We would appreciate your support in formally documenting the accounting treatment applied to the Reserve Tranche Position (RTP) with the International Monetary Fund (IMF), as presented in the financial statements of central banks.
Specifically, we kindly request confirmation and documentation of the recognition, measurement, and presentation of RTP, ensuring alignment with prevailing central bank practices and relevant IMF guidance.
In addition, we would appreciate it if the documentation could clearly outline the accounting entries applicable to each key IMF-related scenario, including but not limited to the following:
- Initial subscription to the IMF quota, distinguishing between:
- The portion settled in reserve assets (e.g. foreign currency or SDRs), and
- The portion settled in domestic currency and recorded as a payable to the IMF.
- Recognition and increase of the Reserve Tranche Position (RTP) resulting from:
- IMF use of the members domestic currency, or
- A reduction in the IMFs holdings of the members currency below the quota level,
including the related reclassification entries within assets.
- Utilization (drawing) of the RTP, including the accounting treatment upon receipt of foreign currency or SDRs and the corresponding reduction of the RTP balance.
- Measurement and valuation considerations, including:
- Denomination in SDRs, and
- Treatment of valuation and exchange differences, if applicable.
- Presentation and disclosure of RTP in the statement of financial position and the accompanying notes, consistent with central bank financial reporting practices.
This documentation will support consistency, transparency, and audit clarity in the application of the RTP accounting treatment.
Please let us know if any additional information is required from our side.
Please see the central banks financial statements and put them as reference or any reference help on that
Requirements: 10
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