1987 Fourth Supplementary Agreement to the Memorandum of Understanding on ASEAN Swap Arrangement

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Full Title	1987 Fourth Supplementary Agreement to the Memorandum of Understanding on ASEAN Swap Arrangement
Short Title / Abbreviations	ASA 4th Supplementary Agreement
CIL Subject Classification	ASEAN Documents ASEAN Economic Community Finance
Date of Adoption	21/01/1987
Place of Adoption	Kathmandu, Nepal
Issued/Adopted by	Heads of Central Banks and Monetary Authorities of ASEAN
Dispute settlement provisions	Refer to 1977 Memorandum of Understanding on the ASEAN Swap Arrangement Article IX Dispute: “Any dispute or problem arising from the implementation of the Arrangement shall be resolved through consultations among the participants, initiated by the Agent Bank.”
Entry Into Force Status	Not In Force
Source	Text of Agreement
Date of Entry into Force	05/08/1987
Date of Termination	05/08/1992
Entry into Force / Termination Provisions	Article IV: “The arrangement shall be renewed and remain in force for a period of five years from the date this Fourth Supplementary Agreement comes into force. However, if a central bank, monetary authority or its equivalent body of an ASEAN member country has confirmed its acceptance of this Fourth Supplementary Agreement, the Arrangement shall remain in force for an additional period of one year for each new member.” Article V: “This Fourth Supplementary Agreement shall come into force on August 5, 1987.”
Status
ASEAN States
Brunei Darussalam
Cambodia
Indonesia	Signature 21/01/1987
Lao PDR	Accession 16/10/1997
Malaysia	Signature 21/01/1987
Myanmar
Philippines	Signature 21/01/1987
Singapore	Signature 21/01/1987
Thailand	Signature 21/01/1987
Vietnam
Related Instruments
This instrument amends/supersedes	1977 Memorandum of Understanding on the ASEAN Swap Arrangements
Related Instruments	1978 Supplementary Agreement to the Memorandum of Understanding of the ASEAN Swap Arrangements 1979 Second Supplementary Agreement to the Memorandum of Understanding on ASEAN Swap Arrangement 1981 Amendments to the Memorandum of Understanding on the ASEAN Swap Arrangement 1982 Third Supplementary Agreement to the Memorandum of Understanding on the ASEAN Swap Arrangements 1992 Fifth Supplementary Agreement to the Memorandum of Understanding on the ASEAN Swap Arrangement 1997 Sixth Supplementary Agreement to the ASEAN Swap Arrangement 2000 Memorandum of Understanding on the ASEAN Swap Arrangement 2000 Chiang Mai Initiative 2005 Memorandum of Understanding on the ASEAN Swap Arrangement
External Links	ASEAN accessed on 04/10/2022
Additional Information	The ASEAN Swap Arrangement forms the basis of the 2000 Chiang Mai Initiative (CMI), 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. Lao PDR acceded to the 1977 MOU, the 1-6^th Supplemental Agreements and the 1981 Amendment via the 1997 Second Protocol for the Accession of the Lao People’s Democratic Republic to ASEAN Agreements. Brunei Darussalam was a member of ASEAN at the time of the adoption of this instrument, but was not a signatory. As of this update CIL staff have no information on the participation in the 1977-2000 ASEAN Swap Arrangement by Brunei, Viet Nam, Myanmar or Cambodia.