FCC 3.47 Revised as of October 1, 2006
Goto Year:2005 |
2007
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.
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