Regulatory Alerts2008-10-13 | Circular 48/2008Added
Circular 48/2008 — Liquidity Facilities
Banco de México authorizes multiple banking institutions to obtain temporary liquidity financing through guaranteed credit lines or repo operations. The facility requires institutions to submit a formal request via Annex 1 and adhere to specific collateral requirements, such as monetary regulation deposits for credits or eligible securities for repos. Interest is calculated at 1.2 times the one-day interbank interest rate target, and contracts may be terminated early for non-compliance with information requests or operational rules. These rules became effective on October 13, 2008.
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