Document ID: chunk:federal_register_of_legislation:C2012A00139:clause:4_11
Version: federal_register_of_legislation:C2012A00139
Segment Type: clause
Provision Reference: sch 4 cl 11
Character Range: 6923–33275

11  Schedule 4 (Annex I to New Arrangements to Borrow)
Repeal the Annex, substitute:
Annex I

Participants and Amounts of Credit Arrangements
(in Millions of SDRs)1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Current     New2
Current Participants
  Australia                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            4,370.41    2,220.45
  Austria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              3,579.24    1,818.49
  Banco Central de Chile                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               1,360.00    690.97
  Banco de Portugal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1,542.13    783.50
  Bank of Israel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       500.00      340.00
  Belgium                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              7,861.85    3,994.33
  Brazil                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               8,740.82    4,440.91
  Canada                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               7,624.43    3,873.71
  China                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                31,217.22   15,860.38
  Cyprus                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               340.00      340.00
  Danmarks Nationalbank                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                3,207.78    1,629.76
  Deutsche Bundesbank                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  25,370.81   12,890.02
  Finland                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              2,231.76    1,133.88
  France                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               18,657.38   9,479.16
  Hong Kong Monetary Authority                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         340.00      340.00
  India                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                8,740.82    4,440.91
  Italy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                13,578.03   6,898.52
  Japan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                65,953.20   33,508.50
  Korea                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                6,583.44    3,344.82
  Kuwait                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               341.29      341.29
  Luxembourg                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           970.59      493.12
  Malaysia                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             340.00      340.00
  Mexico                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               4,994.76    2,537.66
  National Bank of Poland                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              2,530.00    1,285.40
  Netherlands                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          9,043.72    4,594.80
  New Zealand                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          624.34      340.00
  Norway                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               3,870.94    1,966.69
  Russian Federation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   8,740.82    4,440.91
  Saudi Arabia                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         11,126.03   5,652.74
  Singapore                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            1,276.52    648.55
  South Africa                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         340.00      340.00
  Spain                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                6,702.18    3,405.14
  Sveriges Riksbank                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4,439.74    2,255.68
  Swiss National Bank                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  10,905.42   5,540.66
  Thailand                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             340.00      340.00
  United Kingdom                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       18,657.38   9,479.16
  United States                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        69,074.27   28,202.47

Prospective Participants
  Greece3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              1,654.51    840.60
  Ireland3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             1,885.52    957.97
  Philippines4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         340.00      340.00

Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  369,997.36  182,371.14

1/ Credit arrangements are subject to a minimum of SDR 340 million.

2/ If requested by a participant, the Fund may confirm the new credit arrangement to the participant effective the morning of the business day of the scheduled payment of the quota increase under the Fourteenth General Review of Quotas, on the condition that the quota payment of the relevant member is received later that day. The rollback would be reversed if the quota payment is not received.

3/ Greece and Ireland may continue to adhere to the NAB with the credit arrangements approved in April 2010 (for purposes of this table "current amount") until the effectiveness of their respective quota increases under the Fourteenth General Review, after which they may adhere with the proposed new amount set forth in this table ("new amount"). If these members adhere with their current amount, the credit arrangements would be changed to the new amount on the day their respective quota increases under the Fourteenth General Review of Quotas become effective.

4/ The Philippine authorities have requested a name change in Annex I of the NAB Decision from "Philippines" to "Bangko Sentral ng Pilipinas". Following Executive Board approval of the change and consent of NAB participants (on a non‑objection basis), Annex I of the NAB Decision would be revised accordingly.

[Minister's second reading speech made in—
House of Representatives on 15 August 2012
Senate on 23 August 2012]

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