A.—B

(xii) Where official clearing arrangements exist, details of amounts awaiting clearance in respect of commercial and financial transactions, and of the length of time during which such arrears have been outstanding. (b) In requesting information the Fund shall take into consideration the varying ability of members to furnish the data requested. Members shall be under no obligation to furnish information in such detail tha-tl the affairs of individuals or corporations are disclosed. Members undertake, however, to furnish the desired information in as detailed and accurate a manner as is practicable, and, so far as possible, to avoid mere estimates. (c) The Fund may arrange to obtain further information by agreement with members. It shall act as a centre for the collection and exchange of information on monetary and financial problems, thus facilitating the preparation of studies designed to assist members in developing policies which further the purposes of the Fund. Section 6.—Consultation between Members regarding Existing International Agreements Where under this Agreement a member is authorized in the special or temporary circumstances specified in the Agreement to maintain or establish restrictions on exchange transactions, and there are other engagements between members entered into prior to this Agreement which conflict with the application of such restrictions, the parties to such engagements will consult with one another with a view to making such mutually acceptable adjustments as may be necessary. The provisions of this Article shall lie without prejudice to the operations of Article VII, Section 5. ARTICLE IX—STATUS, IMMUNITIES AND PRIVILEGES Section 1. —Purposes of Article To enable the Fund to fulfil the functions with which it is entrusted, the status, immunities, and privileges set forth in this Article shall be accorded to the Fund in the territories of each member. Section 2.—Status of the Fund The Fund shall possess full judicial personality, and, in particular, the capacity— (i) To contract: (ii) To acquire and dispose of immovable and movable property:* (iii) To institute legal proceedings. Section 3.—lmmunity from Judicial Process The Fund, its property, and its assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that it expressly waives its immunity for the purpose of any proceedings or by the terms of any contract. Section 4.—lmmunity from other Action Property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation, or any other form of seizure by executive or legislative action. Section 5.-—lmmunity of Archives The archives of the Fund shall be inviolable. Section 6.—Freedom of Assets from Restrictions To the extent necessary to carry out the operations provided for in this Agreement, all property and assets of the Fund shall be free from restrictions, regulations, controls, and moratoria of any nature. Section 7. —Privilege for Communications The official communications of the Fund shall be accorded by members the same treatment as the official communications of other members. Section B—lmmunities and Privileges of Officers and Employees All governors, executive directors, alternates, officers, and employees of the Fund— (i) Shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives this immunity: (ii) Not being local nationals, shall be granted the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions as are accorded by members to the representatives, officials, and employees of comparable rank of other members. (iii) Shall be granted the same treatment in respect of travelling facilities as is accorded by members to representatives, officials, and employees of comparable rank of other members.

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