Regulatory Alerts2015-10-07 | Circular 11/2014Added
Circular 11/2014 — Modifications to Circular 9/2014
The Bank of Mexico increases the total additional monetary regulation deposits that credit institutions must hold by $41,470,980,893.00 MXN, to be paid in four equal installments of $10,367,745,223.25 on August 14, September 11, October 9, and November 6, 2014. Each institution's specific share is calculated pro rata based on its traditional national currency deposits as of May 31, 2014, with individual amounts notified by July 4, 2014. The circular also updates the composition rules for these deposits to allow cash, securities, or a combination thereof as determined by the Bank.
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