guidelin european central bank novemb amend guidelin novemb composit valuat modal initi transfer foreign reserv asset denomin remuner equival claim ecb govern council european central bank regard statut european system central bank european central bank hereinaft refer quot statut quot articl thereof articl statut conjunct articl european central bank ecb provid nation central bank ncb member state adopt singl currenc accord treati establish european commun particip ncb foreign reserv asset member state currenc euro imf reserv posit special draw right sdr amount equival eur million articl statut govern council ecb decid proport call ecb establish amount call date articl statut ecb full hold manag foreign reserv transfer purpos set statut articl statut conjunct articl contribut particip ncb fix proport share capit ecb subscrib ncb member state derog articl statut ncb credit ecb claim equival contribut articl statut govern council ecb determin denomin remuner claim articl statut govern council ecb measur applic articl statut articl statut event loss incur ecb shortfal offset gener reserv fund ecb monetari incom relev financi year proport amount alloc particip ncb accord articl statut accord articl statut govern council ecb adopt decis novemb alloc monetari incom nation central bank particip member state loss ecb financi year articl statut govern council ecb measur applic articl statut articl statut conjunct articl decis articl statut vote govern council ecb weight ncb share capit ecb subscrib central bank member state derog accord articl statut ecb guidelin form integr part commun law adopt guidelin articl definit purpos guidelin quot cash quot law currenc unit state dollar japan japanes yen quot foreign reserv asset quot secur gold cash quot gold quot fine troi ounc gold form london good deliveri bar london bullion market associ quot particip member state quot member state adopt singl currenc januari accord treati quot particip ncb quot nation central bank particip member state quot secur quot elig secur financi instrument ecb quot transit period quot period januari decemb articl transfer foreign reserv asset particip ncb particip ncb transfer ecb foreign reserv asset denomin dollar japanes yen gold equival euro amount set appendix guidelin dollar amount japanes yen amount gold amount fine troi ounc equival euro amount set appendix guidelin calcul basi exchang rate ecu dollar japanes yen establish result concert teleconfer procedur brussel time decemb central bank particip procedur case gold basi dollar price gold fine troi ounc establish london gold fix london time decemb amount calcul confirm ecb particip ncb decemb particip ncb transfer ecb portfolio secur cash denomin dollar japanes yen deviat band modifi durat tactic benchmark portfolio ecb conform credit limit ecb settlement date secur cash transfer ecb ecb due particip ncb give instruct transfer ownership secur transfer cash ecb settlement date secur calcul basi price design ecb particip ncb transfer secur cash account ecb particip ncb transfer gold date account locat ecb articl denomin remuner matur claim equival particip ncb contribut ecb credit particip ncb claim denomin euro equival aggreg euro amount particip ncb contribut foreign reserv asset aggreg euro equival valu foreign reserv asset transfer particip ncb set appendix guidelin claim credit ecb particip ncb remuner rate equival margin interest rate escb main refinanc oper calcul interest particip ncb claim effect ecb daili basi actual dai method calcul claim remuner end financi year ecb inform ncb quarterli basi cumul amount claim redeem articl transit regim foreign exchang loss particip ncb waiv claim credit particip ncb ecb extent set paragraph event ecb incur unrealis loss financi year transit period ow declin euro equival ecb foreign reserv asset result sole exchang rate gold price fluctuat provid shortfal offset accord articl statut event unrealis loss refer paragraph shortfal result sole loss relev financi year offset particip ncb waiv part origin claim share loss amount limit set paragraph offset loss accord paragraph place annual basi calcul monetari incom escb financi year waiver particip ncb claim fix proport particip ncb share capit ecb subscrib central bank member state derog maximum cumul waiver particip ncb claim transit period exce origin claim articl final provis guidelin address nation central bank particip member state guidelin publish offici journal european commun frankfurt main novemb amend approv public offici journal european commun novemb behalf govern council ecb presid willem duisenberg page offici journal appendix euro equival amount foreign reserv asset transfer particip ncb member state adopt singl currenc januari gt tabl gt