Special Drawing Rights Sample Clauses
The Special Drawing Rights (SDR) clause defines the use of SDRs, an international reserve asset created by the International Monetary Fund, as a reference unit for valuing payments or obligations in a contract. In practice, this means that amounts owed or payable under the agreement are calculated based on the value of SDRs, which can help stabilize the value of payments against currency fluctuations. The core function of this clause is to provide a neutral and stable benchmark for financial calculations, reducing the risk of volatility associated with any single national currency.
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Special Drawing Rights. Special Drawing Rights allocated to the United States pursuant to article XVIII of the Articles of Agreement of the Fund, and Special Drawing Rights otherwise acquired by the United States, shall be credited to the account of, and administered as part of, the Exchange Stabilization Fund established by section 5302 of title 31.
Special Drawing Rights. (SDR) for every kg, whenever the freight forwarder is:
a. a carrier, as defined by § 407 HGB, b. acting as principal (Spediteur im Selbsteintritt), fixed costs freight forwarder (Fixkostenspediteur) or consolidator (Sammelladungsspediteur), according to §§ 458 to 460 HGB or
c. care, custody and control freight forwarder (Obhutsspediteur) according to Section § 461 Section (1) HGB.
Special Drawing Rights. The President is hereby authorized (a) to ac- cept the amendment to the articles of agree- ment of the International Monetary Fund (here- inafter referred to as the ‘‘Fund’’), attached to the April 1968 report by the Executive Directors to the Board of Governors of the Fund, for the purpose of (i) establishing a facility based on Special Drawing Rights in the Fund and (ii) giv- ing effect to certain modifications in the present rules and practices of the Fund, and (b) to par- ticipate in the special drawing account estab- lished by the amendment. (Pub. L. 90–349, § 2, June 19, 1968, 82 Stat. 188.) Section was not enacted as part of act July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton ▇▇▇▇▇ Agree- ment Act, which comprises this subchapter.
Special Drawing Rights. (SDR) are understood to be the unit of account as defined by the International Monetary Fund.
Special Drawing Rights