Regulatory Alerts2007-06-15 | Circular 5/2007Added
Circular 5/2007 — Modifies Circular 2019/95
The Bank of Mexico amends section M.71.31.7 and adds a sixth paragraph to sections 1.21.4 of Annex 1 and 5.4 of Annex 5 of Circular 2019/95 to stipulate that interest paid on titles subject to repo operations during their term is credited to the Unique Account held by the Bank of Mexico for the Repo-taker on the day the issuer pays the interest. This modification applies to multiple banking institutions and aims to facilitate the availability of interest generated from such operations. The circular enters into force on June 29, 2007.
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