Regulatory Alerts2008-05-05 | Circular 16/2008Added
Circular 16/2008 — Modifies Circular 2019/95
The Bank of Mexico amends specific provisions of Circular 2019/95 to adjust operating hours for payment systems and government securities auctions. The changes modify the SIAC-BANXICO transfer windows for national currency to 00:00:00–16:30:00 and 17:30:00–18:00:00, establish a 17:15:00 deadline for institutions to check same-day balances, and set the submission deadline for government securities bids at 11:00:00 on the second preceding banking day. These modifications apply to multiple banking institutions and take effect on May 9, 2008.
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