Regulatory Alerts2020-09-11 | Circular 34/2020Added · Updated
Circular 34/2020 — Modifies Circular 25/2020
The Bank of Mexico modifies the rules for financings guaranteed by qualified credit assets to facilitate efficient resource provision to credit institutions for lending to micro, small, and medium-sized enterprises. Specifically, it updates the calculation methodology for estimated interest and premiums in repurchase operations by defining the number of days and the interest rate basis, including provisions for rate adjustments during the calculation period. These changes apply to multiple banking and development banking institutions and enter into force upon publication in the Official Journal.
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