Regulatory Alerts2012-11-08 | Circular 16/2012Added
Circular 16/2012 — Auctions for the Placement of Segregated Coupons of UDIBONOS (Market Makers)
The Bank of Mexico establishes rules for auctions to place segregated principal and interest coupons of UDIBONOS, restricting primary acquisition to credit institutions authorized as market makers. Bids must be competitive, submitted via the SIAC-BANXICO system or in writing within specific timeframes, and are irrevocable. Settlement occurs on the second banking day following the auction, with payment calculated using specific formulas and zero-coupon curve methodologies, while failure to pay may result in disqualification from future auctions.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.
Topics
Share