2009 The Second Supplemental Memorandum of Understanding on the ASEAN Swap Arrangement

Summary Information
Download
Full Title	2009 The Second Supplemental Memorandum of Understanding on the ASEAN Swap Arrangement
Short Title / Abbreviations	ASA 2nd Supplemental MOU (2009)
CIL Subject Classification	ASEAN Documents ASEAN Economic Community Finance
Date of Adoption	17/11/2009
Place of Adoption	Not available
Issued/Adopted by	Heads of Central Banks and Monetary Authorities of ASEAN
Dispute settlement provisions	Refer to Article XVII of the 2005 Memorandum of Understanding on the ASEAN Swap Arrangement “Article XVII: Resolution of Dispute 17.1 Any dispute or problem arising from the implementation of the Arrangement shall be resolved amicably among the participating members through consultations initiated by the Agent Bank.”
Entry Into Force Status	Not In Force
Source	Note: The ASEAN Secretariat Legal Instrument Database lists this instrument as being in force. However, note that the instrument indicates that its validity is only for two years.
Date of Entry into Force	17/11/2009
Date of Termination	17/11/2011
Entry into Force / Termination Provisions	Article 3: “Pursuant to Article XIII and Article XIX of the Principal MOU, the Arrangement is hereby renewed for a period of two (2) years with effect from 17 November 2009.” Article 4: “This Second Supplemental MOU shall be deemed to have come into force on 17 November 2009.”
Status
ASEAN States
Brunei Darussalam	Signature 03/10/2009
Cambodia	Signature 03/10/2009
Indonesia	Signature 03/10/2009
Lao PDR	Signature 03/10/2009
Malaysia	Signature 03/10/2009
Myanmar	Signature 03/10/2009
Philippines	Signature 03/10/2009
Singapore	Signature
Thailand	Signature 03/10/2009
Vietnam	Signature 03/10/2009
Related Instruments
This instrument amends/supersedes	2005 Memorandum of Understanding on the ASEAN Swap Arrangement
Related Instruments	2007 Supplemental Memorandum of Understanding on the ASEAN Swap Arrangement (not available) 2011 The Third Supplemental Memorandum of Understanding on the ASEAN Swap Arrangement (not available) 2013 The Fourth Supplemental Memorandum of Understanding on the ASEAN Swap Arrangement (not available) 2015 The Fifth Supplemental Memorandum of Understanding on the ASEAN Swap Arrangement 2017 The Sixth Supplemental Memorandum of Understanding on the ASEAN Swap Arrangement 1977 Memorandum of Understanding on the ASEAN Swap Arrangements and Supplementary Agreements 2000 Memorandum of Understanding on the ASEAN Swap Arrangement and Supplemental MOUs 2009 Chiang Mai Initiative Multilateralization
External Links	ASEAN Secretariat accessed on 04/10/2022
Additional Information	The ASEAN Swap Arrangement (1977-present) forms the basis of the 2000 Chiang Mai Initiative (CMI) and the subsequent 2009 Chiang Mai Initiative Multilateralization, a currency swap mechanism involving the ASEAN+3 member states (ASEAN, China, Japan and the Republic of Korea). The initiative comprises the ASEAN Swap Arrangement and a network of separately negotiated bilateral and multilateral swap agreements. Singapore’s date of signature is not indicated on the scanned copy of this instrument available on the ASEAN Secretariat website.