Any member can unconditionally borrow the part of its quota which it has contributed in the form of SDRs or foreign currency. When it can borrow upto 100% of its quota in four futher tranches it is called credit tranches. (Tranche means a ‘slice’)
FYBMS, SYBMS, TYBMS and beyond BMS
Any member can unconditionally borrow the part of its quota which it has contributed in the form of SDRs or foreign currency. When it can borrow upto 100% of its quota in four futher tranches it is called credit tranches. (Tranche means a ‘slice’)
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