Regulatory Alerts2008-11-13 | Circular 57/2008Added
Circular 57/2008 — Modifies Circular 56/2008
The Bank of Mexico amends the 'Rules for Interest Rate Swap Auctions' to specify that it may terminate any swap early after 180 natural days from the operation's start, provided written notice is given at least one banking day in advance. This 180-day notice period does not apply in the scenario outlined in the final part of the fifth paragraph of Article 9. The modification applies to credit institutions and becomes effective on November 13, 2008.
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