Regulatory Alerts2017-09-07 | Circular 17/2017Added
Circular 17/2017 — Additional Auctions of Government Securities Placement Conducted by the Bank of Mexico as Financial Agent of the Federal Government
The Bank of Mexico establishes rules for additional primary placement auctions of government securities (CETEs and BONDEs) conducted as financial agent of the Federal Government. Eligible participants include credit institutions, brokerage houses, investment funds, and retirement fund societies, subject to prior authorization and submission of bids via the SIAC-BANXICO system. The document defines auction types (single or multiple rate/price), assignment criteria based on bid rankings, and settlement procedures involving simultaneous delivery and payment through INDEVAL's DALÍ system, with specific formulas for calculating accrued interest on BONDEs.
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