Term
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| Description |
A member’s reserve tranche position and creditor position under the various borrowing arrangements. A member’s reserve position in the Fund has the characteristics of a reserve asset. A reserve tranche position in the Fund arises from (a) the payment of part of a member’s subscription in reserve assets and (b) the Fund's net use of the member's currency. Normally a member's reserve tranche position is equal to its quota less the adjusted Fund holdings of its currency, less subscriptions receivable, less balances held in the administrative accounts of the Fund to the extent they are not in excess of 0.1 percent of a member's quota, if positive (5). |
| Source |
International Monetary Fund, International Financial Statistics Yearbook (annual) (Washington, D.C.). |
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