Regulatory Alerts2008-12-18 | Circular 63/2008Added
Circular 63/2008 — Amends Circular 48/2008
The Bank of Mexico amends sections 1.3 and the third paragraph of section 1 of Circular 48/2008 to allow multiple banking institutions to obtain liquidity financing through credit operations backed by specific credit portfolios when they lack sufficient securities eligible for repo operations. Institutions must submit documentation proving that the credits meet the requirements specified in the Manual of Operation for the Exercise of Liquidity Financing. This circular entered into force on December 18, 2008.
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