)
Character Range: 40149–46751

to in paragraph 23 of the General Arrangements to Borrow.

Paragraph 22. Other Borrowing Arrangements

Nothing in this decision shall preclude the Fund from entering into any other types of borrowing arrangements.

Paragraph 23. Transitional Arrangements for Amendments Adopted Pursuant to Decision No. 14577‑(10/35), adopted on April 12, 2010

At the request of a participant that holds claims, either in the form of loans or notes, on the Fund under bilateral borrowing agreements entered into by the Fund prior to the effectiveness of the amendments to this decision set forth in Decision No. 14577‑(10/35), adopted on April 12, 2010, the Managing Director shall make calls under the credit arrangement of such a participant to fund the repayment of such claims. Similarly, at the request of the relevant participant, calls shall be made on a participant that is a participating institution for the repayment of such claims held by the member of which it is an official institution or by the central bank or other fiscal agency designated by the member, or on a participant that is a member for the repayment of such claims held by the central bank or other fiscal agency designated by the member. Notwithstanding paragraph 11(a), the maturity date of claims under credit arrangements arising from such calls shall be the maturity date of the bilateral borrowing agreement claim for whose repayment the call was made.

Paragraph 24. Delay in Drawings

No drawings shall be made under this decision until participants representing at least 70 percent of the total credit arrangements of new participants listed in Annex I have adhered to this decision in accordance with paragraph 3(c).

Annex I
Participants and Amount of Credit Arrangements 1/
(in Millions of Special Drawing Rights)

                                                                          Current Credit Arrangements      New Credit Arrangements

Current Participants

Australia                                                            801.29                            4,370.41
Austria                                                              407.57                            3,579.24
Banco Central de Chile                                               340.00                            1,360.00
Belgium                                                              956.60                            7,861.85
Canada                                                               1,380.99                          7,624.43
Danmarks Nationalbank                                                367.01                            3,207.78
Deutsche Bundesbank                                                  3,518.75                          25,370.81
Finland                                                              340.00                            2,231.76
France                                                               2,549.29                          18,657.38
Hong Kong Monetary Authority                                         340.00                            340.00
Italy                                                                1,752.95                          13,578.03
Japan                                                                3,518.75                          65,953.20
Korea                                                                340.00                            6,583.44
Kuwait                                                               341.29                            341.29
Luxembourg                                                           340.00                            970.59
Malaysia                                                             340.00                            340.00
Netherlands                                                          1,301.85                          9,043.72
Norway                                                               378.88                            3,870.94
Saudi Arabia                                                         1,760.86                          11,126.03
Singapore                                                            340.00                            1,276.52
Spain                                                                664.77                            6,702.18
Sveriges Riksbank                                                    849.76                            4,439.74
Swiss National Bank                                                  1,540.26                          10,905.42
Thailand                                                             340.00                            340.00
United Kingdom                                                       2,549.29                          18,657.38
United States                                                        6,639.83                          69,074.27

New Participants

Bank of Israel                                                                                         500.00
Brazil                                                                                                 8,740.82
China                                                                                                  31,217.22
Cyprus                                                                                                 340.00
Greece                                                                                                 1,654.51
India                                                                                                  8,740.82
Ireland                                                                                                1,885.52
Mexico                                                                                                 4,994.76
New Zealand                                                                                            624.34
Philippines                                                                                            340.00
Portugal                                                                                               1,542.13
Russian Federation                                                                                     8,740.82
South Africa                                                                                           340.00
Total                                                                                                  367,467.36
1/ Credit arrangements are subject to a minimum of SDR 340 million.

Annex II
General Terms and Conditions for Notes Issued by the International Monetary Fund under the