Regulatory Alerts2015-03-03 | Circular 3/2015Added
Circular 3/2015 — Modifications to Circular 3/2012 (Transfers to SPEI)
The document amends the regulations governing credit institutions and the Financiera Nacional de Desarrollo Agropecuario, Rural, Forestal and Pesquero to allow transfers of funds from their Single Account to their SPEI Account to ensure sufficient liquidity for extended operating hours. It establishes two mechanisms for these transfers: direct orders via SIAC-BANXICO during extended hours, or automatic daily transfers based on the institution's payment capacity determined by the Bank of Mexico. Institutions must submit a written authorization using the specified model at least five banking days in advance to utilize the automatic transfer mechanism.
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