Goto Section: 3.46 | 3.48 | Table of Contents

FCC 3.47
Revised as of
Goto Year:1996 | 1998
Sec. 3.47  Use of SDRs.

    An accounting authority must accept accounts presented to it from 
foreign administrations in Special Drawing Rights (SDRs). These SDRs 
must be converted to dollars on the date of receipt by the accounting 
authority and an equivalent amount in US dollars must be paid to the 
foreign administration. The conversion rate will be the applicable rate 
published by the International Monetary Fund (IMF) for the date of 
receipt of the account from the foreign administration. Upon written 
concurrence by the FCC, any accounting authority may make separate 
agreements, in writing, with foreign administrations or their agents for 
alternative settlement methods, provided account is taken of ITU-T 
Recommendation D.195.


Goto Section: 3.46 | 3.48

Goto Year: 1996 | 1998
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