This started to leak out over the weekend and it looks like it may be unveiled at theG20 summit.
Countries would be able to borrow 5 times their IMF quota.
The line is suitable for smaller borrowers, according to a Bloomberg story. Not sure if that means smaller countries or countries that need less cash than the likes of Greece who are shut-out of markets.
EUR/USD was unable to hold its gains above 1.3700 and has slipped back to the 1.3680s.