Regulatory Alerts2008-12-24 | Circular 64/2008Added
Circular 64/2008 — Modifies Circular 2019/95
This circular modifies specific operational rules in Circular 2019/95 regarding the use of US dollar deposits as collateral for credit facilities, overdrafts, and liquidity auctions. It mandates that institutions segregate these deposits into a special guarantee account via SIAC-BANXICO or authorized electronic means, with the collateral value determined by the published exchange rate minus a discount factor. The document also updates the required application forms and specifies submission deadlines and contact details for multiple banking institutions.
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