Regulatory Alerts2017-03-31 | Circular 9/2017Added
Circular 9/2017 — Procedure for Market Makers and Udibonos Market Makers to Exercise the Right to Conduct Government Securities Swap Operations with the Bank of Mexico as Financial Agent of the Federal Government
This Circular establishes the procedure for Market Makers and Udibonos Market Makers to participate in government securities swap auctions conducted by the Bank of Mexico. It defines eligibility requirements, including the need for active securities lending agreements with INDEVAL, and sets out rules for bid submission, allocation criteria, and settlement. The document mandates that bids are binding and irrevocable, specifies the use of the SIAC-BANXICO system for submissions and results, and outlines the Bank of Mexico's reservation of title over securities until delivery is received.
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Topics
securities
monetary
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