Common use of Purposes and Amounts Clause in Contracts

Purposes and Amounts. (a) To enhance the resources available on a temporary basis to the International Monetary Fund (the “Fund”) for crisis prevention and resolution through bilateral borrowing, the Swiss National Bank (the “SNB”) agrees to lend to the Fund an SDR-denominated amount up to the equivalent of CHF 8.5 billion, on the terms and conditions set out below. (b) This agreement is based on Article VII, Section 1(i) of the Fund’s Articles of Agreement, which authorizes the Fund to borrow from Fund members or other sources if it deems such action appropriate to replenish its holdings of any member’s currency in the General Resources Account (“GRA”). This agreement must be considered in light of the Guidelines for Borrowing by the Fund (the “Borrowing Guidelines”), which make clear that quota subscriptions are and should remain the basic source of Fund financing, and that the role of borrowing is to provide a temporary supplement to quota

Purposes and Amounts. (a) To enhance the resources available on a temporary basis to the International Monetary Fund (the “Fund”) for crisis prevention and resolution through bilateral borrowing, the Swiss National Bank Oesterreichische Nationalbank (the “SNBOeNB”) agrees to lend to the Fund an SDR-denominated amount up to the equivalent of CHF 8.5 EUR 6.13 billion, on the terms and conditions set out below. (b) This agreement is based on Article VII, Section 1(i) of the Fund’s Articles of Agreement, which authorizes the Fund to borrow from Fund members or other sources if it deems such action appropriate to replenish its holdings of any member’s currency in the General Resources Account (“GRA”). This agreement must be considered in light of the Guidelines for Borrowing by the Fund (the “Borrowing Guidelines”), which make clear that quota subscriptions are and should remain the basic source of Fund financing, and that the role of borrowing is to provide a temporary supplement to quota

Purposes and Amounts. (a) To enhance the resources available on a temporary basis to the International Monetary Fund (the “Fund”) for crisis prevention and resolution through bilateral borrowing, the Swiss National Bank Government of Luxembourg (the “SNBLuxembourg”) agrees to lend to the Fund an SDR-SDR- denominated amount up to the equivalent of CHF 8.5 EUR 2.06 billion, on the terms and conditions set out below. (b) This agreement is based on Article VII, Section 1(i) of the Fund’s Articles of Agreement, which authorizes the Fund to borrow from Fund members or other sources if it deems such action appropriate to replenish its holdings of any member’s currency in the General Resources Account (“GRA”). This agreement must be considered in light of the Guidelines for Borrowing by the Fund (the “Borrowing Guidelines”), which make clear that quota subscriptions are and should remain the basic source of Fund financing, and that the role of borrowing is to provide a temporary supplement to quota

Purposes and Amounts. (a) To enhance the resources available on a temporary basis to the International Monetary Fund (the “Fund”) for crisis prevention and resolution through bilateral borrowing, the Swiss National Central Bank of Malta (the “SNBCBM”) agrees to lend to the Fund an SDR-denominated amount up to the equivalent of CHF 8.5 EUR 0.26 billion, on the terms and conditions set out below. (b) This agreement is based on Article VII, Section 1(i) of the Fund’s Articles of Agreement, which authorizes the Fund to borrow from Fund members or other sources if it deems such action appropriate to replenish its holdings of any member’s currency in the General Resources Account (“GRA”). This agreement must be considered in light of the Guidelines for Borrowing by the Fund (the “Borrowing Guidelines”), which make clear that quota subscriptions are and should remain the basic source of Fund financing, and that the role of borrowing is to provide a temporary supplement to quota

Purposes and Amounts. (a) To enhance the resources available on a temporary basis to the International Monetary Fund (the “Fund”) for crisis prevention and resolution through bilateral borrowing, the Swiss National Central Bank of the Russian Federation (the “SNB”Bank of Russia) agrees to lend to the Fund an SDR-denominated amount up to the equivalent of CHF 8.5 US$10 billion, on the terms and conditions set out below. (b) This agreement is based on Article VII, Section 1(i) of the Fund’s Articles of Agreement, which authorizes the Fund to borrow from Fund members or other sources if it deems such action appropriate to replenish its holdings of any member’s currency in the General Resources Account (“GRA”). This agreement must be considered in light of the Guidelines for Borrowing by the Fund (the “Borrowing Guidelines”), which make clear that quota subscriptions are and should remain the basic source of Fund financing, and that the role of borrowing is to provide a temporary supplement to quota