Regulatory Alerts2021-10-22 | Circular 7/2021Added · Updated
Circular 7/2021 — Modifies Circular 2/2011
Circular 7/2021 amends the Rules for the Swap of Government Securities (Circular 2/2011) to include any debt instrument issued by the Federal Government, including those with adjustable rates, in government security swap auctions. The Bank of Mexico updates definitions by renaming 'Bonds' to 'BONDES', 'CETEs', 'DALI', 'Net Long Position', 'SIAC-BANXICO' to 'PRIMARY SWAP', and 'UDIBONOS' to 'UDIS', while adding 'Banking Business Days' and derogating 'Udibonos'. The circular modifies submission limits, auction types, pricing, and settlement procedures for credit institutions, brokerage houses, investment funds, and specialized retirement fund societies.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.