Regulatory Alerts2019-06-24 | DOF 5563897Added
Modifying Circular 9/19 of the Single Circular on Insurance and Sureties
The National Insurance and Sureties Commission 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) applicable for the first quarter of 2019. These factors are required by authorized financial guarantee insurance institutions to calculate the capital requirement factor for issued guarantees. The circular specifies distinct FA values based on credit ratings from Standard & Poor's, Moody's, and Fitch for government bonds, asset-backed securities, and guaranteed values with varying collateral and maturity conditions. The modification enters into force the day following its publication in the Official Gazette of the Federation.