Regulatory Alerts2006-08-16 | Circular 2/2006Added
Circular 2/2006 — Amends Circular 1/2002
The Bank of Mexico repeals previous circulars and establishes rules for the placement of Monetary Regulation Bonds (BREMS) and Federal Government Development Bonds (BONDES D) by credit institutions, securities companies, and investment companies. The rules define eligible bidders, auction types (traditional and interactive), bid submission via SIAC-BANXICO, and allocation methods (single price and multiple price). It mandates settlement through INDEVAL and specifies the formula for calculating accrued interest and the consequences for non-payment, including potential disqualification from future auctions.
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Topics
securities
monetary
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