Oplátkou za nabídku výměny za sestřih by EMF získal pohledávky vůči insolventní zemi, která by pak od EMF obdržela dodatečné finance pouze na konkrétní účely, jež EMF schválí.
In return for offering the exchange against a haircut, the EMF would acquire the claims against the defaulting country, which would then receive any additional funds from the EMF only for specific purposes that the EMF approves.