Extracts from the
Protocol regarding the immunities of the Bank for
International Settlements(of 30th July 1936)
[...]
Article 1.
The Bank for International Settlements, its
property and assets as well as all the property and assets
which are or will be entrusted to it, whether coin or other
fungible goods, gold bullion silver or any other metal,
precious objects, securities or any other objects the deposit
of which is admissible in accordance with banking practice,
are exempt from the provisions or measures referred to in
paragraph 2 of Article X of the Agreement with Germany and in
Article 10 of the Constituent Charter consecutive to the
Convention with Switzerland, of the 20th January 1930.
The property and assets of third parties,
held by any other institution or person, on the instructions,
in the name or for the account of the Bank for International
Settlements, shall be considered as entrusted to the Bank for
International Settlements and as enjoying the immunities laid
down by the Articles above-mentioned by the same right as the
property and assets which the Bank for International
Settlements holds for the account of others, in the premises
set apart for this purpose by the Bank, its branches or
agencies.
[...]
[END]
Art. X, paragraph 2 of The Hague Agreement
with Germany reads as follows:
'The Bank, its property and
assets, and also the deposits of other funds entrusted to it,
on the territory of, or dependent on the administration of,
the Parties shall be immune from any disabilities and from any
restrictive measures such as censorship, requisition, seizure
or confiscation, in time of peace or war, reprisals,
prohibition or restriction of export of gold or currency and
other similar interferences, restrictions or prohibitions.'
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