Regulatory Alerts2020-03-31 | DOF 5590757Added
Modifying Circular 3/20 of the Single Circular on Insurance and Sureties
The National Commission of Insurance and Sureties modifies Annex 6.4.11 of the Single Circular on Insurance and Sureties to publish the Basic Adjustment Factor for Credit Risk (FBA) and the Credit Risk Adjustment Factor (FA) for the fourth quarter of 2019. These factors are required for authorized institutions offering financial guarantee insurance to determine the capital requirement factor for issued guarantees. The specific values range from 2.0617 for AAA-rated securities to 3.2056 for BBB-rated securities, depending on collateral and maturity. The circular enters into force the day after its publication in the Official Gazette of the Federation.