1094-(4)

II SÉRIE-A — NÚMERO 47

3 — (a) Subject to 4 below, if the Federal Republic of Yugoslavia (Serbia/Montenegro) succeeds to the membership in the Fund and the participation in the Special Drawing Rights Department of the former Socialist Federal Republic of Yugoslavia in accordance with the terms and conditions of Executive Board Decision no. 10 237-(92/150), adopted December 14, 1992, it shall receive an allocation of special drawing rights in an amount calculated in accordance with (b) below on the 30th day following the later of: (i) the date on which the Federal Republic of Yugoslavia (Serbia/Montenegro) succeeds to membership in the Fund and participation in the Special Drawing Rights Department in accordance with.the terms and conditions of Executive Board Decision no. 10237-(92/150), or (ii) the effective date of the Fourth Amendment of this Agreement.

(b) For the purposes of (a) above, the Federal Republic of Yugoslavia (Serbia-Montenegro) shall receive an amount of special drawing rights that will result in its net cumulative allocation being equal to 29.315788813 per cent of the quota proposed to it under paragraph 3 — (c) of Executive Board Decision no. 10 237-(92/ 150), as adjusted in accordance with 2 — (b) (ii) and (c) above as of the date on which the Federal Republic, of Yugoslavia (Serbia/Montenegro) qualifies for an allocation under (a) above.

4 — The Fund shall not allocate special drawing rights under this schedule to those participants that have notified the Fund in writing prior to the date of the allocation of their desire not to receive the allocation.

5 — (a) If, at the time an allocation is made to a participant under 1, 2 ou 3 above, the participant has overdue obligations to the Fund, the special drawing rights so allocated shall be deposited and held in an escrow account within the Special Drawing Rights Department and shall be released to the participant upon discharge of all its overdue obligations to the Fund.

(b) Special drawing rights being held in an escrow account shall not be available for any use and shall not be included in any calculations of allocations or holdings of special drawing rights for the purposes of the articles, except for calculations under this schedule. If special drawing rights allocated to a participant are held in an escrow account when the participant terminates its participation in the Special Drawing Rights Department or when it is decided to liquidate the Special Drawing Rights Department, such special drawing rights shall be canceled.

(c) For purposes of this paragraph, overdue obligations to the Fund consist of overdue repurchases and charges in the general resources account, overdue principal and interest on loans in the special disbursement account, overdue charges and assessments in the Special Drawing Rights Department, and overdue liabilities to the Fund as trustee.

(d) Except for the provisions of this paragraph, the principle of separation between the General Department and the Special Drawing Rights Department and the unconditional character of special drawing rights as reserve assets shall be maintained.

DIÁRIO

da Assembleia da República

Depósito legal n." 8819/85

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