Regulatory Alerts2015-05-11 | Circular 10/2015Added
Circular 10/2015 — Ordinary Additional Liquidity Facility
The Bank of Mexico establishes new rules governing the granting of ordinary additional liquidity financing to multiple banking institutions. The facility is available via secured simple credit against monetary regulation or dollar deposits, or through repurchase agreements on eligible securities, with interest rates set at two to 2.2 times the central bank's target overnight interbank rate. Institutions must submit applications by the banking business day preceding the disbursement and maintain specific collateral qualifications, including credit ratings of AA or higher for certain debt instruments.
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