Regulatory Alerts2024-02-15 | Circular 2/2024Added · Updated
Circular 2/2024 — Modifications to Circular 2/2011 (Inclusion of BONDES G and BONOS MS)
The Bank of Mexico amends the "Rules for the Swap of Government Securities" to include BONDES G and BONOS MS, which are federal government debt instruments aligned with environmental, social, and corporate governance (ESG) criteria, in eligible swap operations. The circular defines these new instruments, establishes the TIIE de Fondeo as the reference rate for BONDES G, and updates provisions regarding bid submission via the SIAC-BANXICO system, electronic signatures, and settlement procedures. These modifications apply to credit institutions, brokerage houses, investment funds, and specialized retirement fund investment companies.
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