Regulatory Alerts2020-06-18 | Circular 26/2020Added
Circular 26/2020 — Modifications to Circular 8/2009
The Bank of Mexico modifies the rules for US dollar credit auctions to maintain dollar liquidity for multiple and development banking institutions amid the COVID-19 pandemic. The amendments expand eligible collateral by introducing new credit quality criteria and definitions, renaming the rules to 'Rules Applicable to Dollar Financing Auctions,' and updating operational procedures for bidding, assignment, and result publication. These changes aim to ensure orderly debt and exchange markets and facilitate credit provision to the economy.
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