Regulatory Alerts2007-12-06 | Circular 17/2007Added
Circular 17/2007 — Modifies Circular 2031/97
Bank of Mexico modifies the Operating Rules of the Reciprocal Payments and Credits Agreement by updating Annex III to increase the Reimbursement Code length from 17 to 20 digits, specifically expanding the Year field from 1 to 4 digits. The circular adds Annexes XIII, XIV, and XV to establish new SIAC data entry instructions for Issuance Notices, Reimbursement Requests, and Claim Notices. These changes apply to authorized Mexican financial institutions and require the use of the new 20-digit code structure for instruments issued on or after January 2, 2008, while allowing previously issued codes to retain their 17-digit format.
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