Regulatory Alerts2020-07-22 | Circular 29/2020Added
Circular 29/2020 — Modifies Circular 18/2020 regarding repo operations with Bank of Mexico
The Bank of Mexico amends the rules for corporate bond repo operations to cover liquidity needs, allowing eligible institutions to extend the duration of these agreements through June 30, 2023. The modification introduces renewal provisions for corporate debt issued between July 16 and December 31, 2020, with extension deadlines depending on the issuer's market share or issuance amount. It also updates the definition of eligible currencies, adjusts interest rate calculations, and modifies application and payment formats for multiple banking and development banks.
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