 In 2009, 16 bilateral swap arrangements (BSAs) were concluded with a combined amount of about US$35.5 billion.The CMI was signed on 9 December 2009 and took effect on 20 March 2014 while the amended version, the multilateralisation of CMI (CMIM), was on 17 July 2014.The CMIM is a multilateral currency swap arrangement governed by a single contractual agreement.