Regulatory Alerts2009-12-03 | Circular 28/2009Added
Circular 28/2009 — Modifies Circular 2031/97
The Bank of Mexico updates the list of authorized institutions operating under the reciprocal payments and credits convention with the Central Bank of Paraguay. This modification, effective December 2009, adds twelve specific entities, including the Central Bank of Paraguay and various commercial banks, to the authorized roster previously established in Circular 2031/97. The update applies to credit institutions in Mexico participating in this cross-border payment and credit framework.
CIRCULAR 28/2009 Mexico, D.F., December 3, 2009.
TO THE CREDIT INSTITUTIONS OF THE COUNTRY:
SUBJECT: MODIFICATIONS TO THE OPERATING RULES OF THE RECIPROCAL PAYMENTS AND CREDITS AGREEMENT SIGNED BY THE BANK OF MEXICO AND THE CENTRAL BANKS OF THE OTHER MEMBER COUNTRIES OF THE LATIN AMERICAN INTEGRATION ASSOCIATION (ALADI) AND THE DOMINICAN REPUBLIC.
The Bank of Mexico, based on Article 28 of the Political Constitution of the United Mexican States, sixth and seventh paragraphs; Article 24 of the Bank of Mexico Law; Article 22 of the Law for Transparency and Ordering of Financial Services; Article 8, third and sixth paragraphs; Article 10; Article 17, fraction I; and Article 20 Bis, fraction XII, which provide the Bank of Mexico's authority through the Central Banking Dispositions Directorate and the Operational Processing Directorate, respectively; all from the Internal Regulations of the Bank of Mexico; Article 1 and IV of the Sole Agreement on the Affiliation of the Administrative Units of the Bank of Mexico; and with the objective of promoting the healthy development of the financial system, and since the Central Bank of Paraguay has made modifications to the catalog of institutions authorized to operate under the reciprocal payments and credits agreement signed by the Bank of Mexico and the Central Banks of the other member countries of the Latin American Integration Association (ALADI) and the Dominican Republic, has resolved to modify the aforementioned Rules, which were made known through Circular 2031/97.
For the foregoing, with this Circular, we inform you that sheet number A.II.30 has been updated.
Sheet No. A.II.30 December 2009
PARAGUAY
| NAME | PLACE | CODE |
|---|---|---|
| CENTRAL BANK OF PARAGUAY | ASUNCION | 5I84 |
| BANCO CONTINENTAL S.A. | ASUNCION | 5186 |
| BANCO DE LA NACION ARGENTINA | ASUNCION | 5191 |
| BANCO DO BRASIL S.A. | ASUNCION | 5193 |
| BANCO BILBAO VIZCAYA ARGENTARIA PARAGUAY S.A. | ASUNCION | 5195 |
| BANCO NACIONAL DE FOMENTO | ASUNCION | 5198 |
| SUDAMERIS BANK S.A.E.C.A. | ASUNCION | 5201 |
| CITIBANK N.A. | ASUNCION | 5205 |
| INTERBANCO S.A. | ASUNCION | 5207 |
| HSBC BANK PARAGUAY S.A. | ASUNCION | 5208 |
| BANCO REGIONAL S.A. DE INVERSION Y FOMENTO | ENCARNACION | 5212 |
| BANCO AMAMBAY S.A. | ASUNCION | 5214 |
| BANCO INTEGRACION, S.A. | CIUDAD DEL ESTE | 5217 |
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