The reform to the Treaty also reviews the criteria and procedures for obtaining precautionary credit lines.
In the case of the PCCL, signing a Memorandum of Understanding (MoU) would no longer be required; this credit line would be granted to countries not subject to a procedure for deficit or excessive  8  macroeconomic imbalances, provided there is a letter of intent in which the requesting country commits to respecting the criteria, which are specified in quantitative terms in Annex III of the new version of the Treaty (Article 14).