Regulatory Alerts2021-12-16 | Circular 10/2021Added · Updated
Circular 10/2021 — Rules for Auctions for the Purchase of Bondes D and Sale of Bondes F
The Bank of Mexico establishes rules for auctions involving the purchase of Bondes D and sale of Bondes F by financial institutions, brokerage houses, investment funds, and retirement fund societies. The document defines eligible bidders, submission procedures via the PRIMARIA PERMUTA system, auction types (single or multiple price), and assignment criteria. It mandates settlement through the DALI system, specifies interest calculations for accrued unpaid interest, and imposes penalties, including a charge of 1% of the nominal amount or 200,000 UDIS (whichever is higher) and potential disqualification, for bidders failing to deliver the required Bondes D.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.