Regulatory Alerts2020-06-01 | Circular 20/2020Added
Circular 20/2020 — Provision of Resources to Credit Institutions to Channel Credit to Micro, Small and Medium Enterprises and Individuals
The Bank of Mexico establishes rules for providing liquidity to multiple and development banking institutions to finance micro, small, and medium-sized enterprises (MiPyME) and individuals. Institutions must first utilize available amounts from their Monetary Regulation Deposits before engaging in repurchase agreements with eligible securities. Eligible borrowers are defined as MiPyME with no more than 250 employees and total outstanding principal of 50 million pesos or less, and individuals, with financing potentially extended indirectly through non-bank financial entities.
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