Many projects require that an escrow account, managed by a third party, be set up so that all revenues from a project can be deposited directly into it, with payments to bond holders being made first, prior to any other disbursements. Many lenders will also request that a debt reserve account be set up to carry a cash balance that covers debt-servicing requirements, typically for six month. Such arrangements can also be denominated in a chosen currency to minimize short-term foreign exchange fluctuations.