Regulatory Alerts2017-02-24 | Circular 3/2017Added
Circular 3/2017 — Rules for Foreign Exchange Hedging Auctions
The Bank of Mexico establishes the terms and conditions under which credit institutions may participate in foreign exchange hedging auctions and execute the resulting hedging operations. The rules define eligible bidders, submission requirements, auction types (traditional and interactive), assignment criteria, and settlement calculations based on the difference between the assignment and liquidation exchange rates. Credit institutions must sign contracts and provide guarantees to participate, with bids being binding and irrevocable once submitted.
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