Regulatory Alerts2009-06-15 | Circular 15/2009Added
Circular 15/2009 — Modifies the Repo Rules
The Bank of Mexico modifies the Repo Rules to clarify that titles guaranteed by the Sociedad Hipotecaria Federal, S.N.C. qualify for repo operations. Specifically, it amends section 2.1 to allow Credit Institutions and Brokerage Houses acting as Repo Parties with other group entities, Qualified Investors, or individuals to accept foreign or domestic titles if they are rated by at least two internationally recognized rating agencies or carry a payment guarantee or aval from the Sociedad Hipotecaria Federal, S.N.C. covering at least 65% of the outstanding principal and ordinary interest. This resolution entered into force on June 16, 2009.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.
Topics
Share