Regulatory Alerts2017-03-31 | Circular 7/2017Added
Circular 7/2017 — Modifications to the Procedure for Acting as Market Makers of Government Securities
Circular 7/2017 modifies the procedure for credit institutions and brokerage houses acting as market makers for government securities and UDIBONOS. It updates sections 4.2.6 and 7.2.5 of Office 305-027/2011 to require that the funding rate used to calculate the daily premium paid to the Bank of Mexico be the weighted government funding rate published for the second business day prior to the payment date. These specific modifications enter into force on April 7, 2017.
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