The initial size of the CRA is $ billion; South Africa contributes $ billion and is eligible to receive $ billion in support. The CRA is made up of swap arrangements between the BRICS countries and will be used to forestall short-term balance-of-payments pressures, provide mutual support, and strengthen financial  BIS central bankers’ speeches  5  stability.
The CRA is beneficial to South Africa as it adds a layer of financial support in times of crises. Currently, the BRICS central banks are negotiating the Inter Central Bank Agreement which operationalises the CRA; this is set to be finalised before the next BRICS Summit in Russia in July 2015.