Modificatory 3/16 of the Single Insurance and Surety Circular

DOF: 17/02/2016

CIRCULAR Modificatory 3/16 of the Single Insurance and Surety Circular

At the margin, a seal with the National Coat of Arms, which says: United Mexican States.- Ministry of Finance and Public Credit.- National Insurance and Sureties Commission.

CIRCULAR MODIFICATORY 3/16 OF THE SINGLE INSURANCE AND SURETY CIRCULAR

(Annex 6.4.11.)

The National Insurance and Sureties Commission, based on the provisions of articles 366, fraction II, and 372, fraction VI, of the Law of Insurance and Surety Institutions, and

CONSIDERING

That in accordance with the provisions of article 232, in conjunction with article 233, both of the Law of Insurance and Surety Institutions, it is the obligation of Insurance Institutions to maintain the Necessary Admissible Own Funds to back a Solvency Capital Requirement resulting from applying the general formula referred to in article 236 of said Law, or by means of the use of an internal model, in terms of what is established in article 237 of the cited Law; this, without prejudice to the fact that such institutions maintain sufficient assets and investments for the coverage of the investment base and the minimum paid-in capital, provided for in said Law.

That according to what is established in Provision 6.4.11. of the current Single Insurance and Surety Circular, the Commission will make known the Basic Adjustment Factor for Credit Risk (FBA) and the Credit Risk Adjustment Factor (FA) that Insurance Institutions must apply for the purpose of determining the capital requirement factor corresponding to the issued guarantee.

That in view of the above, it is necessary to make known to the Institutions authorized to operate financial guarantee insurance, the values assigned to the Credit Risk Adjustment Factors that they must apply for the purpose of determining the capital requirement factor corresponding to the issued guarantee, relative to the fourth quarter of 2015.

For the foregoing, the National Insurance and Sureties Commission has resolved to issue the following modification to the Single Insurance and Surety Circular in the following terms:

CIRCULAR MODIFICATORY 3/16 OF THE SINGLE INSURANCE AND SURETY CIRCULAR

(Annex 6.4.11.)

SOLE.- Annex 6.4.11. of the Single Insurance and Surety Circular is modified.

TRANSITORY

SOLE.- This Modificatory Circular will enter into force the day after its publication in the Official Gazette of the Federation.

This is made known to you, based on articles 366, fraction II, and 372, fraction VI, of the Law of Insurance and Surety Institutions.

Respectfully,

Effective Suffrage. No Re-election.

Mexico City, February 5, 2016.- The President of the National Insurance and Sureties Commission, Norma Alicia Rosas Rodríguez.- Rubric.

ANNEX 6.4.11.

FBA AND FA FACTORS FOR THE CALCULATION OF THE FACTORS

APPLICABLE TO THE

CALCULATION OF THE

I. For the case of Government Bonds:

FBA

2.7710

II. For the case of:

a)

Asset-backed securities,

b)

Guaranteed securities that have collateral guarantee or with a maturity of 7

years or less, and

c)

Guaranteed securities that do not have collateral guarantee or with a maturity

greater than 7 years:

FA

AAA (Standard & Poor's); Aaa (Moody's); AAA (Fitch)

2.7710

FA

AA (Standard & Poor's); Aa (Moody's); AA (Fitch)

2.9420

FA

A (Standard & Poor's); A (Moody's); A (Fitch)

3.0038

FA

BBB (Standard & Poor's); Baa2 (Moody's); BBB (Fitch)

4.1855

---

In the document you are viewing, there may be text, characters, or objects that do not display correctly due to conversion to HTML format, so we recommend always taking the digitized image of the DOF or the PDF file of the edition as a reference. The content, form, and scope of published documents are the strict responsibility of their issuer.

INQUIRY

BY DATE

Do

Lu

Ma

Mi

Ju

Vi

Sá

INDICATORS

Exchange Rate and Rates as of 31/08/2026

DOLLAR

17.0427 UDIS

8.810483 TIIE 28 DAYS

6.7659% TIIE 91 DAYS

6.8033% TIIE 182 DAYS

6.8577% TIIE DE FONDEO

6.51%

See more

SURVEYS

Did you like the new image of the Official Gazette of the Federation website?

No

Yes

Official Gazette of the Federation

Río Amazonas No. 62, Col. Cuauhtémoc, C.P. 06500, Mexico City Tel. (55) 5093-3200, where you can access our menu of services

Electronic address: dof.gob.mx

111

LEGAL NOTICE | SOME RIGHTS RESERVED © 2026