DOF: 23/12/2021

RESOLUTION modifying the General Provisions applicable to Brokerage Houses

At the margin, a seal with the National Coat of Arms, which says: United Mexican States.- TREASURY.- Ministry of

Treasury and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on the provisions of articles 205, 210,

211 and 350, third paragraph of the Securities Market Law; 4, fractions III, IV, VII, XXXVI and XXXVIII; 16

fraction I; and 19 of the National Banking and Securities Commission Law; as well as article 98 Bis of the

Credit Institutions Law, and

CONSIDERING

That in accordance with the provisions of article 78 of the General Law for Regulatory Improvement and with the purpose

of reducing the compliance cost of this modifying resolution, the National Banking and Securities

Commission through the issuance of the "Resolution modifying the general provisions

applicable to savings and credit entities, integration organizations, community financial societies

and rural financial integration organizations, referred to in the Savings and Popular Credit Law",

published in the Official Journal of the Federation on April 26, 2018, eliminated the obligation that

popular financial societies had to present to the National Banking and Securities Commission the opinion on

employee benefits from the independent external auditor;

That the Law to Regulate Financial Groups provides the faculty for the National Banking

and Securities Commission, the National Insurance and Bonds Commission, and the National Commission for the Retirement Savings System,

to jointly issue prudential norms in matters of financial information disclosure,

as well as rules and accounting criteria to which controlling societies of

financial groups must adhere, as well as the entities comprising the financial group itself, for

the approval,

dissemination and content of their financial statements;

That the law cited in the previous paragraph empowers the Ministry of Treasury and Public Credit to determine which commission will be in charge of the supervision of each Controlling and

Sub-controlling Society, without prejudice to the entities that make up the financial group remaining subject to

individual supervision, by the corresponding commission;

That International Financial Reporting Standard 9 "Financial Instruments" (IFRS, in English), was adopted by the Mexican Council of Financial Reporting Standards, A.C., which published

10 new Financial Reporting Standards (NIF) that will be applicable to Controlling Societies of

Financial Groups and to the entities comprising said group, which made it necessary to modify the

General Provisions applicable to controlling societies of financial groups and

sub-controlling societies that regulate matters that correspond jointly to the National

Supervisory Commissions;

That, in consistency, it is necessary for the National Banking and Securities Commission to make the

modifications to the general provisions that regulate the various entities under its

supervision, in this case in Brokerage Houses, in order to incorporate the content of the changes

indicated in the previous paragraph in matters of: i) the approval, dissemination and content of the

financial statements, ii) prudential norms in matters of financial information disclosure, iii) criteria

accounting and iv) regulatory reports that brokerage houses deliver to the Commission, and

That with the above, among other things, it will be possible to adjust the differences detected in the regulation of

common operations carried out by the entities comprising the financial groups and that will allow the

issuance of consolidated financial statements of each group, therefore it has resolved to issue the following:

RESOLUTION MODIFYING THE GENERAL PROVISIONS

APPLICABLE TO

BROKERAGE HOUSES

FIRST.- The articles 1, fractions XX and XXI; 131, fraction I, subsection b), numeral 2; 170;

171; 172; 173; 174; 174 Bis; 174 Bis 1; 174 Bis 2; 174 Bis 3; 174 Bis 4; 175; 177; 178; 180; 201; 202; and 216,

fraction I, subsection a); as well as the name of Title Six, are REFORMED, to be named "On accounting, on the

valuation of Securities and other financial instruments, financial information and its disclosure"

and of its

Chapter Two, to be named "On the disclosure of financial information, financial statements and texts

that will annotate at the foot"; three sections are ADDED to Title Six, Chapter I, Second Section,

denominated: "Section A General Provisions" which comprises articles 172 to 174 Bis,

"Section B On Internal Valuation Models" which comprises article 174 Bis 1 and "Section C On

the hiring of Price Providers" which consists of articles 174 Bis 2 to 174 Bis 5, and

SUBSTITUTE Annexes 5, 6, 9 and 10 of the General Provisions applicable to brokerage

houses, published in the Official Journal of the Federation on September 6, 2014 and modified by resolutions published in the cited medium of dissemination, to remain as follows:

" TITLE

FIRST to TITLE

FIFTH

. . .

TITLE SIX

On accounting, on the valuation of Securities and other financial instruments,

financial information and its

disclosure

Chapter One

. . .

First Section

. . .

Second Section

. . .

Section A

General Provisions

Section B

On Internal Valuation Models

Section C

On the hiring of Price Providers

Chapter Two

On the disclosure of Financial Information, financial statements and texts that annotate at the foot

Chapter Three to Chapter Five

. . .

Title Seven

. . .

Annexes A to 4 Bis

. . .

Annex 5

Accounting criteria for brokerage houses.

Annex 6

Financial indicators.

Annexes 7 and 8

. . .

Annex 9

Regulatory reports of brokerage houses.

Annex 10

Designation of responsible parties for the submission of information.

Annexes

to 19

. . . "

" Article 1.- . . .

I. to XIX.

. . .

XX.

Accounting criteria: to the "Accounting Criteria for Brokerage Houses" referred to in Section

First of Chapter One, Title Six and contained in Annex 5 of these provisions.

XXI.

Duty of best execution: to the obligation that brokerage houses have to obtain the best possible result

according to market conditions, for their clients in the execution of orders for securities of

variable income traded on stock exchanges that hold a concession under the terms of the Law, in accordance with

what is provided in these provisions.

XXII. to XLVIII.

. . . "

" Article 131.-

. . .

The impact that, on the value of capital and on the comprehensive income statement of the brokerage

house, are caused by alterations in the different risk factors, for which the

areas in charge of accounting records must provide the unit with the information

necessary for these purposes.

. . .

II. to VI.

. . . "

" Title Six

On accounting, on the valuation of Securities and other financial instruments,

financial information and its

disclosure

Chapter One

On Accounting Criteria and the valuation of Securities

and other financial instruments

First Section

On Accounting Criteria

Article 170.- Brokerage houses will adhere to the Accounting Criteria referred to in the provisions

of this chapter.

Unless otherwise specified, the terms defined in Article 1 of these provisions

are not applicable to this chapter nor to Annex 5 of these provisions. Likewise, the terms

defined in Annex 5 are not applicable to the rest of these provisions.

The aforementioned accounting criteria for brokerage houses attached to these provisions

as Annex 5, are divided into the series and criteria indicated below:

Series A. . . .

Series B.

. . .

B-1

Cash and cash equivalents.

B-2

(Repealed)

B-3

. . .

B-4

. . .

B-5

(Repealed).

B-6

. . .

B-7

. . .

Series C.

. . .

C-1

(Repealed)

C-2

. . .

C-3

(Repealed)

C-4

(Repealed)

C-5

(Repealed)

Series D.

Criteria related to basic financial statements.

D-1

Statement of Financial Position.

D-2

Comprehensive Income Statement.

D-3

Statement of Changes in Equity

D-4

. . .

Article 171.- In the event that there are systemic conditions that may affect the solvency or

stability of more than one brokerage house, the Commission may issue special accounting criteria.

. . .

Brokerage houses must disclose in the notes to the financial statements and in the

public communications of financial information, at least the following:

That they have authorization from the Commission to apply the special accounting record of which it

is a matter, being in a process of financial health or corporate restructuring, or

well, with a special accounting criterion under the terms of the first paragraph of this

article, specifying the period for which authorization is held to apply the criterion or

record.

II.

A broad explanation of the special accounting criteria or records applied, as well as those that

should have been made in accordance with the Accounting Criteria.

III.

The amounts that would have been recorded and presented both in the statement of financial position

as well as in the comprehensive income statement had they not had authorization to apply the criterion or

special accounting record.

IV.

A detailed explanation on the concepts and amounts for which the accounting

impact was made.

In its case, the impact that the application of said records and special accounting criteria generates

in their solvency and liquidity indicators.

In the case of annual financial statements, such disclosure must be made through a

specific note.

The Commission may revoke the special criteria or records referred to in this

article, when the brokerage house does not comply with the disclosure requirements mentioned above and, if applicable,

with the specifications in the application of the authorized record or accounting criterion.

Second Section

On the valuation of Securities and other financial instruments

Section A

General Provisions

Article 172.- The provisions provided in this Section have the purpose of establishing the requirements that

brokerage houses must follow in matters of valuation of Securities and other financial instruments

that form part of their statement of financial position.

Article 173.- For the purposes of this section, the following shall be understood:

Input Data, as the information that the brokerage house uses to set the price of Securities and

other financial instruments.

II.

Observable Input Data, as data available in the market, such as information

public about events, facts, real transactions or reference rates that are reflected in the

price of Securities and other financial instruments.

III.

Internal Valuation Model, as the mathematical procedure developed by the brokerage house to

determine the Updated Price for Valuation of Securities and other financial instruments.

Under no circumstances may an Internal Valuation Model be used to determine the Updated

Price for Valuation of the financial instruments indicated in fractions I to III of

article 174 of these provisions.

IV.

Structured Operations, those considered as such by the accounting criteria,

applicable to brokerage houses.

Packages of Derivative Financial Instruments, those considered as such by the criteria of

accounting applicable to brokerage houses.

VI.

Updated Price for Valuation, as the market or theoretical price obtained, based on

algorithms, technical and statistical criteria, for each of the Securities and other financial instruments

contained in a methodology developed by a Price Provider or in an

Internal Valuation Model developed by the brokerage house.

VII.

Price Provider, the legal entity authorized by the Commission to operate with such character, in

terms of the Law.

VIII.

Direct Vector Valuation, as the procedure of multiplying the number of titles or contracts in

position by the Updated Price for Valuation provided by a Price Provider.

IX.

Securities, as those considered as such in article 1 of these provisions.

Article 174.- Brokerage houses must apply Direct Vector Valuation on Securities and

other financial instruments that, in accordance with their investment regime and the provisions

applicable, may form part of their statement of financial position.

Brokerage houses will use Internal Valuation Models to obtain the Updated Price for

Valuation, provided that they comply with what is established in these provisions and it is not one of

the following financial instruments:

Securities registered in the Registry or Securities from abroad with direct recognition or promoted in accordance with the "General Provisions applicable to international quotation systems",

published in the Official Journal of the Federation on December 22, 2016 and its

respective modifications.

II.

Derivative financial instruments that trade on national derivatives exchanges or that belong to

markets recognized by the Bank of Mexico, with the exception of Swap Contract(s).

III.

Underlying assets and other financial instruments that form part of Structured Operations or Packages of Derivative Financial Instruments, when they are Securities or

financial instruments provided for in fractions I and II above.

For the instruments indicated in the previous fractions, brokerage houses must consider the

Updated Price for Valuation provided by the Price Provider they have contracted.

Article 174 Bis.- Brokerage houses will recognize Updated Prices for Valuation daily in their

accounting to determine the fair value of Securities and other financial instruments that make up their statement of financial position, considering the Updated Price for

Valuation that Price Providers calculate daily or the calculated through Internal Valuation Models when applicable under the terms of these provisions.

Section B

On Internal Valuation Models

Article 174 Bis 1.- When brokerage houses prepare financial statements containing information

on Securities and other financial instruments, whose Updated Price for Valuation has been

determined through the application of Internal Valuation Models, they must comply with the following:

The risk committee of the brokerage house must approve:

Internal Valuation Models and their modifications, which must be homogeneous and

consistent for all financial entities comprising the financial group.

The methods for estimating variables used in Internal Valuation Models that

are not provided directly by their Price Provider.

The Securities and other financial instruments to which Internal Valuation Models are

applicable.

II.

In Internal Valuation Models, brokerage houses must use information related to

interest rates, exchange rates, volatilities

and other inputs provided, if applicable, by their

Price Provider, regardless of their characteristics, including information related to those

underlying assets and other financial instruments referred to in Article 174, fraction III of

these provisions. When the Price Provider does not issue such information, it may

use information issued by different sources, documenting the policies for its obtaining, as well as

prioritizing the use of Observable Input Data.

III.

Maintain a record

in which the Updated Price for Valuation calculated

daily for each of the Securities and other financial instruments is recorded,

and the information used to make said calculation. The information referred to in this fraction must be preserved for

a period of five years by the brokerage house.

IV.

The risk committee of the brokerage house must be informed about the possible uncertainties

that the valuation of positions with Internal Valuation Models entails within the measurement

of risks and business performance.

The units in charge of developing Internal Valuation Models must be

independent of those in charge of carrying out the reviews and validations referred to in

fraction VI of this article.

VI.

Review and validate their Internal Valuation Models prior to the approval referred to in

fraction I of this article, as well as carry out periodic review and validation of the

Internal Valuation Models, in order to verify that they remain accurate and adequate,

including for this purpose the periodic review of the validity and adequacy of interest rates, exchange rates, volatilities and other reference inputs used by said models and provided by

the Price Provider of the brokerage house. The aforementioned review and validation must be

carried out by qualified units independent of the business units, which may be the Internal

Audit area being the unit in charge of carrying out said task.

When, in accordance with the Accounting Criteria issued by the Commission applicable to brokerage houses,

these must disaggregate Structured Operations and Packages of Derivative Financial Instruments,

they must adhere to the procedures indicated in said Accounting Criteria for effect of their

disaggregation. The aforementioned disaggregation may be carried out internally in brokerage houses or through

the contracted Price Provider.

The information indicated in the previous fraction I, must be delivered through digital format images,

on optical or magnetic media to the Commission within 30 calendar days following the

approval of the risk committee, with the exception of modifications to Internal Valuation Models

which must be delivered to the Commission within 2 calendar days following their approval.

The Commission will have the faculty of veto regarding Internal Valuation Models, as well as regarding the

modifications to the models themselves or to the inputs used for the determination of the Updated Price

for Valuation, within a period of 10 business days counted from the date of receipt of the

information referred to in the previous paragraph. Likewise, the information referred to in this article

must be properly documented and made available to the Commission when it requires it.

Section C

On the hiring of Price Providers

Article 174 Bis 2.-

The board of directors of brokerage houses must approve the hiring of

a single Price Provider for the purposes of this section.

Article 174 Bis 3.-

Brokerage houses must notify in writing to the Commission, through a

free format and within ten business days following the celebration of the respective contract, the name of the

Price Provider they hire, attaching a copy of the service contract.

In the event of substitution of the Price Provider, the notification referred to in this article must

be carried out thirty calendar days in advance, to the hiring in question.

Article 174 Bis 4.-

Brokerage houses must request from their Price Provider the information

necessary to comply with the disclosure requirements regarding the determination of the

Updated Price for Valuation, contained in the accounting criteria.

Article 174 Bis 5.- The Internal Audit area of brokerage houses must carry out periodic

and systematic reviews, in accordance with its annual work program, that allow verifying due

compliance with what is established in this section.

Chapter Two

On the disclosure of financial information, financial statements and texts that annotate at the foot

Article 175.- Brokerage houses must prepare their basic financial statements in accordance with

the accounting criteria referred to in the previous article 170.

. . . "

" Article 177.- . . .

Statement of Financial Position:

" The present statement of financial position was formulated in accordance with the criteria of

accounting for brokerage houses, issued by the National Banking and Securities Commission with

basis on the provisions of articles 205, last paragraph, 210, second paragraph and 211 of the

Securities Market Law, of general and mandatory observance, applied consistently,

reflecting the operations carried out by the brokerage house up to the date above

mentioned, which were carried out and valued in compliance with sound stock market practices and to the

legal and administrative provisions applicable.

The present statement of financial position was approved by the board of directors under the

responsibility of the executives who sign it. "

II.

Comprehensive Income Statement:

" The present comprehensive income statement was formulated in accordance with the criteria of

accounting for brokerage houses, issued by the National Banking and Securities Commission with basis on

the provisions of articles 205, last paragraph, 210, second paragraph and 211 of the Law of

Securities Market, of general and mandatory observance, applied consistently, reflecting

all income and expenses derived from the operations carried out by the brokerage house

during the period mentioned above, which were carried out and valued in compliance with sound

stock market practices and to the legal and administrative provisions applicable.

The present comprehensive income statement was approved by the board of directors under the

responsibility of the executives who sign it. "

III.

Statement of Changes in Equity:

" The present statement of changes in equity was formulated in accordance with the criteria of

accounting for brokerage houses, issued by the National Banking and Securities Commission with

basis on the provisions of articles 205, last paragraph, 210, second paragraph and 211 of the

Securities Market Law, of general and mandatory observance, applied consistently,"

being reflected all movements in the equity accounts derived from the operations carried out by the brokerage house during the aforementioned period, which were carried out and valued in accordance with sound stock market practices and the applicable legal and administrative provisions.

The present statement of changes in equity was approved by the board of directors under the responsibility of the executives who sign it."

IV.

Statement of cash flows:

"The present statement of cash flows was prepared in accordance with the Accounting Criteria for Brokerage Houses, issued by the National Banking and Securities Commission, based on the provisions of articles 205, last paragraph, 210, second paragraph, and 211 of the Securities Market Law, of general and mandatory observance, applied consistently, reflecting the cash inflows and outflows derived from the operations carried out by the brokerage house during the aforementioned period, which were carried out and valued in accordance with sound stock market practices and the applicable legal and administrative provisions.

The present statement of cash flows was approved by the board of directors under the responsibility of the executives who sign it."

Brokerage houses must include in the explanatory notes to the basic consolidated financial statements the facts and data that must be disclosed in accordance with accounting criteria, expressing such circumstance at the foot of the same with the following statement: "The explanatory notes accompanying this financial statement form an integral part of this financial statement".

Likewise, brokerage houses shall note at the foot of the basic consolidated financial statements referred to in this article, the name of the Internet page corresponding to the brokerage house itself or to the controlling company of the financial group to which it belongs, as applicable, and must also indicate the link through which they can directly access the financial information referred to in Article 180 of these provisions, as well as the CNBV site https://www.gob.mx/cnbv where such financial information, provided periodically to said Commission in compliance with the general provisions, can be consulted.

Article 178.- The basic consolidated financial statements with figures as of March, June, and September, shall be presented, within the month immediately following the date to which they correspond, for approval by the board of directors, accompanied by the necessary supporting complementary documentation, in order for said body to have sufficient elements to know and evaluate the most important operations determining the fundamental changes occurred during the corresponding period.

Regarding the basic consolidated annual financial statements, they shall be presented to said administrative body, within ninety (90) natural days following the end of the respective fiscal year."

"Article 180.- Brokerage houses must disseminate free of charge to users, through the Internet page corresponding to the brokerage house itself, the following information:

The audited basic consolidated annual financial statements with figures as of December of each year, including their notes, as well as the external audit report performed by the Independent External Auditor, within ninety (90) natural days following the end of the respective fiscal year.

II.

The basic consolidated financial statements with figures as of March, June, and September, within the month immediately following their date, including their notes which, considering relative materiality as a characteristic associated with relevance referred to in Financial Information Standard A-4 "Qualitative characteristics of financial statements", or the one that replaces it, of the Financial Information Standards issued by the Mexican Council for Financial Reporting Standards, A.C., must contain at minimum the following information:

The nature and amount of items in the statement of financial position and the statement of comprehensive income that have substantially modified their structure and have produced significant changes in the financial information of the interim period.

The main characteristics of the issuance or amortization of long-term debt, carried out during the interim period being reported.

c) and d)

. . .

The average interest rates of stock market liabilities and bank loans and loans from other entities identified by type of currency, terms, and guarantees. Likewise, significant changes in the main credit lines must be included in the notes, even if these have not been drawn upon.

The amount of investments in financial instruments, according to the business model of each brokerage house, as well as positions under repurchase agreements, by generic type of issuer, and by Securities that are restricted as collateral.

Reclassifications between categories of investments in financial instruments, as well as a description of the changes in the business model that gave rise to such reclassifications.

The nominal amounts of financial derivative instruments by type of instrument and by underlying.

Valuation results and, where applicable, from buying and selling, recognized in the reference period, classifying them according to the type of operation that gave rise to them, such as investments in financial instruments, repurchase agreements, securities lending, and financial derivative instruments, among others.

The amount and origin of the main items that, with respect to the net result of the reference period, make up the items of other income (expenses) from operations.

The amount of deferred income taxes and deferred employee profit sharing according to their origin.

The capitalization index, indicating assets weighted by credit, market, and operational risk.

Additionally, the result of dividing Fundamental Capital by total risk-weighted assets, as well as the basic part referred to in Article 162 Bis of these provisions, by total risk-weighted assets. The foregoing shall be expressed as a percentage rounded to the nearest hundredth of a percentage point.

The amount of Net Capital, identifying in the basic part

Fundamental Capital and Non-Fundamental Basic Capital, as well as the complementary part referred to in Article 162 Bis of these provisions.

The amount of total risk-weighted assets and their breakdown by credit risk, market risk, and operational risk.

The average market risk value in risk (VaR) of the period and the percentage it represents of its Net Capital at the end of the period, commonly known by its English acronym as VaR.

Any other information that the Commission determines to be relevant, in accordance with the Accounting Criteria.

III.

. . .

The disclosure of information that the Commission may have requested from the brokerage house in question, in the issuance or authorization, as applicable, of special accounting criteria or records based on the Accounting Criteria.

The financial indicators contained in Annex 6 of these provisions.

. . .

Brokerage houses, when disseminating through their Internet page the information referred to in this article, must maintain it in said medium for at least the following five quarters.

Brokerage houses may disseminate on their Internet page the unaudited consolidated statement of financial position and the unaudited consolidated statement of comprehensive income, provided that they have been approved by the board of directors and this circumstance is specified in the notes.

Such disclosure may be made until such time as the audited financial statements referred to in fraction I of Article 180 of these provisions are available.

Brokerage houses must also include in the basic financial statements subject to publication the explanatory notes referred to in Article 177 of these provisions and a general description of the results obtained in the evaluation of the sufficiency of their Net Capital with respect to the requirements for credit, market, and operational risks in the terms set forth in Article 173 Bis of the Law."

"Article 201 .-

. . .

Series R01

. . .

Series R03

. . .

Series R05

. . .

Series R07

. . .

Series R10

. . .

A-1011

Reclassifications in the statement of financial position

A-1012

Reclassifications in the statement of comprehensive income

Series R12

. . .

A-1219

Consolidation of the statement of financial position of the brokerage house with its subsidiaries

A-1220

Consolidation of the statement of comprehensive income of the brokerage house with its subsidiaries

Series R13

. . .

A-1311

Statement of changes in equity of the brokerage house

A-1316

. . .

B-1321

Statement of financial position of the brokerage house

B-1322

Statement of comprehensive income of the brokerage house

Series R14

. . .

Series R18

. . .

Article 202.- . . .

. . .

The information relating to series R01, R05, R07, R10, R12, R13, exclusively with respect to reports B-1321 and B-1322, R14 and R18, within twenty (20) natural days following their month-end date.

. . .

II.

. . .

The information relating to series R13, exclusively with respect to reports A-1311 and A-1316, shall be provided within twenty (20) natural days following their date.

III.

. . . "

"Article 216.- . . .

. . .

Statement of financial position and statement of comprehensive income;

b) to d)

. . .

II. and III.

. . .

. . . "

SECOND.- The "Resolution modifying the General Provisions applicable to Brokerage Houses", published in the Official Journal of the Federation on January 4, 2018"; the "Modifying Resolution of the Resolution modifying the General Provisions applicable to Brokerage Houses, published on January 4, 2018", published in said dissemination organ on November 15, 2018; the "Modifying Resolution of the Resolution modifying the General Provisions applicable to Brokerage Houses, published on January 4, 2018", published in the Official Journal of the Federation on November 4, 2019; and, the "Modifying Resolution of the Resolution modifying the General Provisions applicable to Brokerage Houses, published on January 4, 2018", published in said dissemination organ on November 9, 2020; are hereby ABROGATED; therefore, from the entry into force of this Resolution, only Annex 5 which is substituted in accordance with point FIRST of this Resolution will be applicable.

TRANSITORY CLAUSES

FIRST.- This Resolution shall enter into force on January 1, 2022.

SECOND.- In applying the Accounting Criteria contained in Annex 5 that are modified by this Resolution, brokerage houses may recognize on the initial application date, that is, January 1, 2022, the cumulative effect of the accounting changes derived from this Resolution. In any case, brokerage houses must disclose in notes to the financial statements the main changes in accounting regulations that affect or could significantly affect their financial statements, as well as the adoption mechanics and adjustments made in determining the initial effects of the application of the accounting criteria contained in this Resolution.

The basic consolidated quarterly and annual financial statements required of brokerage houses in accordance with these provisions corresponding to the period ended December 31, 2022, shall not be presented comparably with each quarter of the 2021 fiscal year and for the period ended December 31, 2021.

THIRD.- The effects derived from the application of the accounting criteria modified by this Resolution may be recognized by making the corresponding charges to equity within the result of prior periods.

FOURTH.- Upon the entry into force of this instrument, any reference to "balance sheet" or "income statement" contained in the General Provisions applicable to Brokerage Houses shall be understood to refer to the "statement of financial position" and the "statement of comprehensive income", respectively. In addition to the foregoing, references to the term "held-to-maturity securities" shall be understood to refer to those financial instruments to collect principal and interest that are considered Securities, understanding the latter term in accordance with the definition contained in the General Provisions applicable to Brokerage Houses.

The foregoing in consistency with the Accounting Criteria, contained in Annex 5 of the provisions referred to in the preceding paragraph.

FIFTH.- The regulatory reports A-0111 Minimum Catalog, A-0511 Accounts Receivable, B-0521 Disaggregated Accounts Receivable, A-0711 Deferred Taxes, A-1011 Reclassifications in the statement of financial position, A-1012 Reclassifications in the statement of comprehensive income, A-1219 Consolidation of the statement of financial position of the brokerage house with its subsidiaries, A-1220 Consolidation of the statement of comprehensive income of the brokerage house with its subsidiaries, B-1321 Statement of financial position, B-1322 Statement of comprehensive income, A-1413 Number of accounts, A-1414 Number of employees, A-1811 Other Accounts Payable, A-1821 Disaggregated Various Creditors and Other Accounts Payable, provided for in Article 202, fraction I, first paragraph, of the provisions referred to in this Resolution, corresponding to the information for the months of January, February, and March 2022, shall be sent to the National Banking and Securities Commission, on a one-time basis, within the first twenty (20) natural days of the month of April 2022.

Respectfully,

Mexico City, December 8, 2021. - President of the National Banking and Securities Commission, Dr. Jesús De la Fuente Rodríguez.- Signature.

ANNEX 5

CONTENT

SERIES A.

Criteria relating to the general scheme of accounting for brokerage houses

A - 1

Basic scheme of the set of accounting criteria applicable to brokerage houses

A - 2

Application of specific standards

A - 3

Application of general standards

A - 4

Supplementary application to accounting criteria

Series B.

Criteria relating to the concepts that make up the financial statements

B - 1

Cash and cash equivalents

B - 2

Repealed

B - 3

Repurchase agreements

B - 4

Securities lending

B - 5

Repealed

B - 6

Custody and administration of assets

B - 7

Trusts

Series C.

Criteria applicable to specific concepts

C - 1

Repealed

C - 2

Securitization operations

C - 3

Repealed

C - 4

Repealed

C - 5

Repealed

Series D.

Criteria relating to the basic financial statements

D - 1

Statement of financial position

D - 2

Statement of comprehensive income

D - 3

Statement of changes in equity

D - 4

Statement of cash flows

A-1 BASIC SCHEME OF THE SET OF ACCOUNTING CRITERIA APPLICABLE TO

BROKERAGE HOUSES

Objective

This criterion aims to define the basic scheme of the set of accounting guidelines applicable to brokerage houses (the entities).

Concepts composing the basic structure of accounting in the entities

The accounting of the entities shall comply with the basic structure defined, for the application of the Financial Reporting Standards (NIF), by the Mexican Council for Financial Reporting Standards, A.C. (CINIF), in NIF A-1 "Structure of financial reporting standards".

In virtue thereof, the entities shall consider in the first instance the standards contained in Series NIF A "Conceptual Framework", as well as what is established in criterion A-4 "Supplementary application to accounting criteria".

In such a way, the entities shall observe the accounting guidelines of the NIF, except when in the judgment of the National Banking and Securities Commission (CNBV) it is necessary to apply specific regulation or a specific accounting criterion, taking into consideration that the entities carry out specialized operations.

The CNBV regulation referred to in the preceding paragraph shall be at the level of recognition, valuation, presentation, and where applicable, disclosure standards, applicable to specific items within the financial statements of the entities, as well as those applicable to their preparation.

The application of accounting criteria, nor the concept of supplementarity, shall not proceed in the case of operations that by express legislation are not permitted or are prohibited, or which are not expressly authorized to the entities.

A-2 APPLICATION OF SPECIFIC STANDARDS

Objective and scope

This criterion aims to specify the application regarding the specific standards of the NIF, as well as clarifications thereto.

The subject matter of this criterion is:

the application of some of the specific standards made known in the NIF, and

the clarifications to the specific standards contained in the NIF.

Financial Reporting Standards

In accordance with what is established in criterion A-1 "Basic scheme of the set of accounting criteria applicable to brokerage houses", the entities shall observe, until there is an express pronouncement by the CNBV, the specific standards contained in the bulletins or NIFs detailed below, or in the NIFs that replace or modify them:

Series NIF B "Standards applicable to financial statements as a whole"

Accounting changes and corrections of errors ............................................................ .B-1

Segment reporting ............................................................................................. .B-5

Business combinations ................................................................................... .B-7

Consolidated or combined financial statements ........................................................ .B-8

Interim financial reporting .............................................................................................. .B-9

Effects of inflation .......................................................................................... B-10

Disposal of long-lived assets and discontinued operations ........................ ....B-11

Offsetting financial assets and financial liabilities .................................... .. ...... B-12

Subsequent events ............................................................................. B-13

Earnings per share .............................................................................................. B-14

Foreign currency translation ....................................................................... B-15

Fair value determination ......................................................................... B-17

Series NIF C "Standards applicable to specific concepts of financial statements"

Investment in financial instruments ........................................................................ C-2

Accounts receivable ............................................................................................. C-3

Prepayments .............................................................................................. C-5

Property, plant and equipment ................................................................................ C-6

Investments in associates, joint ventures and other permanent investments ................ C-7

Intangible assets .............................................................................................. C-8

Provisions, contingencies and commitments .............................................................. C-9

Derivative financial instruments and hedging relationships ....................................... C-10

Equity ................................................................................................. C-11

Financial instruments with characteristics of liability and equity ...... .................. ......... ....C-12

Related parties .......................................................................................... ......C-13

Transfer and derecognition of financial assets ............................................................... ..C-14

Impairment of long-lived assets .................................................. C-15

Impairment of receivable financial instruments ......................................................... C-16

Obligations associated with the retirement of property, plant and equipment ............................. C-18

Financial instruments payable ........................................................................... C-19

Financial instruments to collect principal and interest .......................................

...... ...C-20

Joint control agreements ..................................................................................................C-21

Series NIF D "Standards applicable to income determination problems"

Revenue from contracts with customers ........................................................................ ...D-1

Costs from contracts with customers ........................................................................... ..D-2

Employee benefits

.................................................................................. D-3

Income taxes ......................................................................................... D-4

Leases ................................................................................................. D-5

Capitalization of comprehensive income from financing ................................................ D-6

Share-based payments .................................................................................. D-8

Likewise, the glossary of terms of the NIF shall be applicable, with respect to the NIFs detailed in this

paragraph.

Additionally, the entities shall observe the NIFs issued by CINIF on topics not foreseen in the accounting criteria for brokerage houses, provided that:

they are in force;

they are not applied in advance of their effective date;

they do not contravene the philosophy and general concepts established in the accounting criteria for brokerage houses, and

there is no express pronouncement by the CNBV.

Clarifications to the specific standards contained in the NIFs

Taking into consideration that entities carry out specialized operations, it is necessary to establish clarifications that adapt the particular norms of recognition, valuation, presentation, and, where applicable, disclosure established by the CINIF. In virtue thereof, entities observing the provisions in the preceding paragraphs shall adjust to the following:

B-5 Segment Financial Information

Entities shall, where appropriate, segregate their activities according to the minimum segments, which are indicated below:

Proprietary Securities Operations. - Refers to the operations carried out by the entity on its own account such as investments in securities, repurchase agreements, securities lending, and derivatives. Considering their relative importance, repurchase agreements may be identified as an additional operating segment or sub-segment.
Investment Fund Operations. - Those in which entities act as operators or administrators of investment funds.
Client Account Operations. - Those through which the entity participates as an intermediary in the securities market, including custody and asset administration operations.
Financial Advisory Services. - Those through which the entity provides guidance to various entities regarding securities placement, composition of their financial structure (mergers, spin-offs), and share repurchase, among others.

B-9 Intermediate Date Financial Information

The provisions of NIF B-9 must be applicable to the financial information issued at intermediate dates, including the quarterly information that must be published or disseminated through the Internet page corresponding to the entity itself, under the terms of the General Provisions applicable to the financial information of brokerage houses published by the CNBV (the Provisions).

For the purposes of disclosing information issued at intermediate dates, entities must observe the provisions regarding the disclosure of financial information contained in criterion A-3 "Application of General Standards".

B-10 Effects of Inflation

Determination of Monetary Position

In the case of an inflationary environment based on what is stated in NIF B-10, entities must disclose the initial balance of the main monetary assets and liabilities used to determine the monetary position of the period, differentiating, where applicable, those that affect from those that do not affect the financial margin from intermediation.

Price Index

The entity must use the value of the Investment Unit (UDI) as the price index.

Result from Monetary Position

The result from monetary position (REPOMO) that has not been capitalized in terms of what is established in NIF B-10, must be presented in the statement of comprehensive income in a specific item within the financial margin from intermediation when it comes from items of financial margin from intermediation; otherwise, it will be presented within the item of other income (expenses) of the operation.

B-11 Disposal of Long-Lived Assets and Discontinued Operations

Entities must disclose the breakdown of the net amount generated by discontinued operations required in paragraph 60.1 a) of NIF B-11, as well as the amount of income from continuing operations and from discontinued operations attributable to the controlling interest referred to in paragraph 60.1 d) of the cited NIF, instead of presenting such information in the statement of comprehensive income.

B-15 Foreign Currency Conversion

In the application of NIF B-15, the exchange rate to be used to establish the equivalence of the national currency with the United States dollar shall be the closing daily exchange rate on the date of the transaction or preparation of the financial statements, as applicable, published by the Bank of Mexico on its Internet page, www.banxico.org.mx or the one that replaces it.

In the case of currencies other than the United States dollar, they must convert the respective currency to United States dollars. To carry out such conversion, they will consider the quotation that governs the corresponding currency in relation to the aforementioned dollar in international markets, as established by the Bank of Mexico in the applicable regulation.

Likewise, the amount of operations denominated in foreign currency by the most relevant currencies for the entity, as well as the exchange rate used and its equivalent in national currency, must be disclosed in notes to the financial statements, in accordance with what is stated in the two preceding paragraphs.

B-17 Determination of Fair Value

Entities, in the determination of fair value, shall consider the following:

a)
Regarding the financial instruments referred to in fractions I to III of article 174 of the Provisions, they will not apply what is established in this NIF, remaining at all times compliant with what is established in the Second Section of the First Chapter of the Sixth Title of the Provisions.

b)
Regarding financial instruments other than those indicated in the previous subsection, in addition to what is established in Section B of the Second Section of the First Chapter of the Sixth Title of the Provisions, they must consider what is established in NIF B-17.

Entities cannot classify as Level 1 the updated prices for valuation that they determine through the use of internal valuation models.

Additionally, they must make the following disclosures:

i)
The type of financial instrument to which an internal valuation model is applicable.

ii)
When the volume or level of activity has decreased significantly, they must explain the adjustments, if any, that have been applied to the updated price for valuation.

c)
In the case of assets or liabilities other than those indicated in the previous fractions, NIF B-17 must be applied when another particular NIF requires or allows fair value valuations and/or disclosures regarding the same.

C-2 Investment in Financial Instruments

The exception to irrevocably designate, upon initial recognition, a financial instrument to collect or sell, to be subsequently valued at its fair value with effects in the net income referred to in paragraph 32.6 of NIF C-2, will not be applicable to entities.

Reclassifications

Entities that carry out reclassifications of their investments in financial instruments under the authority of section 44 of NIF C-2, must inform this fact in writing to the CNBV within the 10 business days following the authorization issued for such purposes by the Entity's Risk Committee, detailing the change in the business model that justifies it.

C-3 Accounts Receivable

Scope

NIF C-3 will only be applicable to the "other accounts receivable" referred to in paragraph 20.1 of said NIF.

For the purposes of NIF C-3, accounts receivable derived from the operations referred to in the following shall not be included:

The criteria B-3 "Repurchase Agreements" and B-4 "Securities Lending", issued by the CNBV.
Paragraph 54 of this criterion, regarding accounts receivable arising from operating lease operations.

The foregoing, since the norms of recognition, valuation, presentation, and disclosure applicable are contemplated therein.

C-10 Derivative Financial Instruments and Hedging Relationships

In addition to the terms included in NIF C-10 and defined in the glossary contained in the NIFs, the following must be considered:

Synthetic Operations with Derivative Financial Instruments. - Operations where one or more derivative financial instruments participate and, in some cases, non-derivative assets or liabilities, forming together a specific position.

Spot Price. - Price or equivalent of the underlying, valid in terms established by regulations or conventions in the market from the date of operation. In the case of currencies, the spot price will be the exchange rate for valuation purposes referred to in paragraph 13 of this criterion.

Likewise, entities must observe the following criteria:

Structured Operations and Packages of Derivative Financial Instruments

Structured operations and packages of derivative financial instruments have the following characteristics:

a)
Structured Operations: In these operations, there is a main contract referring to non-derivative assets or liabilities (generally, bond issuances or other debt securities), and a derivative portion represented by one or more derivative financial instruments (generally options or swaps). The derivative portions of structured operations do not constitute embedded derivative financial instruments, but independent derivative financial instruments. Unlike synthetic operations with derivative financial instruments, structured operations must necessarily be covered under a single contract. To carry out hedging operations with structured instruments, entities will require prior express authorization from the CNBV.

b)
Packages of Derivative Financial Instruments: The derivative financial instruments interact with each other in a single operation, without any portion that does not meet all the characteristics of a derivative financial instrument.

Recognition and Valuation Norms for Derivative Financial Instruments

Entities in the recognition and valuation of derivative financial instruments must consider the following:

Packages of derivative financial instruments that trade in any recognized market as a single financial instrument will be recognized and valued jointly (that is, without disaggregating each derivative financial instrument individually), while packages of derivative financial instruments not traded in any recognized market will be recognized and valued disaggregated by each derivative financial instrument that constitutes said packages.

For the case of derivative financial instruments traded in recognized markets or exchanges, it will be considered that the rights and obligations related to them have expired when the risk position is closed, that is, when a derivative of a contrary nature of the same characteristics is effected in said market or exchange (for example, when a purchase future is contracted to cancel the effects of a sale future (issued) on the same underlying, with the same maturity date and generally under conditions that neutralize the gains or losses of one and the other).

Regarding derivative financial instruments not traded in recognized markets or exchanges, it will be considered that the rights and obligations related to them have expired when they reach maturity; the rights are exercised by one of the parties, or well, said rights are exercised in advance by the parties according to the conditions established in the same and the agreed counterpayments are settled.

Fair Value Hedging for Interest Rate Risk of a Portion of a Portfolio Composed of Financial Assets or Financial Liabilities

A portion of a portfolio of financial assets or financial liabilities that share the same risk to be covered, in the case of a portfolio covered for interest rate risk, can be considered a hedged item.

In this type of hedge, the hedged portion could be designated in terms of an amount of currency (for example, an amount in dollars, euros, or pounds) instead of individual assets (or liabilities). Although the portfolio could, for risk management purposes, include both financial assets and financial liabilities, the designated amount must be an amount of financial assets or financial liabilities. The designation of a net amount that includes financial assets and financial liabilities is not permitted. The entity may hedge a portion of the interest rate risk associated with said designated amount. For example, in the case of hedging a portfolio containing assets subject to prepayment, the entity could hedge the change in fair value that is attributable to changes in the hedged interest rate, considering the expected interest review dates and not the contractual dates. When the hedged portion is based on the expected interest review dates, the effect that changes in the hedged interest rate have on the expected review dates must be included in the determination of the change in the fair value of the hedged item. Consequently, if a portfolio containing instruments subject to prepayment is hedged with a derivative financial instrument not subject to prepayment, the hedge could be ineffective if there is a change in the expected prepayment dates corresponding to the items that make up the hedged portfolio, or the observed payment dates differ from those anticipated.

Only in this specific type of hedge, entities must comply with each and every one of the following conditions:

a)
At the beginning of the hedge, there must be a formal designation and sufficient documentation of the hedge relationship, as well as the entity's risk management objectives and strategy regarding the hedge. Such documentation must include the identification of the hedging instrument, the hedged item or transaction, the nature of the risk covered, and the manner in which the entity will evaluate the effectiveness of the hedging instrument to cancel the exposure to changes in the fair value of the hedged item attributable to the risk covered.

b)
The hedge must be highly effective (the actual effectiveness of the hedge must be in a range of 80-125 percent) in achieving the cancellation of changes in fair value attributable to the risk covered, consistent with the risk management strategy originally documented for the specific hedge relationship.

c)
The effectiveness of the hedge must be reliably measurable, that is, the fair value of the hedged item that is attributable to the risk covered and the fair value of the hedging instrument can be reliably valued.

d)
The hedge must be evaluated continuously (at least quarterly), maintaining high effectiveness throughout all periods in which the designation of the hedge relationship is shown in the entity's financial information.

The requirement referred to in paragraph 42.1.2 item b) of NIF C-10, can be fulfilled by presenting the adjustment to the book value of the hedged item by the gain or loss recognized in the period's results, either:

i) in a separate line item within the asset of the statement of financial position, during the interest review periods of the portfolio in which the hedged item is an asset,

ii) in a separate line item within the liability of the statement of financial position, during the interest review periods of the portfolio in which the hedged item is a liability.

The asset or liability line items reflected in the statement of financial position, mentioned above, must be amortized in the period's results. Amortization must begin as soon as the adjustment arises, and in no case after the hedged item ceases to be adjusted for changes in fair value attributable to the risk covered. The adjustment must be based on the recalculated effective interest rate on the date amortization begins. However, if it is not practical to effect amortization using the recalculated effective interest rate, the adjustment may be amortized using the straight-line method. The adjustment must be fully amortized by the maturity date of the hedged item in question, or at the moment of termination of the interest review period.

In this type of hedge, the entity will meet the hedge requirements if it observes the procedures detailed below:

a)
The entity will identify the portfolio of items, whose interest rate risk it wishes to cover, as part of the usual processes it follows for risk management. The portfolio may contain only assets, only liabilities, or a combination of assets and liabilities. The entity may identify two or more portfolios (for example, the entity could group its available-for-sale financial assets in a separate portfolio), in which case it will apply the following items to each of the portfolios separately.

b)
The entity will decompose the portfolio into interest review periods, based on the expected dates for the same, without taking into account the contractual ones. Such disaggregation can be done in several ways, including distributing cash flows between the periods in which they are expected to occur, or distributing the notional principal amounts across all periods until the moment the review is expected to occur.

c)
From this stratification, the entity will decide on the amount it wishes to cover. To this effect, it will designate as a hedged item an amount of assets or liabilities (but not a net amount) of the identified portfolio, which is equal to the amount it wishes to designate as covered. This amount also determines the percentage measure that will be used to prove effectiveness.

d)
The entity will designate the interest rate risk it is covering. This risk could consist of a portion of the interest rate risk of each of the items in the hedged portfolio, such as, for example, a reference interest rate.

e)
The entity will designate one or more hedging instruments for each interest review period.

f)
Using the designations made in the preceding items (c) to (e), the entity will evaluate, both at the beginning and in subsequent periods, whether it can be expected that the hedge will be highly effective throughout the interval for which it has been designated.

g)
Periodically, the entity will measure the change in the fair value of the hedged item (according to the designation made in item (c)) that is attributable to the risk covered (according to the designation made in item (d)) taking as a basis the expected interest review dates determined in item (b). Assuming that, using the effectiveness valuation method documented by the entity, it has been determined that in reality the hedge was highly effective, the entity will recognize the change in the fair value of the hedged item as a gain or loss in the period's results, as well as in one of the two lines corresponding to the items of the statement of financial position described in items i and ii referred to in this paragraph. It is not necessary that the change in fair value be distributed among individual assets or liabilities.

h)
The entity will measure the change in the fair value of the hedging instrument or instruments (according to the designation made in item (e)), and recognize it as a gain or a loss in the period's results. The fair value of the hedging instrument or instruments will be recognized as an asset or a liability in the statement of financial position.

i)
Any ineffectiveness will be recognized in results as the difference between the changes in fair values mentioned in items (g) and (h).

Presentation in the Statement of Financial Position

In the case of structured operations, the presentation of the portion or portions of the derivative financial instruments will be made separately from the corresponding one to the main contract, so the presentation guidelines will be followed according to the type or types of non-derivative financial assets (or financial liabilities), as well as derivative financial instruments incorporated in the structured operation.

For the case of packages of derivative financial instruments that trade in any recognized market as a single instrument, said package will be presented jointly (that is, without disaggregating each derivative financial instrument individually), in the item of derivative financial instruments (debit balance), or derivative financial instruments (credit balance), in the statement of financial position.

In the case of packages of derivative financial instruments not traded in any recognized market, the presentation of the same in the statement of financial position of entities will follow the guidelines established for each derivative financial instrument individually, in the item of derivative financial instruments (debit balance), or derivative financial instruments (credit balance), as applicable.

In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial assets or financial liabilities (and only in this specific type of hedge), the adjustment to the book value of the hedged item by the gain or loss recognized in the period's results, will be presented in the item of valuation adjustments for hedging of financial assets, or valuation adjustments for hedging of financial liabilities, as the case may be, immediately after the corresponding financial assets or financial liabilities.

Presentation in the Statement of Comprehensive Income

In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial assets or financial liabilities (and only in this specific type of hedge), the result from the valuation of the hedged item attributable to the risk covered must be presented, if identifiable, where the result from the valuation of each of the hedged items is presented. If it cannot be identified, said valuation effect must be presented in the item where the result from the valuation of the most relevant hedged item is presented in accordance with the provisions of the applicable accounting criteria (for example, if the portfolio of financial assets corresponds mostly to investments in securities, the valuation effect must be presented in the fair value valuation result).

C-13 Related Parties

For the purposes of complying with the disclosure norms contained in NIF C-13, entities must additionally consider as a related party:

members of the board of directors or executive board of the controlling company or of the financial entities and companies that are part of the financial group to which, if applicable, it belongs;

persons other than key management personnel, relevant executives, or employees whose signature can generate obligations for the entity;

legal entities in which the key management personnel or relevant executives of the entity are directors or administrators or occupy any of the first three hierarchical levels in said legal entities, and

legal entities in which any of the persons mentioned in the preceding subsections, as well as in NIF C-13, have command power, understood as the factual capacity to decisively influence the agreements adopted in shareholders' meetings or board of directors' sessions, or in the management, conduct, and execution of the business of the entity in question or of the legal entities it controls.

In addition to the disclosures required by NIF C-13, entities must disclose in aggregate, through notes to the financial statements, regarding related party transactions that may be carried out, the following information:

a generic description of the transactions, such as:

credits received,

transactions with financial instruments where the issuer and the holder are related parties,

repos,

securities lending,

derivative financial instruments,

hedging transactions,

those carried out through any person, trust, entity, or other legal figure, when the counterparty and source of payment for said transactions depend on a related party;

any other information necessary for the understanding of the transaction, and

the total amount of employee benefits granted to the key management personnel or relevant executives of the entity.

Disclosure of related party transactions is only required if they represent more than 1% of the total capital of the month prior to the date of preparation of the corresponding financial information. Total capital will be determined in accordance with the capital requirements established by the CNBV through the Provisions.

C-14 Transfer and derecognition of financial assets

Regarding the collateral received referred to in paragraph 44.7 of NIF C-14, the recipient must recognize the received collateral in off-balance sheet accounts. In cases where the recipient has the right to sell or pledge the collateral, the transferor must reclassify the asset in its statement of financial position, presenting it as restricted.

Recognition of financial assets

When the transfer results in the derecognition of the financial asset by the transferor, the recipient entity must recognize a financial asset (or portion thereof) or a group of financial assets (or portion of said group) in its statement of financial position, if and only if, it acquires the rights and contractual obligations related to said financial asset (or portion thereof). To do so, the entity must:

Recognize the financial assets received at their fair value, which presumably corresponds to the price agreed upon in the transfer transaction. Subsequently, said assets must be valued according to the corresponding criterion in accordance with their nature.

Recognize the new rights obtained or new obligations incurred as a result of the transfer, valued at their fair value.

Derecognize the consideration granted in the transaction at its net book value (for example, considering any associated estimate) and recognize in the results of the period any item pending amortization related to said consideration.

Recognize in the results of the period any difference, if any, arising from the transfer transaction.

C-16

Impairment of receivable financial instruments

Estimation of expected credit losses

Entities must create an estimate for their receivables that reflects their degree of uncollectability. This estimate must be obtained by applying what is set forth in section 42 of NIF C-16.

Regarding the operations with immediate collection documents not collected referred to in criterion B-1 "Cash and cash equivalents", 15 calendar days following the date on which they were transferred to the account that gave rise to them, they shall be classified as overdue debts and an estimate must be simultaneously established for the total amount thereof.

When the entity uses the practical solutions referred to in paragraph 42.6 of NIF C-16, the establishment of estimates must be for the total amount of the debt and must not exceed the following deadlines:

60 calendar days following their initial registration, when they correspond to unidentified debtors, and

90 calendar days following their initial registration, when they correspond to identified debtors.

An estimate of expected credit losses shall not be established for:

tax balances in favor,

and creditable value added tax.

C-19 Payable financial instruments

Scope

For the purposes of NIF C-19, liabilities related to the operations referred to in criteria B-3 and B-4 are not included, as these are contemplated in said criteria.

Exchange-listed liabilities

In addition to the disclosures required in NIF C-19 itself, the characteristics of the issuance of the credit titles issued must be disclosed in notes to the financial statements: amount; number of titles in circulation; par value; discount or premium; rights and form of redemption; guarantees; maturity; interest rate; effective interest rate; amount amortized of the discount or premium in results; amount of issuance expenses and other related expenses, and the proportion that the authorized amount bears to the issued amount.

Bank and other organism loans

Entities must disclose in notes to the financial statements the total amount of bank loans, as well as those from other organisms, indicating for both the type of currency, as well as the maturity terms, guarantees, and average weighted rates to which, if applicable, they are subject.

In the case of credit lines received by the entity in which not all the authorized amount is utilized, the unused portion of them shall not be presented in the statement of financial position. However, entities must disclose through notes to the financial statements the unused amount, adhering to what is established in criterion A-3 regarding the disclosure of financial information.

Initial recognition of a payable financial instrument

What is established in paragraph 41.1.1 item 4 of NIF C-19 regarding using the market rate as the effective interest rate in the valuation of the payable financial instrument when both rates are substantially different shall not be applicable.

Payable financial instruments valued at fair value

The exception to irrevocably designate at initial recognition a payable financial instrument to be subsequently valued at fair value with effect on net income referred to in section 42.2 of NIF C-19 shall not be applicable to entities.

C-20 Financial instruments to collect principal and interest

Initial recognition of a financial instrument to collect principal and interest

What is established in paragraph 41.1.1 item 4 of NIF C-20 regarding using the market rate as the effective interest rate in the valuation of the financial instrument to collect principal and interest when both rates are substantially different shall not be applicable.

Fair Value Option

The option to irrevocably designate at initial recognition a financial instrument to collect principal and interest, to be subsequently valued at fair value with effect on net income referred to in paragraph 41.3.4 of NIF C-20, shall not be applicable to entities.

Loans to officials and employees

Interest arising from loans to officials and employees shall be presented in the statement of comprehensive income under the item of other income (expenses) from operations.

D-3

Employee benefits

Notes to the financial statements must disclose the identification of obligations for employee benefits in: short-term direct benefits, long-term direct benefits, termination benefits, and post-employment benefits.

D-4 Income taxes

Regarding the disclosure required in NIF D-4 itself on the concepts of temporary differences, additionally, those differences related to the financial margin from intermediation and with the main operations of the entities must be disclosed.

D-5 Leases

Finance leases

For the purposes of what is established in paragraph 42.1.4 item c) and item d) of NIF D-5, it shall be understood that the lease term covers most of the economic life of the underlying asset if said lease covers at least 75% of its useful life. Likewise, the present value of lease payments is substantially all of the fair value of the underlying asset if said present value constitutes at least 90% of said fair value.

Operating leases

Accounting for the lessor

For the amount of amortizations that have not been settled within 30 calendar days following the payment due date, the lessor must create the corresponding estimate, suspending the accumulation of rents, keeping control in off-balance sheet accounts under the item of other registration accounts.

The lessor must present the receivable account in the item of other receivables in the statement of financial position, and the lease income in the item of other income (expenses) from operations in the statement of comprehensive income.

A-3 APPLICATION OF GENERAL STANDARDS

Objective and scope

This criterion aims to specify the establishment of general application standards that entities must observe.

The subject matter of this criterion is the establishment of general standards that must be considered in the recognition, valuation, presentation, and disclosure applicable for accounting criteria for brokerage houses.

Restricted assets

These are considered as such all assets regarding which there are circumstances under which they cannot be disposed of or used, and must remain in the same item from which they originated. Likewise, those assets resulting from transactions that do not settle on the same day, i.e., are received with a value date different from the transaction date, shall be considered part of this category. In the case of margin accounts that entities grant to the clearing house for transactions with derivative financial instruments carried out in recognized markets or exchanges, they must adhere to what is established in NIF C-10 "Derivative financial instruments and hedging relationships".

For this type of assets, this fact and their balance by type of operation must be disclosed in a note to the financial statements.

Goods promised for sale or with reservation of title

In cases where a promise of purchase or sale contract with reservation of title is entered into, the good must be recognized as restricted, according to the type of good in question, at the same book value it had on the date of signing said contract, even if a price higher than that has been agreed. Said good shall follow the same valuation, presentation, and disclosure standards, in accordance with the applicable accounting criteria corresponding to it.

Payments received on account of the good shall be recorded in liabilities as an advance payment.

On the date the good promised for sale or subject to purchase and sale with reservation of title is disposed of, the profit or loss generated shall be recognized in the results of the period as other income (expenses) from operations.

In the event that the contract is rescinded, the good shall cease to be recognized as restricted and those advance payments on which the entity can dispose or must settle in accordance with the conditions of the contract shall be recognized in the results of the period as other income (expenses) from operations, or as other payables, as appropriate.

Liquidation accounts

Regarding the active and passive operations carried out by entities, for example in matters of investments in financial instruments, repos, securities lending, and derivative financial instruments, once these reach their maturity and while the corresponding settlement is not received or delivered, as agreed in the respective contract, the amount of the operations due to be collected or paid shall be registered in liquidation accounts (debtors or creditors for settlement of operations).

Likewise, for operations in which immediate settlement or same-day value date is not agreed, including foreign exchange sales and purchases, on the transaction date, the amount to be collected or paid shall be registered in liquidation accounts, until its settlement is effected. The estimate of expected credit losses corresponding to the aforementioned amounts to be collected shall be determined in accordance with what is established in NIF C-16 "Impairment of receivable financial instruments".

For the purposes of the presentation of financial statements, liquidation accounts shall be presented under the item of other receivables (net) or other payables, as appropriate. The balance of debtor and creditor liquidation accounts may be offset in terms of what is established by the offsetting rules provided in NIF B-12 "Offsetting financial assets and financial liabilities".

Regarding the operations referred to in paragraph 10, the balance to be collected or paid must be disclosed for each type of operation from which they originate (currencies, investments in financial instruments, repos, etc.), specifying that these are operations agreed upon in which their settlement remains pending.

Various estimates and provisions

Estimates or provisions with undefined and/or unquantifiable purposes shall not be created, increased, or decreased against the results of the period.

In any case, entities must adhere to the regulation that the Commission issues regarding the determination of estimates or provisions.

Trusts

When entities acquire contribution certificates, fiduciary rights certificates, residual interests, or any other title, contract, or document that grants their holder participation in the possible excess or remainder that the trust or recipient may generate, it must be evaluated if such participation grants control, joint control, or significant influence in accordance with what is established in the corresponding NIFs. In any case, financial assets representing the residual participation of a securitization vehicle must be presented under the concept "Benefits on the remainder in securitization operations" under the item "Benefits to be received in securitization operations" in the statement of financial position.

Accrued interest

Accrued interest for the different asset or liability items shall be presented in the statement of financial position together with their corresponding principal.

Recognition or cancellation of assets and/or liabilities

The recognition or cancellation in the financial statements of assets and/or liabilities, including those resulting from foreign exchange sales and purchases, investments in financial instruments, repos, securities lending, derivative financial instruments, and issued titles, shall be carried out on the date the transaction is concluded, regardless of the settlement or delivery date of the good.

Disclosure of financial information

Regarding the disclosure of financial information, what is established in NIF A-7 "Presentation and disclosure" must be taken into account, regarding the fact that the responsibility for providing information about the economic entity rests with its administration, and said information must gather certain qualitative characteristics such as reliability, relevance, understandability, and comparability based on what is provided in NIF A-1 "Structure of financial reporting standards".

Entities, in compliance with the disclosure standards provided in these accounting criteria, must consider materiality in terms of NIF A-4 "Qualitative characteristics of financial statements", that is, they must show the most significant aspects of the entity recognized accounting-wise as stated by that characteristic associated with relevance.

The foregoing implies, among other elements, that materiality requires the exercise of professional judgment regarding the circumstances that determine the facts reflected in the financial information. In the same sense, an appropriate balance must be obtained between the qualitative characteristics of financial information in order to fulfill the objective of the financial statements, for which an optimal point must be sought rather than the achievement of maximum levels of all qualitative characteristics.

However, with regard to materiality, this shall not be applicable to information:

required by the CNBV through other general provisions issued for this purpose, different from those contained in these criteria;

additional specific required by the CNBV, related to its supervision activities, and

required through the issuance or authorization, if applicable, of special accounting criteria or records.

Disclosures related to the determination of fair value

Entities regarding the Current Price for Valuation provided by the price provider in the determination of fair value in accordance with the criterion or corresponding NIFs, must disclose, at a minimum, the following:

The level of the hierarchy of the current price for valuation (or fair value hierarchy) within which the determinations of fair value are classified, in accordance with the following:

Level 1, highest level, corresponding to prices obtained exclusively with Level 1 input data.

ii.

Level 2, prices obtained with Level 2 input data.

iii.

Level 3, lowest level, for those prices obtained with Level 3 input data.

In case there is any change in the valuation model, that change and the reasons for making it must be disclosed.

When there are changes from one period to another in the classification of the hierarchy of the current price for valuation regarding the same value or financial instrument:

The amounts of transfers between Level 1 and Level 2 of the hierarchy of the current price for valuation;

ii.

The amounts of transfers to or from Level 3 of the hierarchy of the current price for valuation.

For those current prices for valuation classified in Level 3:

A reconciliation of opening balances with closing balances, disclosing separately the changes during the period attributable to total gains or losses of the period recognized in net income and those recognized in other comprehensive income (OCI).

When there is a significant decrease in volume or level of activity in relation to the normal market activity for a certain value or financial instrument, or in the presence of disordered conditions, the adjustments that have been applied to the current price for valuation, if any, must be explained.

The name of the price provider, which, if applicable, provided the current price for valuation or the input data for its determination through internal valuation models.

Quantitative information must be disclosed in tabular format, unless another format is more appropriate.

Valuation of UDI

The value to be used shall be that made known by the Bank of Mexico in the DOF, applicable on the date of valuation.

A-4 SUPPLEMENTARY APPLICATION TO ACCOUNTING CRITERIA

Objective and scope

This criterion aims to specify the application of the standards contained in NIF A-8 "Supplementarity" issued by CINIF, considering that, when applying it, financial information is being prepared and presented in accordance with accounting criteria for brokerage houses.

Definition

For the purposes of the accounting criteria for brokerage houses, the supplementarity process applies when, in the absence of specific accounting standards issued by the CNBV in particular, and by CINIF in general, these are covered by a formal and recognized set of standards.

Concept of supplementarity and basic standard

In the absence of a specific accounting criterion of the CNBV for the entities, and secondarily for credit institutions, or in a broader context, of the NIFs, the bases for supplementarity provided in the aforementioned NIF A-8 shall be applied, together with what is provided in the provisions of this criterion.

Other supplementary regulation

Only in the event that the International Financial Reporting Standards (IFRS) referred to in NIF A-8 do not provide a solution to the accounting recognition, one may opt for a supplementary standard belonging to any other regulatory scheme, provided it meets all the requirements indicated in the cited NIF A-8 for a supplementary standard, as well as those provided in paragraph 6 of this criterion, and supplementarity must be applied in the following order:

Generally Accepted Accounting Principles (GAAP) definitive, applicable in the United States of America, and

any accounting standard that is part of a formal and recognized set of standards.

For the purposes of the preceding paragraph, it is considered that both official (authoritative) and non-official (nonauthoritative) sources form part of the GAAP applicable in the United States of America, in accordance with what is established in Topic 105 of the Codification of the Financial Accounting Standards Board (FASB), in

the following order:

Official sources: The Codification, the rules or interpretations of the Securities and Exchange Commission (SEC), the Staff Accounting Bulletins of the SEC staff, and SEC positions regarding the Consensus of the FASB Emerging Issues Task Force (EITF), and

Unofficial sources: widely recognized and predominant practices, either generally or in a specific industry, FASB Concepts Statements, documents of the American Institute of Certified Public Accountants (AICPA, Issues Papers), pronouncements of professional associations or regulatory agencies, and questions and answers of the Technical Information Service included in AICPA Technical Practice Aids.

Requirements of a supplementary standard and rules of supplementarity

In addition to what is established in the aforementioned NIF A-8, the standards that are applied supplementarily must comply with the following:

they cannot be applied in advance;

they must not contravene the philosophy and general concepts established in the accounting criteria applicable to brokerage houses;

the supplementarity process, if any, provided for within each of the standards used supplementarily will not be applicable, except when such supplementarity complies with the aforementioned subsections and has the authorization of this CNBV, and

the standards that have been applied in the supplementarity process will be replaced when a specific accounting criterion is issued by the CNBV or an NIF on the subject to which that process was applied.

Disclosure standards

Entities that follow the supplementary process set forth in this criterion must communicate in writing to the Vice Presidency of the CNBV responsible for their supervision within 10 natural days following their application, the accounting standard that has been adopted supplementarily, as well as its basis of application and the source used. Additionally, entities must disclose through notes to the financial statements, the information requested in the aforementioned NIF A-8 and the quantification of their impacts on the financial statements.

B -1 CASH AND CASH EQUIVALENTS

Objective and scope

This criterion aims to define the specific rules regarding the recognition, valuation, presentation, and disclosure in the financial statements of the items that make up the cash and cash equivalents item in the statement of financial position of entities.

Definitions

Cash. - It is legal tender and foreign currency in cash, as well as deposits in financial entities made in the country or abroad available for the operation of the entity; such as, funds in checking accounts, bank drafts, telegraphic or postal transfers, and remittances in transit.

Cash equivalents. - Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value; for example, the purchase of foreign exchange that is not considered a financial derivative instrument as established by the Bank of Mexico in the applicable regulation, as well as other cash equivalents such as immediate collection documents, coined precious metals, and highly liquid financial instruments.

High-liquidity financial instruments. -

Those securities whose availability is expected within a maximum of 48 hours from their acquisition, generate returns, and have insignificant risks of changes in their value.

Deposits in financial entities represented or invested in securities that do not meet the assumptions set forth in the two preceding paragraphs will be subject to NIF C-2 "Investment in financial instruments".

Recognition standards

Cash shall be recognized at its nominal value.

All cash equivalents, upon initial recognition, must be valued at their fair value.

The returns generated by cash and cash equivalents will be recognized in the results of the period as they accrue.

Immediate collection documents "firm" will be recognized as follows:

In the case of transactions with entities in the country, they must not contain unpaid items after 2 business days from the operation that gave rise to them, nor those that, having been deposited in banks, have been returned.

When they correspond to transactions with entities abroad, they must be recorded in cash and cash equivalents only if they are collectible within a maximum period of 5 business days.

When the documents mentioned in the previous paragraph have not been collected within the aforementioned periods (2 or 5 days, as applicable), the amount of these will be transferred to the item that gave rise to them, that is, if they come from various debtors, the provisions of NIF C-3 "Accounts receivable" or NIF C-20 "Financial instruments to collect principal and interest" shall be observed.

Immediate collection documents "subject to good collection", for transactions carried out with entities in the country or abroad, will be recorded in off-balance sheet accounts under the item of other registration accounts.

Foreign currencies acquired that are agreed to be settled on a date subsequent to the negotiation of the purchase-sale transaction will be recognized on that negotiation date as restricted cash and cash equivalents (foreign currencies to receive) while, sold currencies will be recorded as an outflow of cash and cash equivalents (foreign currencies to deliver). The counterparty must be a clearing, creditor, or debtor account, as applicable, in accordance with what is established in criterion A-3 "Application of general standards".

Valuation standards

Cash must be maintained valued at its nominal value, while cash equivalents must be valued at their fair value.

High-liquidity financial instruments must be valued based on what is established in the standards on financial instruments, according to the business model corresponding to each type of instrument.

The valuation of cash equivalents represented by coined precious metals will be carried out at their fair value, considering such to be the quotation applicable on the valuation date. In the case of coined precious metals that by their nature do not have a fair value, they will be recorded at their acquisition cost, understood as the amount of cash or its equivalent delivered in exchange for them.

Presentation standards

Statement of financial position

The item of cash and cash equivalents must be shown in the statement of financial position of entities as the first item that makes up the asset, including restricted cash and cash equivalents.

In the event that there is an overdraft in checking accounts reported in the account statement issued by the corresponding credit institution, the amount of the overdraft must be presented in the item of other accounts payable, even if other checking accounts with the same credit institution are maintained. Likewise, if the compensated balance of foreign currencies to receive with foreign currencies to deliver, or any concept that makes up the item of cash and cash equivalents, were to show a negative balance, such concept must be presented in the item of other accounts payable.

Statement of comprehensive income

The returns generated by deposits in financial entities, as well as the valuation effects of those constituted in foreign currency, will be presented in the statement of comprehensive income, as an interest income or expense, while the valuation and sale results of coined precious metals and foreign currencies will be grouped in the item of intermediation results, as referred to in criterion D-2 "Statement of comprehensive income".

Disclosure standards

The item of cash and cash equivalents will be disaggregated through notes to the financial statements including, as appropriate, cash, deposits in financial entities made in the country and abroad, and finally, other cash equivalents. Likewise, the following rules must be observed, as applicable:

When any item within the item has restrictions regarding availability or purpose to which it is destined, its amount, the reasons for its restriction, and the probable date on which it will expire must be disclosed.

In the event that the balance of cash and cash equivalents is presented in the liability, in terms of what is stated in paragraph 17, this fact and the causes that gave rise to it must be disclosed.

The existence of coined precious metals and cash and cash equivalents denominated in foreign currency must be disclosed, indicating their amount, type of currency involved, settlement term, quotations used for their conversion, and their equivalent in national currency.

Disclose the effect of subsequent events that, due to their importance, have substantially modified the valuation of cash and cash equivalents in foreign currency, in coined precious metals, and high-liquidity financial instruments, between the date of the financial statements and the date on which they are authorized for issuance, in accordance with NIF B-13 "Subsequent events after the date of the financial statements".

B-3 REPO OPERATIONS

Objective and scope

This criterion aims to define the specific rules regarding the recognition, valuation, presentation, and disclosure in the financial statements of repo operations.

Repo operations that, as applicable, entities carry out on behalf of third parties are contemplated in criterion B-6 "Custody and administration of assets".

The treatment of operations that, in accordance with what is established in NIF C-14 "Transfer and derecognition of financial assets", meet the requirements to derecognize the financial assets subject to it, in virtue that the risks, benefits, and control of said financial assets are transferred, is not the object of this criterion, therefore, what is established in NIF C-2 "Investment in financial instruments" must be attended to.

Definitions

Financial asset. - A right arising from a contract, which provides monetary economic resources to the entity. Therefore, it includes, among others:

Cash or cash equivalents;

financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party;

a contractual right to receive cash or any other financial instrument from another entity;

a contractual right to exchange financial assets or financial liabilities with a third party on favorable terms for the entity, or

a right that will be collected with a variable number of equity instruments issued by the entity itself.

Substantially similar financial assets. - Those financial assets that, among others, maintain the same primary obligor, identical form and type (therefore generating substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance.

Derecognition of financial assets. - Action by means of which a financial asset, previously recognized in the statement of financial position, ceases to be recognized.

Collateral. - Guarantee constituted to guarantee the payment of agreed counterpayments. For the purposes of repo operations, the collateral will at all times be those permitted in accordance with current regulation.

Counterpayments. - Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity, or other figure, equity instruments, derivative financial instruments, or any other type of asset obtained in a transfer of financial assets, including any obligation incurred. For the purposes of repo operations, the counterpayments will at all times be those permitted in accordance with current regulation.

Amortized cost. - For the purposes of this criterion, it is the present value of contractual cash flows to be received or paid on a financial instrument plus or minus transaction costs to be amortized, using the effective interest method and subtracting the estimate of expected credit losses.

Equity instruments. - Any document or title originating from a contract that evidences the participation or option to participate in the net assets of an entity.

Effective interest method. - It is used in the calculation of the amortized cost of a financial instrument and to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument.

Cash-oriented repo operations. - Transaction motivated by the need of the repo party (borrower) to obtain cash financing and the intention of the repo provider (lender) to invest its excess cash.

Securities-oriented repo operations. - Transaction motivated by the need of the repo provider (lender) to temporarily access certain specific financial instruments and the intention of the repo party (borrower) to increase the returns on its investments in financial instruments.

Fixed price at maturity. - It is that right or obligation, as applicable, represented by the agreed price plus the repo interest, agreed upon in the operation.

Agreed price. - Represents the right or obligation to receive or deliver resources, agreed at the beginning of the operation.

Repo party (borrower). - That entity that receives cash, through a repo operation in which it transfers financial assets as collateral, with the obligation to reintegrate to the repo provider at the end of the operation the cash and agreed repo interest.

Repo provider (lender). - That entity that delivers cash, through a repo operation, in which it receives financial assets as collateral, with the obligation to return them to the repo party at the end of the operation and receiving the cash plus the agreed repo interest.

Repo. - Operation by means of which the repo provider acquires for a sum of money the ownership of credit titles, and obligates itself to transfer to the repo party ownership of an equal number of titles of the same species, within the agreed term and against reimbursement of the same price plus a premium. The premium remains for the benefit of the repo provider, unless otherwise agreed.

Effective interest rate. - It is the rate that exactly discounts the estimated future cash flows to be collected or settled during the expected life of a financial instrument in the determination of the amortized cost of the financial asset or financial liability; its calculation must consider the contractual cash flows and the related transaction costs.

Repo rate. - It is the agreed rate with which the payment of interest for the use of cash in the repo operation is determined.

Fair value. - It is the exit price that, on the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Characteristics

Economic and legal substance of repo operations

Repo operations for legal purposes are considered as a sale, where an agreement to repurchase the transferred financial assets is established. Nevertheless, the economic substance of repo operations is that of a collateralized financing, where the repo provider delivers cash as financing, in exchange for obtaining financial assets that serve as protection in case of default.

In this regard, the financial assets granted as collateral by the repo party, which do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits, and control of them; that is, if there were any change in the fair value, accrual of interest, or dividends were declared on the financial assets granted as collateral, the repo party is exposed, and therefore recognizes, such effects in its financial statements.

In contrast, those operations where economically the repo provider acquires the risks, benefits, and control of the transferred financial assets cannot be considered as repo operations, being subject to NIF C-2.

Difference with respect to securities lending

Additionally, although the legal scheme of repo operations differs from that established for securities lending referred to in criterion B-4 "Securities lending", since repo operations provide for the commitment to reacquire the financial asset subject to the operation at the fixed price at maturity, while securities lending does not consider the reacquisition of the same, since the risks, benefits, nor control are not substantially transferred, but the return of the financial asset to the lender; the accounting treatment is similar, in virtue that both operations imply the temporary transfer of financial assets in exchange for cash or other collateral.

For the aforementioned reasons and in consistency with the basic postulates referred to in NIF A-2 "Basic postulates", the economic substance must prevail over the legal form for the accounting treatment of repo or securities lending operations, which is similar in both operations.

Intentionality of repo operations

In repo operations, there are generally two types of intentions, either of the repo party or the repo provider: "cash-oriented" or "securities-oriented".

In a "cash-oriented" repo, the intention of the repo party entity is to obtain cash financing, using financial assets as collateral for this purpose; on the other hand, the repo provider obtains a return on its investment at a certain rate and, not seeking any specific value, receives financial assets as collateral to mitigate the credit risk exposure it faces regarding the repo party.

In this sense, the repo party pays the repo provider interest on the cash received as financing, calculated based on the agreed repo rate (which is usually lower than the rate existing in the market for financing without collateral in place). On the other hand, the repo provider achieves returns on its investment whose payment is secured through the collateral.

In a "securities-oriented" repo, the intention of the repo provider is to temporarily access certain specific values possessed by the repo party (for example, if the repo provider, through a previous repo operation in which it acts as the repo party, contracted a commitment on a value similar to the object of the new operation), providing cash as collateral, which serves to mitigate the exposure to risk faced by the repo party regarding the repo provider.

In this regard, the repo party pays the repo provider the agreed interest at the repo rate for the implicit financing obtained on the cash it received, where said repo rate is generally lower than what would have been agreed in a "cash-oriented" repo.

In repo operations, an agreed price is usually agreed whose value is above or below the cash exchanged, so the difference between the cash exchanged and the agreed price is intended to protect the counterparty that is exposed to the risks of the operation (for example, against market risk). If the operation is "cash-oriented", the repo party generally grants financial assets as guarantee at an agreed price lower than the market value, so its fair value is higher with respect to the cash received; in contrast, if it is "securities-oriented", the repo provider will generally receive titles as guarantee at an agreed price higher than the market value, so its fair value is below the cash granted.

The delivery of collateral can occur at the beginning of the operation or during the life of the repo regarding variations in the fair value of the granted collateral.

Considering all the above, nevertheless, the economic intention, the accounting treatment of "cash-oriented" or "securities-oriented" repo operations is the same.

Recognition and valuation standards

Repo party (borrower)

On the date of contracting the repo operation, acting as the repo party, the entity must recognize the entry of cash or cash equivalents or a debtor clearing account, as well as an account payable initially measured at the agreed price, which represents the obligation to restore said cash to the repo provider.

Throughout the life of the repo, the account payable referred to in the previous paragraph will be valued at its amortized cost by recognizing the repo interest in the results of the period as it accrues, in accordance with the effective interest method, affecting said account payable.

With respect to the financial assets transferred to the repo provider, what is provided in the section of Collateral granted and received other than cash of this criterion must be attended to.

Repo provider (lender)

On the date of contracting the repo operation, acting as the repo provider, the entity must recognize the outflow of cash and cash equivalents or a creditor clearing account, registering an account receivable initially measured at the agreed price, which represents the right to recover the cash delivered.

During the life of the repo, the account receivable referred to in the previous paragraph will be valued at its amortized cost, by recognizing the repo interest in the results of the period as it accrues, in accordance with the effective interest method, affecting said account receivable.

The financial assets that the repo provider has received as collateral must be treated

conforme to what is established in the following section.

Collateral granted and received other than cash

Regarding the collateral granted by the borrower to the lender (other than cash), it shall be recognized as follows:

The lender shall recognize the collateral received in off-balance sheet accounts, following for its valuation the standards related to custody operations of criterion B-6.

The borrower shall reclassify the financial asset in its statement of financial position, presenting it as restricted, in accordance with what is established in criterion A-3 "Application of general standards", for which it will follow the valuation, presentation and disclosure standards in accordance with the accounting criterion for brokerage houses that corresponds.

The lender, when selling the collateral or pledging it, shall recognize the resources derived from the transaction, as well as an account payable for the obligation to return the collateral to the borrower (initially measured at the agreed price) which shall be valued, in the case of sale, at its fair value or, in the event that it is pledged in another repurchase operation, at its amortized cost (any difference between the price received and the value of the account payable shall be recognized in the results of the period).

In the event that the borrower fails to comply with the conditions established in the contract, and therefore cannot claim the collateral, it shall derecognize it from its statement of financial position (since the risks, benefits and control are substantially transferred at that moment, in terms of what is established in NIF C-14) at its fair value against the account payable referred to in paragraph 35,

For its part, the lender shall recognize in its statement of financial position the entry of the collateral, as established in the accounting criteria for brokerage houses, according to the type of asset in question, against the account receivable referred to in paragraph 38, or in its case, if it had previously sold the collateral it shall derecognize the account payable referred to in subsection b), relating to the obligation to return the collateral to the borrower.

The borrower shall maintain the collateral in its statement of financial position and the lender shall not recognize it in its financial statements but only in off-balance sheet accounts, with the exception of what is established in the previous subsection c), that is, when the risks, benefits and control of the collateral have been transferred due to the default of the borrower.

The off-balance sheet accounts recognized for collateral received by the lender shall be cancelled when the repurchase operation reaches its maturity or there is default by the borrower.

Likewise, in the case where the lender becomes a borrower itself by arranging another repurchase operation with the same collateral received as security for the initial operation, the interest on the repurchase agreed in the second operation shall be recognized in the results of the period as it accrues, in accordance with the effective interest method, affecting the account payable valued at amortized cost referred to in subsection b) of paragraph 41.

In the case of operations where the lender sells, or in turn, delivers as collateral the collateral received (for example, when another repurchase operation or securities lending is agreed), it shall keep in off-balance sheet accounts the control of said collateral sold or pledged, following for its valuation the standards related to custody operations of criterion B-6.

The off-balance sheet accounts recognized for collateral received that have in turn been sold or pledged by the lender shall be cancelled when the entity acquires the sold collateral to return it to the borrower, or when the second operation in which the collateral was pledged reaches its maturity, or there is default by the counterparty.

Presentation standards

Statement of financial position

The account receivable or payable, which represents the right or obligation to receive or return cash, as appropriate, as well as accrued interest shall be presented within the statement of financial position, under the item of debtors for repurchase or creditors for repurchase, as appropriate.

The collateral delivered by the borrower shall be presented as restricted according to the type of financial assets involved; while the lender will present it in off-balance sheet accounts under the item of collateral received by the entity.

The account payable referred to in subsection b) of paragraph 41, which represents the obligation of the lender to return to the borrower the collateral that it had sold or pledged, shall be presented within the statement of financial position, under the item of collateral sold or pledged.

The off-balance sheet accounts referred to in paragraph 43, regarding those collateral received by the lender that have in turn been sold or pledged (for example, other repurchase operations and securities lending), shall be presented under the item of collateral received and sold or delivered as collateral by the entity.

Statement of comprehensive income

The accrual of interest on repurchase derived from the operation, as well as that referred to in paragraph 42, shall be presented under the item of income or expenses for interest, as appropriate.

The difference referred to in subsection b) of paragraph 41 that, in its case, had been generated by the sale shall be presented under the item of profit or loss on sale, as appropriate.

The fair value measurement of the account payable referred to in subsection b) of paragraph 41, which represents the obligation of the lender to return to the borrower the collateral that it had sold, shall be presented under the item of result by valuation of financial instruments at fair value.

Offsetting of financial assets and liabilities

Since restricted financial assets continue to be recognized in the statement of financial position based on the guidelines of this criterion, such assets and the associated liabilities shall not be offset against each other. Likewise, the entity shall not offset the income from the restricted financial asset with the costs and/or expenses incurred by the associated liability.

For the purposes of offsetting between financial assets and liabilities acting as a lender, the provisions of NIF B-12 "Offsetting of financial assets and financial liabilities" shall be observed.

Disclosure standards

Entities shall disclose through notes to the financial statements, the information corresponding to repurchase operations in the following manner:

total amount of operations carried out;

amount of repurchase interest recognized in the results of the period as income or expenses, as appropriate;

average terms in the contracting of outstanding repurchase operations;

type and total amount by type of asset of the collateral both delivered and received;

of the collateral received and in turn sold or pledged, the total amount by type of asset, and

the agreed rate of relevant operations.

Appendix A is normative. Its content illustrates the application of criterion B-3, with the purpose of helping to better understand its meaning.

Appendix A

Examples of application of the principles of non-derecognition from the statement of financial position

If a contract establishes that the financial asset (collateral) will be reacquired at a fixed price or at the sale price plus the normal profit that the entity delivering the collateral has obtained, the above constitutes a repurchase operation, and therefore, said financial asset should not be derecognized from the statement of financial position, since the party delivering the collateral retains substantially all the risks and benefits inherent to the ownership of the financial asset.

If a contract establishes that the same financial asset (collateral) or another substantially similar one will be reacquired, at a fixed price or at a sale price plus the normal profit that the party delivering the collateral has obtained, which constitutes a repurchase operation, and therefore, said asset should not be derecognized from the statement of financial position since the entity delivering the collateral retains substantially all the risks and benefits inherent to the ownership of the financial asset.

If a contract at a fixed repurchase price or equal to the sale price plus the normal profit that the party delivering the collateral has obtained, grants the party receiving said collateral the right to substitute the financial assets with others substantially similar and of fair value equivalent to that of the reported asset at the repurchase date, such operation constitutes a repurchase, and therefore, the asset subject to repurchase, should not be derecognized in the statement of financial position, since the borrower retains substantially all the risks and benefits inherent to the ownership of the financial asset.

If an entity sells a financial asset and retains only the right of priority to reacquire the transferred asset at its fair value in the event that the acquirer subsequently sells it, such operation does not constitute a repurchase operation and the entity must derecognize the financial asset from the statement of financial position, in virtue of having substantially transferred all the risks and benefits inherent to ownership.

B-4 SECURITIES LENDING

Objective and scope

The purpose of this criterion is to define the particular standards related to the recognition, valuation, presentation and disclosure in the financial statements, of securities lending operations carried out by entities acting on their own account.

Securities lending operations carried out by entities on behalf of third parties are contemplated in criterion B-6 "Custody and administration of assets".

The treatment of operations that, in accordance with what is established in NIF C-14 "Transfer and derecognition of financial assets", meet the requirements to derecognize the financial assets subject to the same, in virtue that the risks, benefits and control of said financial assets are transferred, is not the object of this criterion, therefore it must comply with what is established in NIF C-2 "Investment in financial instruments".

Definitions

Financial asset.- Right arising from a contract, which grants monetary economic resources to the entity. Therefore, it includes, among others:

cash or cash equivalents;

financial instruments generated by a contract, such as an investment in debt or equity instruments issued by a third party;

a contractual right to receive cash or any financial instrument from another entity;

a contractual right to exchange financial assets or financial liabilities with a third party on favorable conditions for the entity, or

a right that will be collected with a variable number of equity instruments issued by the entity itself.

Substantially similar financial assets.- Those financial assets that, among others, maintain the same primary obligor, identical form and type (which generates substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance.

Derecognition of financial assets.-

Action by means of which an asset, previously recognized in the statement of financial position, ceases to be recognized.

Collateral.- Guarantee constituted to guarantee the payment of the agreed counterpayments. For the purposes of securities lending operations, the collateral will at all times be those permitted in accordance with current regulation.

Counterpayments.- Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity or other figure, equity instruments, derivative financial instruments, or any other type of asset that is obtained in a transfer of financial assets, including any obligation incurred. For the purposes of securities lending operations, the counterpayments will at all times be those permitted in accordance with current regulation.

Amortized cost.- It is the present value of contractual cash flows to be received or to be paid for a financial instrument plus or minus the transaction costs to be amortized, using the effective interest method and subtracting the estimate for expected credit losses.

Equity instruments.- Any document or title originating from a contract that evidences the participation or the option to participate in the net assets of an entity.

Effective interest method.- It is the one used in the calculation of the amortized cost of a financial instrument and to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument.

Premium.- It is the payment made by the borrower to the lender for the loan of its securities.

Lender.- It is that entity that transfers securities to the borrower receiving as collateral financial assets.

Securities lending.- It is that operation in which the transfer of securities from the lender to the borrower is agreed, with the obligation to return such securities or others substantially similar on a certain date or at request, while the borrower grants the lender a collateral.

Borrower.- It is that entity that receives securities from the lender granting as collateral financial assets.

Effective interest rate.- It is the rate that exactly discounts the estimated future cash flows that will be collected or settled during the expected life of a financial instrument in the determination of the amortized cost of the financial asset or financial liability; its calculation must consider the contractual cash flows and the related transaction costs.

Fair value.- It is the exit price that, at the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Securities subject to the loan.- Those equity instruments or securities susceptible of being negotiated in lending in accordance with the respective regulation.

Characteristics

Economic and legal substance of securities lending operations

Securities lending operations for legal purposes are considered as a sale, where an agreement is established to return on a set date the securities subject to the operation. Nevertheless, the economic substance of securities lending operations consists of the borrower being able to temporarily access certain types of securities where the collateral serves to mitigate the risk exposure that the lender faces with respect to the borrower.

It is possible that, in securities lending operations, the borrower guarantees the lender for the return of the securities subject to the operation, through cash resources deposited in a trust. These resources are outside the reach of the lender and can only be made effective when the guarantee is executed in case of default. For the above, the cash granted as collateral is restricted in the borrower's statement of financial position, while the lender should not recognize it (more than in off-balance sheet accounts).

To this extent, the securities subject to the operation transferred by the lender (or the financial assets granted as collateral by the borrower), which do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits and control of the securities subject to the operation (or of the financial assets). For example, if there were any change in fair value, accrual of interest or dividends were declared on the securities (or financial assets granted as collateral), the lender (or borrower) will be the one to recognize said effects in its financial statements.

Therefore, those operations where economically the borrower (or lender) acquires the risks, benefits and control of the securities (or financial assets) transferred cannot be considered as securities lending operations, being subject to NIF C-2.

Difference with respect to repurchase operations

Additionally, although the legal scheme of securities lending differs from that established for repurchase operations referred to in criterion B-3 "Repurchase agreements", since securities lending operations do not consider the reacquisition of the financial asset subject to the operation, since the risks, benefits, nor control are not substantially transferred, but the return of the same to the lender, while repurchase operations provide for the commitment to reacquire said financial asset at the fixed maturity price, the accounting treatment is similar, in virtue that both operations imply the temporary transfer of financial assets in exchange for collateral.

For the aforementioned and in consistency with the basic postulates referred to in NIF A-2 "Basic postulates", the economic substance must prevail over the legal form for the accounting treatment of repurchase or securities lending operations, which is similar in both operations.

Intention of securities lending operations

As previously mentioned, the intention of agreeing a securities lending operation is that the borrower temporarily accesses certain types of specific securities that the lender possesses, granting as collateral financial assets, which serves to mitigate the risk exposure that the lender faces with respect to the borrower.

To this extent, in the securities lending operation, the borrower will pay the lender a premium for the loan of the security subject to the operation.

In securities lending operations, a collateral is agreed whose value is usually above the value of the subject of the operation.

The delivery of collateral can occur at the beginning of the operation or during the life of the securities lending with respect to variations in the fair value of the granted collateral.

Recognition and valuation standards

Lender

On the date of contracting the securities lending operation acting as the lender, with respect to the value of the loan subject transferred to the borrower, it shall recognize it as restricted, in accordance with what is established in criterion A-3 "Application of general standards", for which it will follow the valuation, presentation and disclosure standards in accordance with the accounting criterion for brokerage houses that corresponds.

The amount of accrued premium shall be recognized in the results of the period, through the effective interest method during the validity of the operation, against an account receivable.

Regarding the financial assets received as collateral (including cash administered in trust), they shall be recognized in off-balance sheet accounts, following for its valuation the standards related to custody operations of criterion B-6.

In the event that the lender, prior to the maturity of the securities lending operation and without default by the borrower of the conditions established in the contract, sells the received collateral, it shall recognize the entry of the resources derived from the sale, as well as an account payable for the obligation to return said collateral to the borrower (initially measured at the agreed price) which shall be valued at fair value. The above, with the exception that the collateral is delivered as security in a repurchase operation, for which the provisions of criterion B-3 shall be attended.

If the borrower fails to comply with the conditions established in the contract, the lender shall recognize the entry of the collateral, as established in the accounting criteria for brokerage houses, according to the type of asset in question, as well as derecognize the value subject to the operation that had previously been restricted, or in its case, if it had previously sold the collateral it shall derecognize the account payable referred to in the previous paragraph, which represents the obligation to return the collateral to the borrower.

The lender shall maintain in its statement of financial position the value subject to the operation and the borrower shall not recognize it in its financial statements, but only in off-balance sheet accounts, with the exception of what is established in the previous paragraph, where the risks, benefits and control of the collateral have been transferred due to the default of the borrower.

The off-balance sheet accounts recognized for the financial assets received as collateral by the lender shall be cancelled when the securities lending operation reaches its maturity or there is default by the borrower.

In the case of securities lending where the value subject to the operation granted by the lender comes from collateral received in other transactions (for example, a repurchase or another securities lending), the control of said collateral shall be kept in off-balance sheet accounts.

The off-balance sheet accounts referred to in the previous paragraph shall be cancelled when the operation in which the collateral was pledged reaches its maturity or there is default by the borrower.

Borrower

On the date of contracting the securities lending operation, acting as the borrower entity with respect to the value subject to the loan received, said value shall be recognized in off-balance sheet accounts, following for its valuation the standards related to custody operations of criterion B-6.

The amount of accrued premium shall be recognized in the results of the period, through the effective interest method during the validity of the operation, against an account payable.

Regarding the financial assets delivered as collateral, they shall be recognized as restricted (including cash administered in trust), in accordance with what is established in criterion A-3, which will follow the valuation, presentation and disclosure standards in accordance with the accounting criterion for brokerage houses that corresponds.

On the date the borrower sells the asset subject to the operation, it must recognize the inflow of resources from the sale, as well as a payable account for the obligation to return said asset to the lender (initially measured at the agreed price) which shall be valued at fair value. The foregoing, with the exception that the asset subject to the operation is delivered as collateral in a repo operation, for which the provisions of criterion B-3 shall apply.

If the borrower fails to comply with the conditions established in the contract, and therefore cannot claim the financial assets delivered as collateral, it must derecognize them from its statement of financial position (since the risks, benefits, and control are substantially transferred at that moment, in terms of what is established in NIF C-14) at their fair value, against the payable account referred to in the previous paragraph, which represents the obligation to return the asset subject to the operation to the lender.

The borrower must maintain the delivered collateral in its statement of financial position, and the lender must not recognize it in its financial statements, but only in off-balance-sheet accounts, with the exception of what is established in the previous paragraph, that is, when the risks, benefits, and control of the collateral have been transferred due to the borrower's default.

The off-balance-sheet accounts recognized for the assets subject to the operation, received by the borrower, must be cancelled when the securities lending operation reaches maturity.

In the case of securities lending where the financial assets provided as collateral by the borrower come from collateral received in other transactions (for example, a repo or another securities lending), control of said collateral must be maintained in off-balance-sheet accounts.

The off-balance-sheet accounts referred to in the previous paragraph must be cancelled when the operation in which the collateral was given as guarantee reaches maturity.

Presentation Standards

Statement of Financial Position

The asset subject to the operation, as well as the delivered collateral, must be presented as restricted, by the lender or borrower, as appropriate, according to the type of financial assets involved.

The asset subject to the operation received by the borrower, as well as the collateral received by the lender, will be presented in off-balance-sheet accounts under the item of collateral received by the entity.

The premium receivable or payable will be presented under the item of securities lending of the asset or liability, as appropriate.

The payable account representing the obligation of the borrower (or lender) to return the asset subject to the operation (or collateral) to the lender (or borrower) must be presented within the statement of financial position, under the item of sold or pledged collateral.

The off-balance-sheet accounts referred to in paragraphs 36 and 45 will be presented under the item of collateral received and sold or pledged by the entity.

Statement of Comprehensive Income

The accrual of the premium recognized in the results of the period will be presented under the item of interest income or expenses, as appropriate.

The difference between the price received and the fair value of the asset subject to the operation or the collateral received, if any, existing at the time of sale, will be presented under the item of gain or loss on sale, as appropriate.

The fair value measurement of the payable account representing the obligation to return the asset subject to the operation or the collateral received, as appropriate, will be presented under the item of valuation result of financial instruments at fair value.

Offsetting of Financial Assets and Liabilities

Since the restricted financial assets continue to be recognized in the statement of financial position based on the guidelines of this criterion, such assets and the associated liabilities shall not be offset against each other. Likewise, the entity shall not offset the income from the transferred financial asset with the costs and/or expenses incurred by the associated liability.

Disclosure Standards

Entities must disclose through notes to the financial statements, the information corresponding to securities lending operations in the following manner:

total amount of operations carried out;

description of ongoing operations, detailing the characteristics that identify it as a securities lending operation;

amount of premiums recognized in the results of the period as income or expenses, as appropriate;

average terms in the contracting of securities lending operations;

regarding the assets subject to ongoing securities lending operations, delivered or received, total amount, by type of security, on which the right of sale or pledge was exercised;

type and total amount by type of asset for both delivered and received collateral, and

for collateral received and subsequently sold or pledged, the total amount, by type of asset.

B-6 CUSTODY AND ADMINISTRATION OF ASSETS

Objective and Scope

The present criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of custody and administration of assets operations carried out by entities.

Among the administration operations that are the subject of this criterion, operations carried out by entities on behalf of third parties are included, such as the purchase and sale of financial instruments (securities) and derivative financial instruments, repos, and securities lending.

The following are not included within this criterion:

custody of assets that by their nature or by contractual agreement do not grant the responsibility of safeguarding to the entities, and

trust operations.

Definitions

Assets in custody or administration. - Cash, cash equivalents, or financial instruments owned by third parties delivered to the entity for their safeguard or administration.

Acquisition cost. - The amount paid in cash or cash equivalents, or the fair value of the consideration delivered for an asset or service at the time of its acquisition.

Administration operations. - Those carried out by the entity, in which it provides administrative services and exercise of rights over certain assets, receiving, if applicable, a commission as consideration.

Custody operations. - Those carried out by the entity, for which it is responsible for the safeguard of cash, cash equivalents, or financial instruments delivered to its facilities or to whom it has subcontracted the service, receiving a commission for this.

Fair value. - The exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Characteristics

Cash, cash equivalents, or financial instruments may be the subject of custody, administration, or a combination of both operations. In the case of financial instruments owned by third parties, these may be sold, administered, or transferred in accordance with the conditions agreed in the contract.

By the essence of this type of operations, assets in custody or administration are not subject to recognition by the entities:

since the entities do not acquire the rights and contractual obligations related to the financial assets in custody or administration, and

in the case of non-financial assets, NIF A-5 "Basic Elements of Financial Statements", since the definition of "asset" contained in said standard is not met.

Nevertheless, the entity is responsible for the assets in custody or administration, and therefore assumes a risk in the event of their loss or damage.

In addition, among the administration services that the entity may provide, are the operations of administration, sale, and transfer of assets in custody or administration that are carried out in accordance with the prior instruction of its clients. These operations include client deposits, financial instruments (securities), repo, securities lending, and derivative financial instruments.

Recognition and Valuation Standards

Since the assets subject to this criterion do not represent assets of the entities, they must not be part of the rights and obligations recognized in their statement of financial position. However, the estimated amount for which the entity would be liable to its clients for any future contingency must be recognized in off-balance-sheet accounts.

Income derived from custody or administration services will be recognized in the results of the period in accordance with what is established in NIF D-1 "Revenue from Contracts with Customers".

In the event that the entity has an obligation to the depositor for the loss or damage of the asset in custody or administration, the liability will be recognized in the entity's statement of financial position against the results of the period. The accounting recognition referred to in this paragraph will be carried out at the moment the entity becomes aware of such situation, regardless of any legal action by the depositor aimed at repairing the loss or damage.

Custody Operations

The determination of the valuation of the estimated amount for assets in custody, relating to financial instruments, must be made at their fair value, in accordance with what is established in NIF C-2 "Investment in Financial Instruments".

In the event that assets in custody are also held in administration, they must be controlled in off-balance-sheet accounts, separately from those assets received in custody.

Administration Operations

The determination of the valuation of the estimated amount for assets in administration and operations on behalf of clients will be carried out based on the operation carried out in accordance with the accounting criteria for brokerage houses. Among the various types of operations, the following are included:

Client Deposits

Client deposits in cash must be controlled in off-balance-sheet accounts separately from those securities received in custody. The valuation will be equivalent to the amount of cash received.

Likewise, collections made for concepts related to operations with client financial instruments, such as premiums for securities lending, dividends, and interest, must be recognized.

Investments in Financial Instruments, Repos, and Securities Lending

For those operations of investments in financial instruments carried out by entities on behalf of third parties, they must be controlled in off-balance-sheet accounts and the securities received will be valued at their fair value in accordance with what is established in NIF C-2.

In the case of repo operations carried out by entities on behalf of third parties, they must be controlled in off-balance-sheet accounts and the amount of the financings (including accrued repo interest), as well as the associated collateral, will be valued in accordance with what is stated in criterion B-3 "Repos".

In the case of securities lending operations carried out by entities on behalf of third parties, they must be controlled in off-balance-sheet accounts and the assets subject to the operation, the collateral associated with said operations, as well as the premium that is accruing, will be valued in accordance with what is established in criterion B-4 "Securities Lending".

Derivative Financial Instruments

For operations with derivative financial instruments carried out by entities on behalf of third parties, they must be controlled in off-balance-sheet accounts and valued at their fair value in accordance with what is stated in NIF C-10 "Derivative Financial Instruments and Hedging Relationships".

In the case that margin accounts are established, these must be recognized and valued at their fair value in accordance with what is established in the contract.

Presentation and Disclosure Standards

The liability arising from the obligation with the depositor for the loss or damage of the asset in custody or administration will be presented in the statement of financial position under the item of other payables, while in the results of the period it will be presented under the item of other income (expenses) from the operation.

Custody Operations

The amount of assets in custody will be presented in off-balance-sheet accounts, according to the characteristics of the asset or operation, under the items of client financial instruments received in custody and/or client financial instruments abroad.

Administration Operations

The amount of financings granted and/or received in repo that the brokerage house carries out on behalf of its clients must be presented in off-balance-sheet accounts under the item of repo operations on behalf of clients, as debtors and/or creditors for repo on behalf of clients, as appropriate.

Securities lending carried out by the brokerage house on behalf of its clients must be presented in off-balance-sheet accounts under the item of securities lending operations on behalf of clients.

Operations for the purchase and sale of derivative financial instruments on behalf of clients will be presented under the items of operations for the purchase of derivative financial instruments and/or operations for the sale of derivative financial instruments, as appropriate.

Regarding the collateral that the brokerage house receives or delivers on behalf of its clients, for the provision of repo, securities lending, derivative financial instruments, or other collateral received or delivered services, they will be presented under the items of collateral received as guarantee on behalf of clients and/or collateral delivered as guarantee on behalf of clients, as appropriate.

Income derived from custody or administration services recognized in the results of the period will be presented under the item of commissions and fees charged.

The following must be disclosed through notes to the financial statements:

Custody Operations

amount related to securities issued by the entity itself;

amounts recognized for each type of asset in custody;

information regarding the type of assets, and

amount of income from the activity.

Administration Operations

amounts recognized for each type of asset in administration;

information regarding the type of assets, and

amount of income from the activity.

Investments in Financial Instruments, Repos, and Securities Lending

information relating to debt securities and equity financial instruments on behalf of third parties;

amount for each type of collateral associated with repos and securities lending;

information regarding the nature of these operations, specifying conditions and terms that could affect them, and

patrimonial rights and premiums received.

Derivative Financial Instruments

amounts recognized for derivative financial instruments on behalf of clients;

information regarding the nature of derivative financial instruments, specifying conditions and terms that could affect them, and

amount for each type of collateral associated with derivative financial instruments.

Additionally, the amount of client deposits must be disclosed.

B-7 TRUSTS

Objective and Scope

The present criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements for private trust activities carried out by entities in their capacity as trustees, as well as for mandate operations.

Definitions

Trust. - The General Law of Credit Instruments and Operations establishes that "By virtue of the trust, the settlor transmits to a fiduciary institution the ownership or title of one or more assets or rights, as the case may be, to be destined to lawful and determined purposes, entrusting the realization of said purposes to the fiduciary institution itself".

For the purposes of these accounting criteria, it will be understood that, where applicable, this term also refers to mandate operations carried out by entities in their capacity as mandatary.

Beneficiary. - Person who has the necessary capacity to receive the benefit that the trust implies.

Settlor. - Person who transmits the ownership or title of the assets or rights subject to the trust, as the case may be, to dedicate them to a lawful and determined purpose.

Trustee. - Entity authorized to carry out trust operations and to whom their realization is entrusted.

Mandate. - The Federal Civil Code establishes that "The mandate is a contract by which the mandatary obligates itself to execute on behalf of the mandator the legal acts that he entrusts to him".

Trust Patrimony. - With respect to each trust contract, the money, and other assets, financial instruments, or rights entrusted to the trustee, as well as the increases or decreases, from the respective products or expenses.

Recognition and Valuation Standards

Trusts

Entities must recognize the trust patrimony in off-balance-sheet accounts, attending to the responsibility that the realization or compliance with the object of such trusts entails for the fiduciary entity, whose commission is accepted.

In some cases, the responsibility referred to in the previous paragraph is limited to the accounting of the trust's assets, while in other cases, it includes the recognition of assets and liabilities generated during its operation.

The valuation of the trust patrimony recognized in off-balance-sheet accounts will be carried out in accordance with what is established in the accounting criteria for brokerage houses, except when it concerns the trust patrimony of those trusts that request and, if applicable, obtain and maintain the registration of their securities in the National Securities Registry, in which case, said patrimony must be valued based on the accounting standards that for such purposes are established by the National Banking and Securities Commission through general provisions applicable to securities issuers and other participants in the securities market.

Losses borne by the entity due to liabilities incurred as trustee will be recognized in results in the period in which they are known, regardless of the moment in which any legal promotion for this purpose is carried out.

In addition to the recognition referred to in the previous paragraphs, entities must maintain special accounting for each trust contract, registering all operations carried out in it. The balances of the special accounting of each trust contract must invariably coincide with the balances of the off-balance-sheet accounts in which the entity recognizes the trust patrimony.

When, due to the nature of the trusts established in the entity, there are assets or liabilities at its charge or in its favor, these must be recognized in the statement of financial position of said entity, as appropriate.

The recognition of income from the management of trusts must be made based on what is established in NIF D-1 "Revenue from Contracts with Customers". The accumulation of said income must be suspended at the moment when its debt presents 90 or more calendar days of non-payment, and it may resume accumulating when the outstanding debt is fully liquidated.

While income from the management of trusts is suspended from accumulation and not collected, control will be maintained in off-balance-sheet accounts. In the event that said income is collected, it will be recognized directly in the results of the period.

Presentation Standards

Statement of Financial Position

In off-balance-sheet accounts, the total amount of the trust patrimony will be presented under the item of administered trusts, in accordance with the recognition and valuation standards provided in this criterion. Likewise, accrued but uncollected income from the management of trusts must be presented in off-balance-sheet accounts under the item of other register accounts.

Statement of Comprehensive Income

Losses borne by the entity due to incurred liabilities will be presented under the item of other income (expenses) from the operation, while the income from the management of trusts will be included under the item of commissions and fees charged.

Disclosure Standard

Through notes to the financial statements, the amount of income received by the entity in trust operations must be disclosed.

C-2 SECURITIZATION OPERATIONS

Objective

The present criterion aims to define the particular standards relative to the treatment in the financial statements of securitization operations.

Definitions

Financial Asset. - A right arising from a contract, which provides monetary economic resources to the entity. Therefore, it includes, among others:

cash or cash equivalents;

financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party;

a contractual right to receive cash or any financial instrument from another entity;

a contractual right to exchange financial assets or financial liabilities with a third party on favorable conditions for the entity, or

a right that will be collected with a variable number of equity instruments issued by the entity itself.

Subordinated Assets. - Those assets whose availability is conditioned to the occurrence of certain events.

Administration of Transferred Financial Assets. - Contract by means of which an entity provides services related to the administration of the financial assets subject to securitization operations, such as: collecting and custodian the payments of principal and interest from the transferred financial assets; making tax payments and

insurance relating to such payments on behalf of the securitization vehicle; monitor cases of default or follow up on credit risk attributable to the debtors of said assets; if applicable, execute adjudication processes; temporarily invest payments received pending distribution; pay commissions to guarantors and other service providers in the operation; make payments to holders of securities placed among investors through stock exchanges or recognized trading mechanisms.

Aforo.

Financial asset transferred by the transferor to the transferee in securitization operations, in addition to the financial assets transferred that are the object of securitization operations, in order to cover possible defaults by the debtors of the financial assets transferred that are the object of securitization, guarantee the payment of obligations to investors,

among others.

Interest Benefits.

Rights to receive the total or specific portions of cash flows from a trust, entity or other figure, including participations in the principal and/or interest of debt instruments with payment priority and/or subordinated, other cash flows from underlying assets, premiums, obligations, residual interests (whether in the form of debt or equity), among others.

Benefits on the Transferee's Residual.

Interest benefits in the form of titles, contracts or documents that grant their holder participation in the possible excess or residual that, if applicable, the transferee generates, such as contribution certificates, contribution certificates, fiduciary rights certificates, residual interests, among others.

Securitization.

Operation by means of which certain financial assets are transferred to a transferee, with the purpose that the latter issues titles to be placed among investors through stock exchanges or recognized trading mechanisms, which represent the right to receive what is established in the placement prospectus.

Transferor.

Entity that transfers to another a financial asset, a participation in a financial asset or a group of financial assets that it controls.

Transferee.- Securitization vehicle that receives a financial asset, a participation in a financial asset or a group of financial assets from the transferor.

Equity Financial Instrument. - It is originated by a contract that evidences the participation or the option to participate in the net assets of an entity.

Continuing Involvement. - It is the condition existing by means of which the transferor continues related to a transferred financial asset, either by continuing to have:

exposure to the risks and benefits of the future cash flows of the transferred financial asset; or

control over the cash flows of the transferred financial asset, with or without exposure to the relative risks or benefits.

Financial Liability.

It is an obligation arising from a contract, which will require the use of monetary economic resources of the entity. Therefore, it represents:

an obligation to deliver cash or another financial asset to a third party to settle it;

a contractual obligation to exchange financial assets or financial liabilities with a third party under conditions unfavorable to the entity; or

an obligation that will be settled with a variable number of equity financial instruments issued by the entity itself.

Revolver of financial assets in securitization operations.

Mechanism in securitization operations by means of which the transferee agrees with the transferor, the transfer of financial assets periodically and during a predetermined time (known as the revolving period), in order to maintain an adequate financial relationship between the financial assets transferred and the titles placed among investors through stock exchanges or recognized trading mechanisms, and in this way comply with the obligations of the operation.

Substitution

of financial assets

in securitization operations.

Mechanism in securitization operations by means of which the transferor substitutes for the transferee one or more financial assets transferred during a predetermined period, when any of the previously agreed-upon circumstances occur, such as deterioration in the rating of securities, or significant defaults coming from the transferred financial assets.

Fair Value.

It is the exit price that, at the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Securitization Vehicle.

It is an entity, trust or other legal figure, whose activities, in accordance with its object or statutes, are permanently limited to:

maintaining possession of the transferred financial assets;

issuing securities that represent rights over the financial assets;

receiving the flows that proceed from the transferred financial assets, reinvesting them in financial instruments and providing other services associated with the assets;

distributing the benefits to the holders of the securities placed among investors through stock exchanges or recognized trading mechanisms, and

distributing the benefits on the residual that in its case has the obligation to deliver.

Characteristics

In securitization operations, the transferor may or may not transfer the risks and benefits over the financial assets to the transferee, and may also transfer or not its control. The transferee issues securities to be placed among investors through stock exchanges or recognized trading mechanisms, which represent interest benefits or rights over what is established in the placement prospectus. As consideration, the transferor may receive, among others, cash or cash equivalents, financial instruments, benefits on the residual of the transferee, rights or financial instruments derived.

In operations that meet the definitions, concepts and assumptions established in NIF C-14 "Transfer and Derecognition of Financial Assets" for the derecognition of the total or a portion of financial assets (as applicable), the transferring entity (transferor) must derecognize such total or portion of the securitized financial assets from its financial statements and recognize the consideration received or incurred in the securitization operation in accordance with what is stated in the aforementioned NIF C-14. On the other hand, the receiving entity (transferee) will recognize such financial assets in its statement of financial position, as well as the consideration granted or received for the securitization operation in accordance with what is stated in Criterion A-2 "Application of particular standards".

If in accordance with what is established in the previous paragraph, the definitions, concepts and assumptions established in NIF C-14 for the derecognition of the total, or a portion of financial assets based on its continuing involvement, are not met, the transferring entity (transferor) must not remove the securitized financial assets in their entirety or portion for which it retains continuing involvement from its financial statements and will recognize the associated financial liability, as well as the consideration received or incurred in the operation, in accordance with what is stated in the aforementioned NIF C-14. On the other hand, the receiving entity (transferee) will recognize the portion of the transferred financial asset that the transferor has derecognized and over which the transferee has obtained the rights and contractual obligations; the consideration received or incurred in the operation, considering the new financial assets and the new obligations assumed (including the account receivable for the financing granted to the transferor against the outflow of cash, as well as the inflow of financial assets coming from the placement of securities among investors against the corresponding liability for the issuance of titles), in accordance with what is stated in Criterion A-2.

Additionally, in securitization operations, the transferor may grant an aforo (cash or cash equivalents, securities, rights and financial instruments derived, among others) in order to cover possible defaults by the debtors of the transferred financial asset object of securitization, or to guarantee the payment of obligations to investors, among others. For the granting of said aforo, the transferor may or may not maintain the right to receive assets as consideration, such as, the reimbursement of the aforo itself, benefits on the residual of the transferee, interest benefits, among others.

Likewise, regardless of the granting of the aforo, the transferor may receive financial assets in the form of benefits on the residual of the transferee and interest benefits, among others.

Operations that meet the requirements for derecognition of financial assets

Recognition and Valuation Standards

Transferor

Regarding financial assets for which estimates of expected credit losses or similar concepts have been established, at the time of recognizing their exit from the statement of financial position, their net book value at the date of their transfer must be considered.

Consistently with what is established in NIF C-14, the consideration received or incurred in the operation must be recognized, considering the new financial assets and the new obligations assumed, at their fair values (such as cash or cash equivalents, interest benefits, financial instruments derived, assets or liabilities for the administration of the transferred financial assets, financial liabilities, rights over the granted aforo), attending the recognition, valuation, presentation and disclosure standards in accordance with the accounting criterion that corresponds according to the nature of the item in question.

The consideration received in the form of benefits on the residual of the transferee must be recognized as benefits to be received in securitization operations and remain valued, from their initial recording, at their fair value at the valuation date, recognizing the adjustments resulting from their valuation in the results of the period. The fair value valuation of the benefits on the residual of the transferee must, if applicable, be consistent with the accounting policies of an entity that must be consolidated in accordance with what is stated in NIF B-8 "Consolidated or Combined Financial Statements", in order to facilitate the consolidation of the transferee in the financial statements of the transferor.

For the recognition of operations that meet the requirements for derecognition of financial assets, the provisions of NIF C-14 must be attended.

Subsequent collections or recoveries related to the benefits to be received in securitization operations will be recognized attending to the nature of the items received, following the recognition, valuation, presentation and disclosure standards in accordance with the accounting criterion that corresponds and will be applied directly to the reduction of said benefits to be received.

Subsequent collections or recoveries in excess of the amount recorded in benefits to be received in securitization operations will be recognized attending to the nature of the items received, following the recognition, valuation, presentation and disclosure standards in accordance with the accounting criterion that corresponds against the results of the period.

Revolver and substitution of financial assets in securitization operations

In securitization operations in which it is agreed that the transferor may transfer additional financial assets to those initially transferred, as in the case of substitution or revolver, it must be verified if such transfers comply with what is provided in NIF C-14 or, if applicable, in Criterion A-2 in order to determine their recognition and/or derecognition from the statement of financial position.

Administration of transferred assets

In case the transferor provides administration services for the transferred financial assets, an asset or liability for the administration of transferred assets must be recognized initially at its fair value as part of the initial recording of the operation. When the consideration for said administration is reasonably expected to exceed the costs and expenses incurred for the administration service, an asset for the administration of transferred assets must be recognized; otherwise, a liability for the administration of transferred assets must be recognized. Subsequently, said assets or liabilities for administration will be valued at fair value, recognizing the valuation effects directly in the results of the period.

Transferee

At the time the transfer of financial assets in securitization operations that meet the definitions, concepts and assumptions established in NIF C-14 for the derecognition of the total or a portion of financial assets (as applicable) takes place, the transferee must make the accounting records indicated in Criterion A-2 for the recognition of financial assets, including the consideration granted or received for the securitization operation (such as: cash or cash equivalents, financial instruments derived, financial assets and obligations on the aforo received). Subsequently, for valuation purposes, the recognition, valuation, presentation and disclosure standards must be attended in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Regarding the placement of securities among investors through stock exchanges or recognized trading mechanisms, the transferee must record in its accounting the entry of the financial assets resulting from said placement of securities, as well as the corresponding financial liability, including any other interest benefit, attending to what is established in NIF C-19 "Financial Instruments Payable".

The obligations in which the transferee incurs, if applicable, which represent the benefits on its residual, must be recorded as part of equity capital or equity, as applicable.

The issuance expenses of the titles placed among investors through stock exchanges or recognized trading mechanisms incurred by the transferee must be recorded in accordance with what is established in NIF C-19. Expenses for the concept of the administration of financial assets will be recognized in the results of the period.

Presentation Standards

Transferor

Statement of Financial Position

The benefits on the residual in securitization operations and the asset for the administration of transferred financial assets will be presented in the statement of financial position forming part of the benefits to be received in securitization operations. The liabilities for the administration of transferred assets will be presented in the item of obligations in securitization operations.

The rest of the financial assets and obligations assumed coming from securitization operations that meet the requirements for derecognition of financial assets will be presented in the statement of financial position in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Statement of Comprehensive Income

The result from the derecognition of a financial asset in its entirety, as well as the result from the derecognition of a portion of a financial asset will be presented in the item of the statement of comprehensive income that corresponds according to the nature of the asset or portion thereof, whether as a gain or loss.

The valuation of the benefits to be received in securitization operations, as well as of the assets or liabilities for the administration of transferred assets will be presented in the statement of comprehensive income in the item of other income (expenses) of the operation, as applicable.

The collections or recoveries in excess of the amount recorded in benefits to be received in securitization operations will be presented in the item of other income (expenses) of the operation. The loss that in its case exists for the difference between the collections or recoveries and the amount recorded in benefits to be received in securitization operations will be presented in the item of other income (expenses) of the operation.

The presentation of the effects in results for the rest of the financial assets and obligations assumed coming from securitization operations will be carried out in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Transferee

Statement of Financial Position

The financial assets object of securitization operations that meet the requirements for derecognition of financial assets by the transferor will be presented in the statement of financial position of the transferee in accordance with the accounting criterion that corresponds according to the nature of the item in question. Likewise, the amount of the securities placed among investors through stock exchanges or recognized trading mechanisms, object of the securitization operation, must be presented within the liability in a specific item in the statement of financial position as issued credit titles.

The obligations that represent the benefits on its residual will be presented in the statement of financial position forming part of the equity capital or equity, as applicable.

Statement of Results

The interest that accrues on the securities and other interest benefits placed among investors through stock exchanges or recognized trading mechanisms by the transferee, as well as the issuance expenses in terms of what is stated in NIF C-19, will be recognized in the results of the period as interest expenses.

The expenses for the concept of the administration of financial assets recognized in the results of the period will be presented in the item of commissions and fees paid.

If applicable, the presentation of the effects in results for the rest of the financial assets and obligations assumed coming from securitization operations that meet the requirements for derecognition of financial assets will be carried out in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Operations that do not meet the requirements for derecognition of financial assets

Recognition and Valuation Standards

Transferor

Regarding transfers of financial assets in securitization operations that do not meet the definitions, concepts and assumptions established in NIF C-14 for the derecognition of the total, or a portion of financial assets based on its continuing involvement, the transferring entity (transferor) must make the accounting records contained in the aforementioned NIF C-14 for such cases.

Transferee

Regarding transfers of financial assets in securitization operations that do not meet the definitions, concepts and assumptions established in NIF C-14 for the derecognition of the total, or a portion of financial assets based on its continuing involvement, the transferee must make the accounting records established in the aforementioned NIF C-14 for such cases.

Among other records, the transferee must recognize in its statement of financial position the resources coming from investors for the placement of securities through stock exchanges or recognized trading mechanisms, against the corresponding financial liability for the titles placed. Likewise, the transferee must recognize the financing granted to the transferor against the outflow of resources.

Presentation Standards

Transferor

Statement of Financial Position

The financial assets that the transferor entity grants as guarantee or collateral in securitization operations will be presented as a restricted asset, according to the type of asset in question. Likewise, the financial liability corresponding to the financing received from the transferee must be presented as part of bank loans or from other organisms. The liability associated with securitization operations in which continuing involvement is maintained will be presented in the item of obligations in securitization operations.

The rest of the financial assets and obligations assumed coming from securitization operations that do not meet the requirements for derecognition of financial assets will be presented in the statement of financial position in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Statement of Comprehensive Income

If applicable, the presentation of the effects in results for the rest of the financial assets and obligations assumed coming from securitization operations that do not meet the requirements for derecognition of financial assets will be carried out in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Transferee

Statement of Financial Position

The financial asset that represents the financing granted to the transferor must be presented

within accounts receivable. Likewise, the amount of securities placed with investors through stock exchanges or recognized trading mechanisms, subject to the securitization operation, shall be presented within liabilities in a specific line item in the statement of financial position.

Statement of Comprehensive Income

The interest accrued on securities and other interest benefits placed with investors through stock exchanges or recognized trading mechanisms by the assignee, as well as issuance expenses in accordance with what is stated in NIF C-19, shall be recognized in the results of the period as interest expenses.

If applicable, the presentation of effects in results for the remainder of financial assets and obligations assumed from securitization operations that do not meet the requirements for derecognition of financial assets shall be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Expenses for the administration of financial assets, recognized in the results of the period, shall be presented in the line item of commissions and fees paid.

Disclosure Standards

The following information shall be disclosed in notes to the financial statements regarding securitization operations:

Assignor (Transferor)

the characteristics of the securitization operations carried out: the type of securitization celebrated (whether it corresponds to a securitization that met or did not meet the requirements for derecognition of financial assets), generic type of financial assets transferred, restrictions on the assignee's rights over the assigned financial assets (mainly characteristics and amounts of restricted assets), characteristics of the capacity and collateral, as well as the amounts recognized in results for these operations in the line item of other income (expenses) of the operation;

main characteristics of the consideration received and incurred in securitization operations;

the main characteristics of the assets and liabilities that make up the benefits on the assignee's remainder, if any, as well as description of the methodology used for their valuation;

detailed description of the valuation methodology for the benefits on the assignee's remainder, main assumptions used, including a scenario showing the valuation under adverse conditions, as well as the mention that such valuation was carried out, if applicable, under parameters consistent with formal techniques recognized in the market (disclosing said parameters);

amount of the valuation effect recognized in results for the valuation of benefits on the assignee's remainder;

amount of financing received in securitization operations, as well as main conditions related to obligations acquired for their payment (term, rate, payment methods, among others);

description of agreements for the revolving and substitution of transferred financial assets, if any have been agreed;

description of agreements for the repurchase of assigned assets, if any have been agreed;

description of rights or obligations held over the transferred financial assets that act as capacity or collateral, as applicable;

description of agreements to provide the service of administration of transferred financial assets;

amount recognized in the results of the period for the fair value valuation of the asset or liability for asset administration, as well as main assumptions used for the determination of said fair value;

information on early liquidations of transferred or assigned financial assets,

and

description of financial assets received as a result of the liquidation of the assignee's remainders or surpluses.

Assignee (Recipient)

the characteristics of the interest benefits issued, subordinated or not, such as: type, amount, interest rate, term, rights and payment restrictions;

main characteristics of the consideration received and incurred in securitization operations;

qualification of the credit quality of the titles placed with investors through stock exchanges or recognized trading mechanisms, as well as of the financial assets subject to the securitization operation, and

description of the methodology used to value at fair value the obligations related to securitization operations.

D-1 STATEMENT OF FINANCIAL POSITION

Background

Financial information must comply, among other things, with the objective of presenting the financial situation of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of financial position must have.

Objective and Scope

This criterion aims to establish the general characteristics and structure that the statement of financial position of entities must have. Likewise, minimum guidelines are established with the purpose of homogenizing the presentation of this financial statement among entities, and thus, facilitate its comparability.

The statement of financial position aims to present the value of goods and rights, of obligations, as well as of the equity capital of an entity at a specific date.

The statement of financial position, therefore, must adequately and on consistent bases show the position of entities regarding their off-balance sheet items, assets, liabilities, and equity capital, in such a way that the economic resources available to said entities, as well as their financial structure, can be evaluated.

Additionally, the statement of financial position must fulfill the objective of being a useful tool for the analysis of the various entities, so it is convenient to establish the concepts and general structure that said financial statement must contain.

Concepts Integrating the Statement of Financial Position

In a broad context, the concepts that integrate the statement of financial position are: assets, liabilities, and equity capital, understood as such to the concepts thus defined in NIF A-5 "Basic elements of financial statements". Likewise, the off-balance sheet items referred to in this criterion form part of the concepts that integrate the structure of the statement of financial position of entities.

Structure of the Statement of Financial Position

The structure of the statement of financial position must group the concepts of off-balance sheet items, assets, liabilities, and equity capital, in such a way that it reflects from greater to lesser their degree of liquidity or exigibility, as the case may be.

In this way, the minimum line items that must be included in the statement of financial position are the following:

Off-balance sheet items

Operations on behalf of third parties

current accounts clients;
custody operations, and
administration operations.

Operations on own account

contingent assets and liabilities;
collateral received by the entity;
collateral received and sold or delivered as guarantee by the entity, and
other registration accounts.

Assets

cash and cash equivalents;
margin accounts (derivative financial instruments);
investments in financial instruments;
receivables from repurchase agreements;
securities lending;
derivative financial instruments;
valuation adjustments for hedging of financial assets;
benefits to receive in securitization operations;
accounts receivable (net);
long-term assets held for sale or for distribution to owners;
prepayments and other assets (net);
properties, furniture and equipment (net);
right-of-use assets for properties, furniture and equipment (net);
permanent investments;
deferred income tax assets (net);
intangible assets (net)
right-of-use assets for intangible assets (net)
goodwill.

Liabilities

securities liabilities;
bank loans and from other organisms;
creditors from repurchase agreements;
securities lending;
collaterals sold or given as guarantee;
derivative financial instruments;
valuation adjustments for hedging of financial liabilities;
obligations in securitization operations;
lease liability
other accounts payable;
liabilities related to groups of assets held for sale;
financial instruments that qualify as liabilities;
obligations associated with the removal of components of properties, furniture and equipment;
income tax liabilities;
employee benefits liabilities, and
deferred credits and advance collections.

Equity Capital

contributed capital, and
earned capital.

Presentation of the Statement of Financial Position

The line items described above correspond to the minimum required for the presentation of the statement of financial position; however, entities must disaggregate, either in said financial statement or through notes, the concepts they consider necessary in order to show the financial situation of the same for the user of the financial information. At the end of this criterion, a statement of financial position prepared with the minimum line items referred to in the previous paragraph is shown.

However, certain line items of the statement of financial position require special guidelines for their presentation, which are described below:

Off-balance sheet items

Under this concept, operations carried out on behalf of third parties, as well as those situations or events carried out on own account that, according to the definition of assets, liabilities, and equity capital mentioned above, should not be included within said concepts in the statement of financial position of entities, but that provide information on any of the following events:

contingent assets and liabilities in accordance with NIF C-9 "Provisions, contingencies, and commitments";

amounts that complement the figures contained in the statement of financial position;

collateral received by the entity;

collateral received and sold or delivered as guarantee by the entity, and

other accounts that the entity considers necessary to facilitate accounting registration or to comply with applicable legal provisions.

Margin Accounts (Derivative Financial Instruments)

Balances arising from margin accounts in cash, financial instruments, or other assets referred to in NIF C-10 "Derivative financial instruments and hedging relationships" shall be presented as part of this line item.

Investments in Financial Instruments

The different categories of investments in financial instruments, such as negotiable financial instruments, financial instruments to collect or sell, and financial instruments to collect principal and interest (securities), shall be presented within this line item.

Receivables from Repurchase Agreements

The debtor balance arising from repurchase operations referred to in the corresponding criterion shall be presented immediately after the concepts of investments in financial instruments.

Derivative Financial Instruments

Financial assets arising from derivative financial instruments shall be presented immediately after the concept of securities lending, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as applicable.

Valuation Adjustments for Hedging of Financial Assets

In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial assets, the adjustment to the book value of the hedged item by the gain or loss recognized in the results of the period shall be presented in this line item, immediately after the line item of derivative financial instruments.

Accounts Receivable (Net)

Accounts receivable shall be presented, considering among others, documents issued by a trust whose issuance was not in series or in mass, debtor liquidation accounts, debtors from margin accounts, debtors from collateral granted in cash, conditional accounts receivable, deducting, if applicable, the estimate of expected credit losses.

Long-term Assets Held for Sale or for Distribution to Owners

Investments in long-term assets that are classified as held for sale, such as subsidiaries, associates, joint ventures, as well as those held for distribution, including discontinued operations, to which NIF B-11 "Disposal of long-term assets and discontinued operations" refers, shall be presented within this line item.

Prepayments and Other Assets

Prepayments and other assets such as deferred charges and security deposits, as well as other short-term and long-term assets shall be presented as a single line item in the statement of financial position. The asset for employee benefits that arises in accordance with what is established in NIF D-3 "Employee Benefits" of the NIFs shall be part of this line item.

Right-of-Use Assets for Properties, Furniture and Equipment (Net)

Those assets that represent the right of a lessee to use a property, furniture, or equipment during the lease term, reduced by their accumulated depreciation, are presented.

Permanent Investments

Permanent investments in unconsolidated subsidiaries, associates, joint ventures, as well as other permanent investments added by goodwill that may have been generated, shall be presented within this line item.

Right-of-Use Assets for Intangible Assets (Net)

Those assets that represent the right of a lessee to use an intangible asset during the lease term, reduced by their accumulated amortization, shall be presented.

Bank Loans and from Other Organisms

Bank loans and from other organisms shall be grouped within a specific line item, disaggregated into:

short-term (amount of amortizations whose term to maturity is less than or equal to one year), and
long-term (amount of amortizations whose term to maturity is greater than one year).

Collaterals Sold or Given as Guarantee

Collaterals sold that represent the obligation to return the collateral received from the counterparty in repurchase operations, securities lending, derivative financial instruments, and other collaterals sold, as well as those collaterals delivered as guarantee in repurchase operations, shall be presented within this line item in a disaggregated manner.

Derivative Financial Instruments

Financial liabilities arising from derivative financial instruments shall be presented immediately after the line item of collaterals sold or given as guarantee, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as applicable.

Valuation Adjustments for Hedging of Financial Liabilities

In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial liabilities, the adjustment to the book value of the hedged item by the gain or loss recognized in the results of the period shall be presented in this line item, immediately after the corresponding financial liabilities.

Other Accounts Payable

Among others, creditor liquidation accounts, creditors from margin accounts, creditors from collateral received in cash, contributions payable, diverse creditors, and other accounts payable, including in the latter overdrafts in checking accounts and the negative balance of the line item of cash and cash equivalents that in accordance with what is established in criterion B-1 "Cash and cash equivalents" must be presented as a liability, shall be part of this line item.

Liabilities Related to Groups of Assets Held for Sale

Liabilities related to groups of long-term assets held for sale, including discontinued operations, such as retirement obligations linked to the disposal of assets, shall be presented within this line item.

Financial Instruments that Qualify as Liability

Contributions for future capital increases pending formalization by the Shareholders' Assembly, as well as those financial instruments that qualify as liability, in accordance with what is established in NIF C-12 "Financial instruments with liability and equity characteristics", shall be included in this line item.

Obligations Associated with the Removal of Components of Properties, Furniture and Equipment

In this line item, obligations arising from the permanent removal from service of a component of properties, furniture, and equipment, in accordance with what is established in NIF C-18 "Obligations associated with the removal of property, plant and equipment", shall be included.

Income Tax Liabilities

The amount corresponding to taxes accrued, as well as the amount resulting from deferred income tax liabilities, determined in accordance with what is established in NIF D-4 "Income taxes", shall be presented in this line item.

Employee Benefits Liabilities

The liability that arises in accordance with what is established in NIF D-3 shall be part of this line item.

Deferred Credits and Advance Collections

This line item shall be integrated by deferred credits and advance collections, such as advance collections received on account of goods promised for sale or with reservation of title, among others.

Equity Capital

When preparing the consolidated statement of financial position, the non-controlling interest that represents the part of the subsidiary's equity capital corresponding to non-controlling shareholders shall be presented in a separate line, immediately after earned capital.

Result from Holding Non-Monetary Assets

The entity shall recognize in this line item the result from holding unrealized non-monetary assets, in accordance with what is established in NIF B-10 "Effects of inflation".

NAME OF THE BROKERAGE HOUSE

ADDRESS

STATEMENT OF FINANCIAL POSITION AS ___ OF _____________ OF _____

EXPRESSED IN CURRENCY OF PURCHASING POWER OF ____ OF ____

(Figures in millions of pesos)

OFF-BALANCE SHEET ITEMS

OPERATIONS ON BEHALF OF THIRD PARTIES

OPERATIONS ON OWN ACCOUNT

CURRENT ACCOUNTS CLIENTS

CONTINGENT ASSETS AND LIABILITIES

Client Banks

COLLATERALS RECEIVED BY THE ENTITY

Dividends collected from clients

Cash administered in trust

Interest collected from clients

Government debt

Client operations liquidation

Bank debt

Premiums collected from clients

Other debt securities

Client settlements with foreign currencies

Equity financial instruments

Margin accounts

Others

" $\ ______

Other current accounts

$ ______

COLLATERALS RECEIVED AND SOLD OR

DELIVERED AS GUARANTEE BY THE ENTITY

CUSTODY OPERATIONS

Government debt

Client financial instruments received in custody

Bank debt

Client financial instruments abroad

" ______

Other debt securities

Equity financial instruments

ADMINISTRATION OPERATIONS

Others

" ______

Client repurchase operations

Client securities lending operations

OTHER REGISTRATION ACCOUNTS

"______

Collaterals received as guarantee on behalf of clients

Collaterals delivered as guarantee on behalf of clients

Client derivative financial instrument purchase operations

Of futures and forward contracts from clients

(notional amount)

Of options

Of swaps

Of client derivative financial instrument packages

" ______

Client derivative financial instrument sale operations

Of futures and forward contracts from clients

(notional amount)

Of options

Of swaps

Of client derivative financial instrument packages

Administered trusts

" ______

TOTALS ON BEHALF OF THIRD PARTIES

$ ______

TOTALS ON OWN ACCOUNT

$ ______

NAME OF THE BROKERAGE HOUSE

ADDRESS

STATEMENT OF FINANCIAL POSITION AS ____ OF ______________ OF ______

EXPRESSED IN CURRENCY OF PURCHASING POWER OF _______________ OF ______ (1)

(Figures in millions of pesos)

ASSETS

LIABILITIES AND EQUITY

CASH AND CASH EQUIVALENTS

SECURITIES LIABILITIES

MARGIN ACCOUNTS (DERIVATIVE FINANCIAL INSTRUMENTS)

BANK LOANS AND FROM OTHER ORGANISMS

INVESTMENTS IN FINANCIAL INSTRUMENTS

Short-term

Negotiable financial instruments

Long-term

Financial instruments to collect or sell

Financial instruments to collect principal and interest (securities)(net)

CREDITORS FROM REPURCHASE AGREEMENTS

RECEIVABLES FROM REPURCHASE AGREEMENTS

SECURITIES LENDING

COLLATERALS SOLD OR GIVEN AS GUARANTEE

DERIVATIVE FINANCIAL INSTRUMENTS

Repurchase agreements

For trading purposes

Securities lending

For hedging purposes

Derivative financial instruments

Other collaterals sold

VALUATION ADJUSTMENTS FOR HEDGING OF FINANCIAL ASSETS

DERIVATIVE FINANCIAL INSTRUMENTS

BENEFITS TO RECEIVE IN SECURITIZATION OPERATIONS

For trading purposes

For hedging purposes

ACCOUNTS RECEIVABLE (NET)

VALUATION ADJUSTMENTS FOR HEDGING OF FINANCIAL

LIABILITIES

LONG-TERM ASSETS HELD FOR SALE OR FOR

DISTRIBUTION TO OWNERS

OBLIGATIONS IN SECURITIZATION OPERATIONS

PREPAYMENTS AND OTHER ASSETS (NET)

LEASE LIABILITY

PROPERTIES, FURNITURE AND EQUIPMENT (NET)

OTHER ACCOUNTS PAYABLE

RIGHT-OF-USE ASSETS FOR PROPERTIES, FURNITURE AND EQUIPMENT

(NET)

Creditors from operations liquidation

Creditors from margin accounts

PERMANENT INVESTMENTS

Creditors from collateral received in cash

Contributions payable

DEFERRED INCOME TAX ASSETS (NET)

Diverse creditors and other accounts payable

INTANGIBLE ASSETS (NET)

LIABILITIES RELATED TO GROUPS OF ASSETS

HELD

FOR SALE

RIGHT-OF-USE ASSETS FOR INTANGIBLE ASSETS (NET)

FINANCIAL INSTRUMENTS THAT QUALIFY AS LIABILITY

GOODWILL

Subordinated obligations in circulation

Contributions for future capital increases pending formalization by its Shareholders' Meeting

"Others"

"OBLIGATIONS ASSOCIATED WITH THE RETIREMENT OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT"

"LIABILITY FOR INCOME TAXES"

"LIABILITY FOR EMPLOYEE BENEFITS"

"DEFERRED CREDITS AND ADVANCE RECEIVINGS"

"TOTAL LIABILITY"
$

ACCOUNTING CAPITAL

CONTRIBUTED CAPITAL

Share capital
$
Contributions for future capital increases formalized in a shareholders' meeting "

Premium on sale of shares
"
Financial instruments that qualify as capital
"

EARNED CAPITAL

Capital reserves
$
Accumulated results
"
Other comprehensive income
"
Valuation of financial instruments to collect or sell " Valuation of cash flow hedging derivative financial instruments " Income and expenses related to assets held for disposal " Remeasurement of defined employee benefits " Accumulated effect from translation " Result from holding non-monetary assets " Participation in OCI of other entities "

TOTAL CONTROLLING INTEREST
"

TOTAL NON-CONTROLLING INTEREST
"

TOTAL ACCOUNTING CAPITAL
$

TOTAL ASSETS
TOTAL LIABILITY AND ACCOUNTING CAPITAL
$

The concepts appearing in this statement are shown in an illustrative, non-limiting manner.

(1)
This line item will be omitted if the economic environment is "non-inflationary".

D-2 STATEMENT OF COMPREHENSIVE INCOME

Background

Financial information must fulfill, among other things, the purpose of reporting the results of an entity's operations during a defined accounting period, requiring the establishment, through specific criteria, of the object and general structure that the statement of comprehensive income must have. This is with the aim of obtaining elements of judgment regarding, among other issues, the level of operational efficiency, profitability and financial risk.

Objective and scope

This standard aims to establish the general characteristics for the presentation and structure of the statement of comprehensive income, the minimum requirements for its content and the general disclosure norms. Whenever this financial statement is prepared, entities must adhere to the structure and guidelines provided in this standard. Likewise, minimum guidelines are established with the purpose of harmonizing the presentation of this financial statement among entities, and in this way, facilitate its comparability.

The statement of comprehensive income aims to show information relative to the result of its operations in the accounting period and, therefore, of the revenues, costs, expenses and other comprehensive income; as well as the comprehensive result and the net income (loss) resulting in the period accounting.

Concepts that make up the statement of comprehensive income

In a broad context, the concepts that make up the statement of comprehensive income are: revenues, costs, expenses, profits, losses and other comprehensive income (OCI), considering as such the concepts thus defined in NIF A-5 "Basic elements of financial statements" of the NIFs.

Structure of the statement of comprehensive income

The minimum items that the statement of comprehensive income must contain in entities are the following:

operating result;
result before income taxes;
result from continuing operations;
net result, and
comprehensive result.

Presentation of the statement of comprehensive income

The items described above correspond to the minimum required for the presentation of the statement of comprehensive income, however, entities must break down either in the cited statement of comprehensive income, or through notes to the financial statements, the content of the concepts they consider necessary in order to show their results to the user of the financial information. At the end of this standard, a consolidated statement of comprehensive income is shown, prepared with the minimum items referred to in the previous paragraph.

Characteristics of the items that make up the structure of the statement of comprehensive income

Operating result

The operating result is composed of the result from services, the financial margin by intermediation, other operating income (expenses), and by administration and promotion expenses.

Result from services

The result from services is considered to be commissions and fees generated by loans received, debt placement and by the provision of services, among others, of management, transfer, custody or administration of resources on behalf of clients, as well as the commissions paid for the performance of the provision of such services.

Also presented in this item are income from services derived from financial advisory for the brokerage house's clients.

Financial margin by intermediation

The financial margin by intermediation is composed of the following concepts:

a) profit from sale and purchase;

b) loss from sale and purchase;

c) interest income;

d) interest expenses;

e) result from valuation of financial instruments at fair value, and

f) net monetary position result (financial margin by intermediation).

Profit or loss from sale and purchase

Corresponds to the profit or loss from sale and purchase of financial instruments and instruments financial derivatives, currencies, minted precious metals, the result from sale of collateral received that entities carry out, as well as transaction costs for sale and purchase of negotiable financial instruments and financial derivatives.

Interest income

Interest income is considered to be premiums and interest arising from operations financial inherent to entities such as deposits in financial entities, margin accounts, investments in financial instruments, repo operations, financial instruments derivatives and securities lending, premiums for debt placement, as well as dividends of instruments that qualify as equity financial instruments.

Likewise, interest income is considered to be valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange gains, provided that such items come from positions related to income or expenses that form part of the financial margin by intermediation.

Interest expenses

Interest expenses are considered to be transaction costs, discounts and interest derived from stock exchange liabilities, bank loans and from other bodies, repo operations and securities lending, expenses arising from operations with financial instruments derivatives. Additionally, those premiums paid for the early redemption of financial instruments that qualify as liability.

Likewise, interest expenses are considered to be valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange losses of positions, provided that such concepts come from assets or liabilities related to expenses or income that form part of the financial margin by intermediation.

Likewise, interest expenses are considered to be those derived from lease liabilities and the financial effect of provisions.

Result from valuation of financial instruments at fair value

This item is composed of the following concepts:

a) result from fair value valuation of negotiable financial instruments and financial derivatives for trading or hedging purposes, valuation of the hedged item, as well as sold collateral;

b) estimation of expected credit losses for investments in financial instruments;

c) result from valuation of currencies and minted precious metals;

Net monetary position result (financial margin by intermediation)

The net monetary position result referred to in paragraph 10, will be that which originates from items whose income or expenses form part of the financial margin by intermediation (in the case of an inflationary environment).

Other operating income (expenses)

Additionally, other operating income (expenses) are recognized within the operating result, considered as such the income and expenses derived from the operation of the entity and which are not included in the previous paragraphs, nor form part of the expenses administration and promotion, such as:

a) recovery of taxes, and excess in benefits to receive in securitization operations;

b) impacts on the estimation of expected credit losses;

c) losses;

d)
AMIB fees

e) donations;

f) loss in custody and administration of goods;

g) loss in trust operations;

h) impairment loss or reversal effect on other assets;

i) interests charged in financing for acquisition of assets;

j) result in sale of properties, plant and equipment;

k) cancellation of other liability accounts;

l) interests in favor arising from loans to officials and employees;

m) rental income;

n) result from valuation of the asset (or liability) for administration of transferred financial assets as well as benefits to receive in securitization operations, and

o) other items of operating income (expenses).

In addition to the items previously mentioned, the net monetary position result, in the case of an inflationary environment, and the exchange result generated by items not related to the financial margin by intermediation of the entities will be presented in the item of other operating income (expenses).

Administration and promotion expenses

Finally, administration and promotion expenses must be considered within the operating result, which must include all types of short-term direct benefits given to the entity's employees, the Participation of Workers in Profits (PTU) incurred and deferred, the net period cost derived from long-term employee benefits, fees, rents (for example, variable payments for leases, short-term leases), promotion and advertising expenses, taxes and various duties, non-deductible expenses, technology expenses, depreciation and amortization, impairment loss or reversal effect on real estate and other assets that are in use, maintenance expenses and other administration and promotion expenses.

Result before income taxes

It will be the operating result, incorporating the participation in the net result of other entities, increased or decreased as the case may be by the effects of impairment and their reversals, the dividends from permanent investments, the adjustments associated with other permanent investments, and the effects of valuation of permanent investments available for sale.

Result from continuing operations

It is the result before income taxes, decreased by the effect of expenses for income taxes incurred in the period, increased or decreased as the case may be, by the effects of deferred income taxes generated or realized in the period, in its case, net of its estimation.

Net result

Corresponds to the result from continuing operations, increased or decreased according to corresponds, by discontinued operations referred to in NIF B-11 "Disposal of long-lived assets and discontinued operations".

Comprehensive result

Corresponds to the net result increased or decreased by the OCI of the period, net of the effects of income taxes and PTU related, as well as participation in OCI of other entities. OCI will be composed of: valuation of financial instruments to collect or sell, valuation of cash flow hedging derivative financial instruments, income and expenses related to assets held for disposal, remeasurement of defined employee benefits, accumulated effect from translation and the result from holding non-monetary assets.

Disclosure norms

The following must be disclosed in notes to the financial statements:

a) composition of the financial margin by intermediation, identifying by type of currency the concepts that make it up, with the exception of the net monetary position result, distinguishing the type of operation from which they come (investments in financial instruments, repos, securities lending, financial derivatives, sold collateral, as well as stock exchange liabilities and bank loans and from other bodies, among others);

b) amount of commissions charged disaggregated by the main products handled by the entity;

c) the detail of the movements of OCI net of income taxes, corresponding to the period effect and the recycling that took place, if any;

d) the amounts of income taxes incurred and deferred, as well as PTU relative to OCI, and

e) the amount of basic earnings per share and diluted earnings per share loss, in the event that the entity trades on the stock exchange. The determination of both amounts must be made based on the NIF relative to earnings per share.

NAME OF THE BROKERAGE HOUSE
ADDRESS

STATEMENT OF COMPREHENSIVE INCOME OF ____________ TO _____________ OF _____ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _______ OF _______ (1) (Numbers in millions of pesos)

Commissions and fees charged
$
Commissions and fees paid
"
Income from financial advisory
"________ __

Result from services
"
Profit from sale and purchase
"
Loss from sale and purchase
"
Interest income
"
Interest expenses
"
Result from valuation of financial instruments at fair value " Net monetary position result (financial margin by intermediation) "________ __

Financial margin by intermediation
"
Other operating income (expenses)
"
Administration and promotion expenses
"

OPERATING RESULT
"
Participation in the net result of other entities "

RESULT BEFORE INCOME TAXES
"
Income taxes
"

RESULT FROM CONTINUING OPERATIONS
"
Discontinued operations
"

NET RESULT
"
Other Comprehensive Income

Valuation of financial instruments to collect or sell " Valuation of cash flow hedging derivative financial instruments " Income and expenses related to assets held for disposal " Remeasurement of defined employee benefits " Accumulated effect from translation " Result from holding non-monetary assets " Participation in OCI of other entities " ________ " _________

COMPREHENSIVE RESULT
$ _______ _

Net result attributable to:
Controlling interest
"
Non-controlling interest
" __________

Comprehensive result attributable to:
Controlling interest
"
Non-controlling interest
" __________
$ - ________

Basic earnings per ordinary share
$ _______ _

The concepts appearing in this statement are shown in an illustrative, non-limiting manner.

(1)
This line item will be omitted if the economic environment is "non-inflationary".

D-3 STATEMENT OF CHANGES IN ACCOUNTING CAPITAL

Background

Financial information must fulfill, among other things, the purpose of reporting the modifications in the owners' investment during a defined accounting period, requiring the establishment, through specific criteria, of the objectives and structure general that the statement of changes in accounting capital must have, with the purpose of evaluating, among other issues, the profitability indices of the entity, both from a specific accounting period as well as cumulatively as of the date of the financial statements.

Objective and scope

This standard aims to establish the general characteristics for the presentation and the structure that the statement of changes in accounting capital of entities must have, the minimum requirements for its content and the general disclosure norms. This, with the purpose of harmonizing the presentation of this financial statement among entities and in this way, facilitate its comparability.

The statement of changes in accounting capital aims to present information on the changes in the investment of the owners of an entity during the accounting period. Likewise, it must show a reconciliation between the initial and final balances of the period, of each of the items that make up accounting capital. In general and non-limiting terms, the main items that make up accounting capital are:

a) contributed capital, which is composed of the portion of accounting capital integrated by the contributions of the owners received by the entity and the amount of instruments financial issued by the entity that qualify as capital. They also include the contributions for future capital increases, the premiums on issuance or sale of shares and financial instruments that qualify as capital, and

b) earned capital, which is composed of the profits and losses generated by the operation of the entity, it is composed of reserves, accumulated results and other comprehensive income.

Therefore, the basic elements of the statement of changes in accounting capital of entities are: owner movements, reserve movements and comprehensive result, in accordance with NIF A-5 "Basic elements of financial statements".

The movements presented in the statement of changes in accounting capital must be segregated into the amounts that correspond to the:

a) controlling interest, which is the portion of the accounting capital of the subsidiaries that belongs to the parent company, and

b) non-controlling interest, which is the portion of the accounting capital of the subsidiaries that belongs to owners other than the parent company.

This standard does not aim to establish the mechanism by which the movements are determined mentioned above, as they are subject to accounting standards for brokerage houses or specific NIFs established regarding this matter.

Structure of the statement of changes in accounting capital

The statement of changes in accounting capital must present in a segregated manner, for each period for which it is presented, the amounts relative, if applicable, to:

a) initial balances of accounting capital;

b) adjustments for retrospective application due to accounting changes and error corrections;

c) adjusted initial balances;

d) owner movements;

e) reserve movements;

f) comprehensive result, and

g) final balances of accounting capital.

Initial balances of accounting capital

In this line item, the book values of each of the items of the capital accounting with which the entity started each period for which the statement of changes in the accounting capital is presented.

Adjustments for retrospective application due to accounting changes and error corrections

Corresponds to adjustments derived from the retrospective application established in NIF B-1 "Accounting changes and error corrections". When retrospective adjustments have been determined that consequently affect the initial balances of the period, the amounts corresponding must:

a) be presented immediately after the initial balances, as they are adjustments to them; and

b) be presented in a segregated manner by the amounts that affect each item of the capital accounting.

In cases where in the same accounting period retrospective adjustments have been determined both for accounting changes, as well as for error corrections, both amounts must be presented in a segregated manner within the body of the statement of changes in capital accounting.

Adjusted initial balances

They result from the algebraic sum of the initial balances of accounting capital and the adjustments for retrospective application to each item individually.

Owner movements

They are changes to contributed capital or, if applicable, to earned capital, during an accounting period, derived from the decisions that owners make regarding their investment in the entity. Some examples of this type of movement are the following:

a. capital contributions

b. capital refunds

c. declaration of dividends;

d. capitalization of contributed capital items;

e. capitalization of comprehensive result;

f. capitalization of reserves; and

g. changes in the parent's participation that do not imply loss of control.

Movements corresponding to owner contributions must be shown separately from those that are distributions to them, that is, they must not be shown in a net manner.

Reserve movements

In this line item, the amounts representing increases or decreases to the capital reserves must be shown.

Comprehensive result

It refers to the increase or decrease in the earned capital of an entity derived from its operation during an accounting period, originated by the net profit or loss, plus the other comprehensive income. In this line item, the comprehensive result will be presented broken down into the following components:

a) net result of the period;

b) other comprehensive income (OCI), and

c) participation in OCI of other entities.

Likewise, the net period movement of the components of the comprehensive result must be presented; as net movement, it must be understood as OCI net of income taxes, the participation of workers in profits (PTU) and the recycling of OCI.

Final balances of accounting capital

The final balances of accounting capital are determined by the algebraic sum of the adjusted initial balances of each of the items of accounting capital plus owner movements, the reserve movements and the comprehensive result.

Presentation of the statement of changes in accounting capital

The concepts described above correspond to the minimum required for the presentation of the statement of changes in accounting capital, however, entities must disaggregate, either in the cited statement of changes in accounting capital or through notes to the financial statements, the content of the concepts they consider necessary to show the financial situation of the entity to the user of the financial information. At the end of the

presente criterio se muestra un estado de cambios en el capital contable preparado con los

requirements referred to in this criterion.

General Considerations

In the event of an inflationary environment, all balances and movements included in the statement of changes in equity must be expressed in monetary units with purchasing power relative to the date of the financial statements.

Disclosure Standards

The following must be disclosed in the notes to the financial statements:

the amount of dividends distributed during the period, the manner in which they were paid, as well as the dividend per share data;

the reason for capital refunds made during the period, and

a description of how the capital contributions of the period were made.

NAME OF THE BROKERAGE HOUSE

ADDRESS

STATEMENT OF CHANGES IN EQUITY OF ___ OF ___ __________ TO __ OF ____________ OF ___

EXPRESSED IN CURRENCY OF PURCHASING POWER OF _________ OF ____ (1)

(Amounts in millions of pesos)

Concept

Contributed Capital

Earned Capital

Total

Controlling

interest

Non-controlling

interest

Total

equity

Social Capital

Contributions for

future capital increases

formalized in

shareholders' meeting

Premium on

sale of

Financial instruments

that qualify

as equity

Capital

reserves

Accumulated

earnings

Valuation of

financial instruments

to collect or

sell

Valuation of

financial instruments

derived from

cash flow hedging

Income and

expenses

related to

assets held

for sale

Remediation of

defined benefits

employees

Cumulative

effect

conversion

Gain on holding

of non-monetary

assets

Participation in

OCI of other

entities

Balance at ___ of _________ of ___

Retrospective adjustments for accounting changes

Retrospective adjustments for error corrections

Balance at ___ of _______ of ___ adjusted

OWNERS' MOVEMENTS

Capital contributions

Capital refunds

Declaration of dividends

Capitalization of other equity concepts

Changes in controlling interest

that do not imply loss of control

Total

RESERVES MOVEMENTS

Capital reserves

COMPREHENSIVE INCOME:

Net income

Other comprehensive income

Valuation of financial instruments

to collect or sell

Valuation of financial instruments

derived from cash flow hedging

Income and expenses related to

assets held for sale

Remediation of defined benefits to

employees

Cumulative effect by conversion

Gain on holding of non-monetary

assets

Participation in OCI of other

Entities

Total

Balance at ___ of __________ of ___

The concepts appearing in this statement are shown in an enumerative, but not exhaustive, manner.

(1) This line item will be omitted if the economic environment is "non-inflationary".

D-4 STATEMENT OF CASH FLOWS

Background

Financial information must meet, among other things, the objective of showing how entities generate and use cash and cash equivalents, which are essential to maintain their operations, meet their obligations, as well as distribute dividends.

Objective and Scope

This criterion aims to establish the general characteristics for the presentation, structure, and preparation of the statement of cash flows of entities, as well as the disclosures that complement said financial statement. Furthermore, minimum guidelines are established, with the purpose of harmonizing the presentation of this financial statement among entities, and in this way, facilitate its comparability.

The statement of cash flows has as its main objective to provide users of the basic financial statements with information regarding changes in resources and financing sources during the accounting period, classified by operating activities, investing activities, and financing activities.

When the statement of cash flows is used together with the rest of the financial statements, it provides information that allows users to:

evaluate changes in the entity's assets and liabilities and in its financial structure (including its liquidity and solvency), and

evaluate both the amounts and dates of receipts and payments, in order to adapt to circumstances and opportunities for generating and applying cash and cash equivalents.

Furthermore, the statement of cash flows presents the operations that were carried out during the period, i.e., those that were materialized with the receipt or payment of the item in question; whereas the statement of comprehensive income shows the operations accrued during the same period, i.e., when they are recognized accounting-wise at the moment they occur, regardless of the date they are considered carried out for accounting purposes.

The statement of cash flows allows entities to improve the comparability of information on operational performance with different entities, because it eliminates the effects generated by the use of different accounting treatments for the same transactions and economic events.

Historical information on cash flows is used as an indicator of the amount, timing of generation, and probability of future cash flows. Furthermore, this information is useful to verify the accuracy of past forecasts of future cash flows, to analyze the relationship between profitability and net cash flows, as well as, where applicable, the effects of inflation when there is an inflationary environment.

Definition of Terms

Financing Activities. - Those related to the obtaining, as well as the remuneration and reimbursement of funds coming from i) the owners of the entity; ii) creditors granting financing not related to usual operating activities, and iii) the issuance by the entity of financial instruments that qualify as liability or financial instruments that qualify as equity.

Investing Activities. - Those related to the acquisition and disposal of i) property, plant and equipment, intangible assets, and other assets intended for use or for the provision of services; ii) long-term financial instruments; and iii) permanent investments in financial instruments that qualify as equity.

Operating Activities. - Those that constitute the main source of income for the entity; they include other activities that cannot be classified as investing or financing.

Cash and Cash Equivalents. - This concept is understood as established by criterion B-1 "Cash and Cash Equivalents".

Cash Inflows. - Operations that cause increases in the balance of cash and cash equivalents.

Cash Flows. - Inflows and outflows of cash and cash equivalents. Movements between items that constitute cash and cash equivalents are not considered cash flows, since these components are part of the management of the entity's cash and cash equivalents, rather than its operating, investing, or financing activities.

Cash Outflows. - Operations that cause decreases in the balance of cash and cash equivalents.

Nominal Value. - The amount of cash or cash equivalents paid or received in an operation, which is represented in the first case by the acquisition cost and in the second case by the historical resource, in accordance with NIF A-6 "Recognition and Valuation".

Presentation Standards

General Considerations

Entities must exclude from the statement of cash flows all operations that did not affect cash flows. For example:

conversion of debt to equity and distribution of dividends in shares;

acquisition of an entity with payment in shares;

share-based payments to employees;

operations negotiated with asset exchange;

e) creation of reserves and any other transfer between equity accounts, and

effects from recognition of fair value.

Structure of the Statement of Cash Flows

Entities must classify and present cash flows according to their nature in operating, investing, and financing activities, attending to their economic substance and not the form used to carry them out.

The structure of the statement of cash flows must include, at a minimum, the following items:

operating activities;
investing activities;
financing activities;
net increase or decrease in cash and cash equivalents;
effects from changes in the value of cash and cash equivalents;
cash and cash equivalents at the beginning of the period, and
cash and cash equivalents at the end of the period.

Operating Activities

Cash flows from operating activities are an indicator of the extent to which these activities have generated sufficient liquid funds to maintain the entity's operating capacity, to make new investments without resorting to external financing sources, and, where applicable, to pay financing and dividends.

Because cash flows related to these activities are those derived from operations that constitute the entity's main source of income, in this section, activities that intervene in the determination of its net income are included, except those associated with either investing or financing activities. Some examples of cash flows from operating activities are:

Payments for the acquisition of investments in financial instruments (securities).

Payments of premiums for the acquisition of options.

Receipts of premiums for the sale of options.

Cash and cash equivalents outflows for repo debtors.

Cash and cash equivalents outflows for securities lending.

Cash and cash equivalents outflows from other receivables.

Cash and cash equivalents inflows from securities liabilities.

Cash and cash equivalents inflows from repo creditors.

Cash and cash equivalents inflows from securities lending.

Cash and cash equivalents inflows from collateral sold or given as guarantee.

Receipts of interest income referred to in criterion D-2 "Statement of Comprehensive Income", as well as its main associate, coming from, among others, the following concepts:

cash and cash equivalents (with the exception of gains or losses from changes coming from this concept);

margin accounts (financial derivatives);

other receivables;

investments in financial instruments, and

repo debtors.

Payments of interest expenses referred to in criterion D-2, as well as its main associate, coming from, among others, the following concepts:

securities liabilities;

bank loans and loans from other organizations;

repo creditors, and

financial instruments that qualify as liability.

Receipts and payments, as applicable, of commissions and fees generated by:

loans received;

debt placement, and

provision of services (buying and selling of financial instruments, fund transfer, custody or administration of resources on behalf of clients, advisory and financial intermediation, among others).

Receipts and payments from the buying and selling of currencies and minted precious metals, investments in financial instruments, and financial derivatives.

Receipts and payments from securitization operations.

Receipts and payments related to financial derivatives for trading purposes.

Receipts and payments associated with hedging financial derivatives of hedged items classified as operating activities.

Payments for direct benefits to employees, fees, rents, promotion and advertising expenses, among other administrative expenses.

Payments of income tax.

Refunds of income tax

Income Tax

Income taxes must be presented in a separate line item within the classification of operating activities, unless it is practical to relate them to investing or financing activities, as is the case of tax derived from discontinued operations.

Investing Activities

Cash flows related to investing activities represent the extent to which entities have allocated resources to items that will generate income and cash flows in the medium and long term.

Cash flows from investing activities are, for example, the following:

Payments for long-term financial instruments.

Receipts for long-term financial instruments.

Payments for the acquisition of property, plant and equipment.

Receipts for the disposal of property, plant and equipment.

Payments for discontinued operations

Receipts for discontinued operations.

Payments for the acquisition of subsidiaries

Receipts for the disposal of subsidiaries.

Payments for the acquisition of associates, joint ventures, and other permanent investments.

Receipts for the disposal of associates, joint ventures, and other permanent investments.

Receipts of dividends in cash and cash equivalents from permanent investments.

Payments for the acquisition of intangible assets.

Receipts for the disposal of intangible assets.

Receipts associated with hedging financial derivatives of hedged items classified as investing activities.

Payments associated with hedging financial derivatives of hedged items classified as investing activities.

Acquisitions and Disposals of Subsidiaries and Other Businesses

Cash flows derived from acquisitions or disposals of subsidiaries and other businesses must be classified as investing activities; furthermore, they must be presented in a single separate line item involving the entire acquisition or, where applicable, disposal operation, instead of presenting the individual acquisition or disposal of the assets and liabilities of said businesses at the date of acquisition or disposal. Cash flows derived from acquisitions must not be offset by those from disposals.

Cash flows paid for the acquisition of subsidiaries and other businesses must be presented net of the balance of cash and cash equivalents acquired in said operation.

Cash flows received for the disposal of subsidiaries and other businesses (discontinued operations) must be presented net of the balance of cash and cash equivalents disposed of in said operation. Furthermore, this amount must be net of the income tax attributable to such disposal. In the case of foreign operations, this amount must be shown net of the cumulative adjustment for conversion attributable to said operations.

Financing Activities

Cash flows allocated to financing activities show the entity's capacity to restore to its owners and creditors the resources they initially allocated to the entity, and, where applicable, to pay them returns.

Cash flows from financing activities are, for example, the following:

Receipts from obtaining bank loans and loans from other organizations

II.

Payments of bank loans and loans from other organizations

III.

Receipts in cash and cash equivalents from the issuance or generation of shares of the entity itself, net of the related issuance expenses.

IV.

Payments in cash and cash equivalents to owners for refunds of social capital, dividends, or associated with the repurchase of own shares.

Receipts from the issuance of financial instruments that qualify as equity.

VI.

Payments associated with financial instruments that qualify as equity.

VII.

Receipts from the issuance of financial instruments that qualify as liability.

VIII.

Payments associated with financial instruments that qualify as liability.

Net Increase or Decrease in Cash and Cash Equivalents

After classifying cash flows in operating activities, investing activities, and financing activities, the net cash flows from these three sections must be presented.

Effects from Changes in the Value of Cash and Cash Equivalents

Entities must present in a separate line item, as applicable, the following:

the effects from conversion referred to in paragraph 43, which arise from having used different exchange rates for the conversion of the initial balance, the final balance, and the cash and cash equivalents flows, of a foreign operation;

the effects from gains or losses from changes in cash and cash equivalents referred to in paragraph 46, which includes the difference generated by the conversion of the initial balance of cash and cash equivalents at the closing exchange rate of the day on the closing date of the previous period, published by the Bank of Mexico on its Internet page,

www.banxico.org.mx or the one that replaces it, and of the final balance of cash and cash equivalents at the closing exchange rate of the day on the closing date of the current period, published by the Bank of Mexico on the aforementioned Internet page;

effects on the balances of cash and cash equivalents from changes in their value resulting from fluctuations in the exchange rate and their fair value, and

inflation effects associated with the balances and cash flows of cash and cash equivalents of any of the entities that make up the consolidated economic entity and that are in an inflationary economic environment.

The effects referred to in the previous paragraph must be presented in the statement of cash flows in a segregated manner to allow for adequate reconciliation between the cash balance at the beginning and at the end of the period.

Cash and Cash Equivalents at the Beginning of the Period

Entities must present a separate line item named "Cash and Cash Equivalents at the Beginning of the Period", which corresponds to the balance of cash and cash equivalents presented in the statement of financial position at the end of the previous period (including restricted cash and cash equivalents), in order to reconcile it with the balance of cash and cash equivalents at the end of the current period.

Cash and Cash Equivalents at the End of the Period

Entities must present a separate line item named "Cash and Cash Equivalents at the End of the Period", which must be determined by the algebraic sum of the items: "Net increase in cash and cash equivalents" or "Net decrease in cash and cash equivalents", "Effects from changes in the value of cash and cash equivalents", and "Cash and Cash Equivalents at the Beginning of the Period". This sum must correspond to the balance of cash and cash equivalents presented in the statement of financial position at the end of the period.

Additional Considerations

Financial Derivatives for Hedging Purposes

When a financial derivative is held for hedging purposes, the cash flows of said instrument must be classified in the same way as the cash flows associated with the hedged item.

Dividends

Cash flows derived from dividends received must be presented in a specific line item within the same group of activities in which the cash flows of the item with which they are associated are presented. For example: inflows of cash flows from dividends received from investments in financial instruments must be presented, as with said instruments, in operating activities; if the dividends received derive from a permanent investment in an associated entity, such cash flows must be presented in investing activities.

Cash outflows for dividends paid must be presented in financing activities because they represent the remuneration to the owners of an entity for the resources obtained from them.

Procedure for Preparing the Statement of Cash Flows

To determine and present the cash flows from operating activities, the entity must apply the indirect method, through which the result before income tax is increased or decreased; this amount is adjusted for the effects of operations from previous periods collected or paid in the current period and for operations of the current period of deferred collection or payment into the future; furthermore, it is adjusted for operations that are associated with investing or financing activities.

Cash flows related to operating activities must be determined by increasing or decreasing the result before income tax by the effects of:

items considered associated with:

investing activities, for example, depreciation and gains or losses on the sale of property, plant and equipment, amortization of intangible assets, impairment losses on long-term assets, as well as participation in the net result of other entities;

II.

financing activities, for example, interest associated with bank loans and loans from other organizations, and interest associated with financial instruments that qualify as equity.

changes that occur during the period in the items that form part of the entity's working capital; that is, that occur in the balances of the operational items of the entities' statement of financial position during the period, such as those indicated in paragraph 20.

Investing and Financing Activities

Entities must determine and present separately, after the operating activities item, the cash flows derived from the main concepts of gross receipts and payments related to investing and financing activities, i.e., receipts and payments must not be offset against each other.

Conversion of the cash flow statement of a foreign operation to the reporting currency

In the conversion of the cash flow statement from the functional currency to the reporting currency of a foreign operation that is in a non-inflationary economic environment, entities must adhere to the following:

a) cash flows for the period must be converted at the closing exchange rate on the date each flow was generated, which shall be the exchange rate published by the Bank of Mexico on its Internet website, www.banxico.org.mx or its successor;

b) the opening balance of cash and cash equivalents must be converted at the closing exchange rate on the date of the end of the previous period, published by the Bank of Mexico on the aforementioned Internet website, and

c) the closing balance of cash and cash equivalents must be converted at the closing exchange rate on the date of the end of the current period, published by the Bank of Mexico on the aforementioned Internet website.

In the conversion of the cash flow statement from the functional currency to the reporting currency of a foreign operation that is in an inflationary economic environment, entities must adhere to the following:

a) cash flows for the period must be converted at the closing exchange rate on the date of the end of the current period, published by the Bank of Mexico on its Internet website, www.banxico.org.mx or its successor;

b) the opening balance of cash and cash equivalents must be converted at the closing exchange rate on the date of the end of the current period, published by the Bank of Mexico on the aforementioned Internet website, and

For the conversion of cash flows for the period, for practical reasons, a representative exchange rate of the conditions existing on the dates when the cash flows were generated may be used, such as the weighted average exchange rate of the period; however, when exchange rates have varied significantly during the period, such an exchange rate must not be used.

The effect arising from conversion due to the use of different exchange rates for the conversion of the opening balance, the closing balance, and the cash flows must be presented in the item called "Effects from changes in the value of cash and cash equivalents," referred to in paragraph 30. This effect must correspond to what would have been obtained if both the opening balance of cash and the cash flows for the period had been converted at the closing exchange rate used to convert the closing balance of cash and cash equivalents.

Conversion of balances or cash flows in foreign currency

In order to determine the changes in the balances of foreign currency operational items from operating activities, these must be converted at the closing exchange rate published by the Bank of Mexico on its Internet website, www.banxico.org.mx or its successor, on the date of the end of the period.

Cash flows arising from foreign currency transactions related to investment and financing activities will be converted to the entity's reporting currency by applying to the amount in foreign currency the closing exchange rate on the date each flow occurred, which shall be the one published by the Bank of Mexico on the aforementioned Internet website.

Gains or losses from exchange rate variations are not cash flows. However, the effect of exchange rate variations on cash and cash equivalents held or payable in foreign currency is presented in the cash flow statement in order to reconcile cash and cash equivalents at the beginning and end of the period. This effect must be presented separately from the operating, investment, and financing activity items, within the item called "Effects from changes in the value of cash and cash equivalents," referred to in paragraph 30, which includes differences, if any, from presenting cash flows at the closing exchange rate of the current period.

Effects of inflation

When, in accordance with what is established in NIF B-10 "Effects of Inflation," the economic environment corresponds to a non-inflationary environment, entities must present their cash flow statement expressed in nominal values, whereas, if said economic environment is inflationary, entities must present their cash flow statement expressed in monetary units of purchasing power at the date of the end of the current period.

In cases where the entity's economic environment is inflationary, as part of operations that did not affect cash flows, the effects of inflation recognized in the period within the financial statements must be excluded, in order to determine a cash flow statement at nominal values. Such cash flows must be presented expressed in monetary units of purchasing power at the date of the end of the current period.

When the entity's environment has changed from non-inflationary to inflationary, cash flow statements for previous periods must be presented expressed in monetary units of purchasing power of the date of the end of the current period.

In cases where the entity's economic environment has changed from inflationary to non-inflationary, cash flow statements for previous periods must be presented expressed in the monetary units of purchasing power of the last cash flow statement presented within an inflationary environment and included in said comparative presentation.

Investments in other entities

Cash flows between the holding entity and its unconsolidated subsidiaries, associates, and joint ventures must be presented in the cash flow statement; that is, they must not be eliminated; for example, cash flows related to intercompany operations or the collection and payment of dividends.

In the preparation of the consolidated cash flow statement, cash flows that occurred during the period between the entities that form part of the economic entity being consolidated must be eliminated. For example, cash flows derived from intercompany operations, capital contributions, and dividends paid.

In cases where a controlling entity purchases or sells shares of a subsidiary to the non-controlling interest, the cash flows associated with said operation must be presented as financing activities, within the consolidated cash flow statement. This is because this operation is considered a transaction between owners.

Disclosure Standards

The following must be disclosed in notes to the financial statements:

a) when cash flows related to income taxes have been segregated into the different groups of activities within the cash flow statement, total flows for said taxes must be disclosed;

b) the amount of unused loans that may be available for operating activities or for the payment of investment or financing operations, indicating restrictions on the use of funds from said loans;

c) relevant operations, investment, and financing that did not require the use of cash or cash equivalents. For example, the acquisition of property, plant, and equipment through financing;

d) the total amounts of cash flows from operating, investment, and financing activities for each of the business segments considered for preparing the financial statements in accordance with the clarifications to NIFs contained in criterion A-2 "Application of particular standards," in relation to NIF B-5 "Segment financial information";

e) the total amount of cash flows representing surpluses for future investments or for payments of financing or returns to owners, as well as those increases in operational capacity, separated from cash flows that are essentially required to maintain the entity's operational capacity, and

f) relevant changes, whether or not they required the use of cash or cash equivalents, in liabilities considered as part of financing activities; preferably, a reconciliation of the opening and closing balances of said items should be made. An entity must disclose the following regarding financing activity liabilities:

i. changes in cash flows;

ii. changes derived from obtaining or losing control of subsidiaries and other businesses;

iii. the effect of changes from exchange rate fluctuations;

iv. changes in associated financial assets, whose cash flows must be presented as part of financing activities; such as changes in financial assets used as hedges of financial liabilities, and

v. other relevant changes considered.

Likewise, the following must be disclosed with respect to acquisitions and disposals of subsidiaries and other entities:

a) the total consideration derived from said acquisitions or disposals, broken down:

i) the portion of the consideration paid or received in cash and cash equivalents, and

ii) the amount of cash and cash equivalents held by the acquired or disposed subsidiary or entity on the date of acquisition or disposal;

b) the amount of assets and liabilities other than cash and cash equivalents of the acquired or disposed subsidiary or entity on the date of acquisition or disposal. These amounts must be grouped by major items, and

c) the amount of income tax payment attributable to the disposals of subsidiaries and other entities.

NAME OF THE BROKERAGE HOUSE

ADDRESS

CASH FLOW STATEMENT

FROM __ OF __________ TO __ OF __________ OF ____

EXPRESSED IN MONETARY UNITS OF PURCHASING POWER OF ________ OF _______ (1)

(Amounts in millions of pesos)

Operating Activities

Income before income taxes

Adjustments for items associated with investment activities:

Depreciation of property, plant, and equipment

Amortization of intangible assets

Losses or reversal of losses from impairment of long-term assets

Share in net income of other entities

Other adjustments for items associated with investment activities

Discontinued operations

Long-term assets held for sale or for distribution to owners

Adjustments for items associated with financing activities:

Interest associated with bank and other organizational loans

Interest associated with financial instruments qualifying as liabilities

Interest associated with financial instruments qualifying as equity

Other interest

Sum

Changes in operational items

Change in margin accounts

(dерivative financial instruments)

Change in investments in financial instruments (securities) (net)

Change in repo debtors (net)

Change in securities lending (asset)

Change in derivative financial instruments (asset)

Change in benefits to be received in securitization operations

Change in other accounts receivable (net)

Change in other operational assets (net)

Change in stock exchange liabilities

Change in repo creditors

Change in securities lending (liability)

Change in sold or pledged collateral

Change in derivative financial instruments (liability)

Change in obligations in securitization operations

Change in other operational liabilities

Change in hedging derivative financial instruments (of covered items related to operating activities)

Change in employee benefit assets/liabilities

Change in other accounts payable

Change in other provisions

Refunds of income taxes

Payments of income taxes

Net cash flows from operating activities

Investment Activities

Payments for long-term financial instruments

Collections from long-term financial instruments

Payments for acquisition of property, plant, and equipment

Collections from disposal of property, plant, and equipment

Payments for discontinued operations

Collections from discontinued operations

Payments for acquisition of subsidiaries

Collections from disposal of subsidiaries

Payments for acquisition of associates, joint ventures, and other permanent investments

Collections from disposal of associates, joint ventures, and other permanent investments

Collections of cash dividends from permanent investments

Payments for acquisition of intangible assets

Collections from disposal of intangible assets

Collections associated with hedging derivative financial instruments (of covered items related to investment activities)

Payments associated with hedging derivative financial instruments (of covered items related to investment activities)

Other collections from investment activities

Other payments from investment activities

Net cash flows from investment activities

Financing Activities

Collections from obtaining bank and other organizational loans

Payments of bank and other organizational loans

Payments of lease liabilities

Collections from issuance of shares

Payments for share capital refunds

Collections from issuance of financial instruments qualifying as equity

Payments associated with financial instruments qualifying as equity

Payments of cash dividends

Payments associated with repurchase of own shares

Collections from issuance of financial instruments qualifying as liabilities

Payments associated with financial instruments qualifying as liabilities

Payments of interest on lease liabilities

Collections associated with hedging derivative financial instruments (of covered items related to financing activities)

Payments associated with hedging derivative financial instruments (of covered items related to financing activities)

Other collections from financing activities

Other payments from financing activities

Net cash flows from financing activities

Net increase or decrease in cash and cash equivalents

Effects from changes in the value of cash and cash equivalents

Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period

$ __________

The concepts appearing in this statement are shown in an enumerative but not exhaustive manner.

(1) This line will be omitted if the economic environment is "non-inflationary".

ANNEX 6

FINANCIAL INDICATORS

SOLVENCY = Total Assets / Total Liabilities

LIQUIDITY = Current Assets / Current Liabilities.

Where:

Current Assets = Cash and cash equivalents + Negotiable financial instruments without restriction + Financial instruments to collect or sell without restriction + Assets expected to be realized within twelve months following the date of the statement of financial position.

Current Liabilities = Liabilities representing settlement commitments

exigible within twelve months following the date of the statement of financial position.

LEVERAGE = Total Liabilities / Equity Capital

ROE = Net Income / Equity Capital

ROA = Net Income / Productive Assets

Where:

Productive Assets = Cash and cash equivalents, Investments in financial instruments and

Securities and derivatives operations.

OTHERS:

Related to capital:

Capital requirement / Net capital

Related to period results:

Financial margin / Total operating income

Operating result / Total operating income

Net income / Administrative expenses

Administrative expenses / Total operating income

Net result / Administrative expenses

Personnel expenses / Total operating income

Annex 9

Regulatory reports of brokerage houses

Index

Series R01 Minimum Catalog

Periodicity

A-0111

Minimum Catalog

Monthly

Series R03 Investments in securities Periodicity

E-0304

Assignments

Daily

E-0305

Orders

Daily

Series R05 Accounts receivable

Periodicity

A-0511

Accounts receivable

Monthly

B-0521

Disaggregated accounts receivable

Monthly

Series R07 Deferred taxes

Periodicity

A-0711

Deferred taxes

Monthly

Series R10 Reclassifications

Periodicity

A-1011

Reclassifications in the statement of financial position

Monthly

A-1012

Reclassifications in the statement of comprehensive income

Monthly

Series R12 Consolidation

Periodicity

A-1219

Consolidation of the statement of financial position of the

brokerage house with its subsidiaries

Monthly

A-1220

Consolidation of the statement of comprehensive income of the

brokerage house with its subsidiaries

Monthly

Series R13 Financial statements

Periodicity

A-1311

Statement of changes in equity capital

Quarterly

A-1316

Cash flow statement

Quarterly

B-1321

Statement of financial position

Monthly

B-1322

Statement of comprehensive income

Monthly

Series R14 Qualitative information

Periodicity

A-1413

Number of accounts

Monthly

A-1414

Number of employees

Monthly

Series R18 Accounts payable

Periodicity

A-1811

Other accounts payable

Monthly

A-1821

Disaggregated of various creditors and other accounts

payable

Monthly

SERIES R01 MINIMUM CATALOG

This series is integrated by one (1) report, whose frequency of preparation and presentation must be monthly.

REPORT

A-0111

Minimum Catalog

In this report, the balances at the end of the period of all concepts that

form part of the statement of financial position and the statement of comprehensive income of the

Brokerage House are requested. The report is requested in two subtotals:

National currency, VSM and UDIS valued in pesos.
Foreign currency valued in pesos.

To fill out report A-0111 Minimum Catalog, the following aspects must be considered:

In the report, the balances of the institution without consolidation must be presented. The balances of all concepts

presented in report A-0111 Minimum Catalog must be consistent with those reported in

the regulatory reports that are applicable.

For the case of the minimum catalog concepts denominated in national currency, VSM, UMA and UDIS

valued in pesos, these concepts must coincide with the sum of the concepts provided in the

regulatory reports in national currency, VSM, UMA and UDIS valued in pesos; while the

concepts denominated in foreign currency valued in pesos must coincide with the concepts

provided in the other regulatory reports in foreign currency valued in pesos.

Data referring to balances must be presented in national currency, foreign currency, VSM,

UMA and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate

indicated in the current accounting criteria. Such balances must be presented in pesos, with two decimals and

without commas. For example: $20,585.70 would be 20585.70.

CAPTURE FORMAT

Entities will carry out the sending of the information related to report A-0111

Minimum

Catalog described above, by using the following capture format:

REQUESTED INFORMATION

SECTION

REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION INFORMATION

FINANCIAL INFORMATION

CONCEPT

CURRENCY

DATA

Entities will report the information indicated in this series, which must comply with the

validations and quality standards indicated by the National Banking and Securities Commission (Commission),

adhering to the characteristics and specifications for filling out and sending information presented in

the support guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in that which, if applicable, is made known by the Commission. Once the

validations and quality standards are met, the SITI will generate an electronic receipt.

The information must be sent only once and will be received assuming it meets all characteristics

and specifications, in virtue of which it cannot be modified and must present consistency with the

various reports in which the same information is included at a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, it will be considered

as non-compliance with the obligation of its presentation and, consequently, the imposition of the

corresponding sanctions will proceed in accordance with the legal provisions that are applicable.

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency and UDIS valued in pesos

Figures in pesos

Concept

National currency and

UDIS valued

Foreign currency

valued

OFF-BALANCE SHEET ACCOUNTS

Operations on behalf of clients

Clients current accounts

Client banks

National currency

Foreign currency

Cash in guarantee for securities lending

Dividends collected from clients

Interest collected from clients

Settlement of client operations

For sale of securities

For arbitrage

For future operations

For trusts

S.D. INDEVAL

Premiums collected from clients

Settlements with client currencies

Margin accounts

Credit lines granted to clients as guarantee for securities lending

Credit lines granted to clients as guarantee for future operations

Credit lines granted to clients as guarantee for options

Credit lines granted to clients as guarantee for share purchases

Other current accounts

Client investments deposited in banks

Custody operations

Client financial instruments received in custody

Government debt

Bank debt

Other debt titles

Capital financial instruments

Commercial, industrial and service capital financial instruments

Investment fund capital financial instruments

Coupons

Gold and silver inventories

Financial instruments in trust

Client Financial Instruments Abroad

Administration Operations

Repo Operations on Behalf of Clients

Debtors for Repo on Behalf of Clients

Creditors for Repo on Behalf of Clients

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

Securities Lending Operations on Behalf of Clients

Securities Subject to the Operation Delivered

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Securities Subject to the Operation Received

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Collateral Received as Guarantee on Behalf of Clients

In Repos

Government Debt

Bank Debt

Other Debt Securities

In Securities Lending

Cash

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Letters of Credit

In Derivative Financial Instruments

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Other

Other Collateral Received as Guarantee for Other Operations on Behalf of Clients

Collateral Delivered as Guarantee on Behalf of Clients

In Repos

Government Debt

Bank Debt

Other Debt Securities

In Securities Lending

Cash

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Letters of Credit

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

In Derivative Financial Instruments

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Other

Other Collateral Delivered as Guarantee for Other Operations on Behalf of Clients

Operations for Purchase of Derivative Financial Instruments

Client Futures and Forward Contracts (Notional Amount)

Futures

Forward Contracts

Options

Swaps

Client Derivative Financial Instrument Packages

Operations for Sale of Derivative Financial Instruments

Client Futures and Forward Contracts (Notional Amount)

Futures

Forward Contracts

Options

Swaps

Client Derivative Financial Instrument Packages

Administered Trusts

Proprietary Operations

Contingent Assets and Liabilities

Collateral Received by the Entity

Cash Administered in Trust

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Other

Collateral Received and Sold or Delivered as Guarantee by the Entity

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Other

Other Registration Accounts

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

ASSET

Cash and Cash Equivalents

Cash on Hand

Banks

Deposits in Financial Entities

Foreign Exchange to be Delivered

Immediate Collection Documents

Minted Precious Metals

High-Liquidity Financial Instruments

Restricted Cash and Cash Equivalents or Given as Guarantee

Foreign Exchange to be Received

Cash Administered in Trust

Other

Margin Accounts (Derivative Financial Instruments)

Cash

Investments in Financial Instruments

Other Assets

Investments in Financial Instruments

Negotiable Financial Instruments

Negotiable Financial Instruments Without Restriction

Government Debt

In Position

To be Delivered

Bank Debt

In Position

To be Delivered

Other Debt Securities

In Position

To be Delivered

Equity Financial Instruments

In Position

To be Delivered

Negotiable Financial Instruments Restricted or Given as Guarantee in

Repo Operations

Government Debt

Bank Debt

Other Debt Securities

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

Negotiable Financial Instruments Restricted or Given as Guarantee in

Securities Lending Operations

Government Debt

Bank Debt

Other Debt Securities

Equity Financial Instruments

Negotiable Financial Instruments Restricted or Given as Guarantee

(Other)

Government Debt

In Position

To be Received

Bank Debt

In Position

To be Received

Other Debt Securities

In Position

To be Received

Equity Financial Instruments

In Position

To be Received

Financial Instruments to Collect or Sell

Financial Instruments to Collect or Sell Without Restriction

Government Debt

In Position

To be Delivered

Bank Debt

In Position

To be Delivered

Other Debt Securities

In Position

To be Delivered

Equity Financial Instruments

In Position

To be Delivered

Financial Instruments to Collect or Sell Restricted or Given as

Guarantee in Repo Operations

Government Debt

Bank Debt

Other Debt Securities

Financial Instruments to Collect or Sell Restricted or Given as

Guarantee in Securities Lending Operations

Government Debt

Bank Debt

Other Debt Securities

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

Financial Instruments to Collect or Sell Restricted or Given as

Guarantee (Other)

Government Debt

In Position

To be Received

Bank Debt

In Position

To be Received

Other Debt Securities

In Position

To be Received

Equity Financial Instruments

In Position

To be Received

Financial Instruments to Collect Principal and Interest (Securities)

Financial Instruments to Collect Principal and Interest Without Restriction

Government Debt

In Position

To be Delivered

Bank Debt

In Position

To be Delivered

Other Debt Securities

In Position

To be Delivered

Equity Financial Instruments

In Position

To be Delivered

Financial Instruments to Collect Principal and Interest Restricted or

Given as Guarantee in Repo Operations

Government Debt

Bank Debt

Other Debt Securities

Financial Instruments to Collect Principal and Interest Restricted or

Given as Guarantee in Securities Lending Operations

Government Debt

Bank Debt

Other Debt Securities

Financial Instruments to Collect Principal and Interest Restricted or

Given as Guarantee (Other)

Government Debt

In Position

To be Received

Bank Debt

In Position

To be Received

Other Debt Securities

In Position

To be Received

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

Estimation of Expected Credit Losses for Investments in

Financial Instruments to Collect Principal and Interest (Securities)

Financial Instruments to Collect Principal and Interest Without Restriction

Government Debt

In Position

To be Delivered

Bank Debt

In Position

To be Delivered

Other Debt Securities

In Position

To be Delivered

Equity Financial Instruments

In Position

To be Delivered

Financial Instruments to Collect Principal and Interest Restricted or

Given as Guarantee in Repo Operations

Government Debt

Bank Debt

Other Debt Securities

Financial Instruments to Collect Principal and Interest Restricted or

Given as Guarantee in Securities Lending Operations

Government Debt

Bank Debt

Other Debt Securities

Financial Instruments to Collect Principal and Interest Restricted or

Given as Guarantee (Other)

Government Debt

In Position

To be Received

Bank Debt

In Position

To be Received

Other Debt Securities

In Position

To be Received

Debtors for Repo

Securities Lending

Derivative Financial Instruments

For Trading Purposes

Futures to be Received

Forwards to be Received

Valuation

Credit Risk Adjustment

Options

Valuation

Credit Risk Adjustment

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

Swaps

Valuation

Credit Risk Adjustment

Derivative Financial Instrument Packages

Valuation

Credit Risk Adjustment

Credit Risk Adjustment by Counterparty

For Hedging Purposes

Futures to be Received

Valuation

Valuation of the Hedged Item

Forwards to be Received

Valuation

Valuation of the Hedged Item

Credit Risk Adjustment

Options

Valuation

Valuation of the Hedged Item

Credit Risk Adjustment

Swaps

Valuation

Valuation of the Hedged Item

Credit Risk Adjustment

Derivative Financial Instrument Packages

Valuation

Valuation of the Hedged Item

Credit Risk Adjustment

Credit Risk Adjustment by Counterparty

Valuation Adjustments for Financial Asset Hedging

Benefits to be Received in Securitization Operations

Benefits on the Remainder in Securitization Operations

Asset for Administration of Transferred Financial Assets

Accounts Receivable

Debtors for Operation Settlement

Foreign Exchange Sales and Purchases

Investments in Financial Instruments

Repos

Securities Lending

Derivative Financial Instruments

By Issuance of Securities

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

Debtors for Margin Accounts

Debtors for Cash Collateral Granted

Fiduciary Rights

Other Debtors

Premiums, Commissions, and Rights to be Received

Current and Margin Account Clients

Loans and Other Debts of Personnel

Other Debtors

Taxes to be Recovered

Dividends to be Received from Equity Financial Instruments

Conditional Accounts Receivable

Other Accounts Receivable

Estimation of Expected Credit Losses

Other Debtors

Conditional Accounts Receivable

Other Accounts Receivable

Long-Term Assets Held for Sale or for Distribution to Owners

Subsidiaries

Belonging to the Financial Sector

Not Belonging to the Financial Sector

Associates

Belonging to the Financial Sector

Not Belonging to the Financial Sector

Joint Ventures

Belonging to the Financial Sector

Not Belonging to the Financial Sector

Other Permanent Investments

Belonging to the Financial Sector

Not Belonging to the Financial Sector

Other

Belonging to the Financial Sector

Not Belonging to the Financial Sector

Assets Related to Discontinued Operations

Prepayments and Other Assets

Deferred Charges

Insurance to be Amortized

Other Deferred Charges

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National Currency and

UDIS Valued

Foreign Currency

Valued

Prepayments

Interest Paid in Advance

Commissions Paid in Advance

Advance or Provisional Tax Payments

Rent Paid in Advance

Other Prepayments

Security Deposits

Employee Benefits Assets

Plan Assets to Cover Employee Benefits

Long-Term Direct Benefits

Post-Employment Benefits

Pensions

Seniority Premium

Other post-employment benefits

Termination benefits

Termination benefits for reasons other than restructuring

Termination benefits due to restructuring

Fees

Rents

Promotion and advertising expenses

Taxes and various rights

Non-deductible expenses

Technology expenses

Depreciations

Of the period

By assets for use rights of properties, furniture, and equipment

Amortizations

Of the period

By assets for use rights of intangible assets

Loss from impairment or reversal effect of impairment of real

estate and other assets in use

Telephones and communication expenses

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National currency and

UDIS valued

Foreign currency

valued

CNBV inspection and surveillance fees

Maintenance expenses

Other administration and promotion expenses

Increase due to updating of administration and promotion expenses (1)

Participation in the net result of other entities

Result of the exercise of unconsolidated subsidiaries, associates, and

joint ventures

In unconsolidated subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

In associates

Belonging to the financial sector

Not belonging to the financial sector

In joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Dividends from permanent investments

Valuation of permanent investments available for sale

Adjustments associated with other permanent investments

Impairment or reversal effect of impairment of permanent investments

Increase due to updating of participation in the net result of other

entities (1)

Income tax

Income taxes incurred

Deferred income taxes

Temporary differences

Tax losses

Tax credits

Estimation for non-recoverable income taxes

Temporary differences

Tax losses

Tax credits

Increase due to updating of income taxes (1)

Discontinued operations

Increase due to updating of discontinued operations (1)

Other comprehensive income

Valuation of financial instruments to collect or sell

Period effect

Valuation

Effect of deferred income tax and PTU

Estimation for non-recoverable deferred income tax and PTU

Increase due to updating of the valuation of financial instruments

to collect or sell (1)

Brokerage Houses

Series R01 Minimum Catalog

Report A-0111 Minimum Catalog

Includes figures in national currency, foreign currency, and UDIS valued in pesos

Figures in pesos

Concept

National currency and

UDIS valued

Foreign currency

valued

Valuation of financial derivative instruments for hedging cash flows

Period effect

Valuation

Effect of deferred income tax and PTU

Estimation for non-recoverable deferred income tax and PTU

Increase due to updating of the valuation of financial derivative

instruments for hedging cash flows (1)

Income and expenses related to assets held for disposal

Period effect

Result

Effect of deferred income tax and PTU

Estimation for non-recoverable deferred income tax and PTU

Increase due to updating of income and expenses related to

assets held for disposal (1)

Remediation of defined benefits to employees

Period effect

Valuation

Effect of deferred income tax and PTU

Estimation for non-recoverable deferred income tax and PTU

Increase due to updating of the remediation of defined benefits to

employees (1)

Accumulated effect due to conversion

Period effect

Valuation

Effect of deferred income tax and PTU

Estimation for non-recoverable deferred income tax and PTU

Increase due to updating of the accumulated effect due to conversion (1)

Result from holding non-monetary assets

Period effect

Valuation

Effect of deferred income tax and PTU

Estimation for non-recoverable deferred income tax and PTU

Increase due to updating of the result from holding non-monetary

assets (1)

Participation in OCI of other entities

Period effect

Valuation

Effect of deferred income tax and PTU

Estimation for non-recoverable deferred income tax

Increase due to updating of participation in OCI of other

entities

(1)

Brokerage Houses

(1) These concepts will be applicable under an inflationary economic environment based on what is established in the

Financial Reporting Standard B-10 "Effects of Inflation", issued by the Mexican Council of Financial Reporting Standards, A.C. (CINIF).

SERIES R03 INVESTMENTS IN SECURITIES

This series is integrated by two (2) reports, the E-0304 Allocations with daily preparation frequency on the

settlement date of operations with securities carried out in the electronic trading systems

of the Stock Exchanges and E-0305 Orders which must be submitted on the same day that they were entered

orders derived from instructions issued by clients in the house's reception and assignment system

brokerage, as well as the underlying positions to the orders, on the same day they are transmitted to the

electronic trading system.

REPORT

E-0304

Allocations

This report will detail the information necessary to know the allocations of

operations carried out in the electronic trading systems of the stock exchanges

that brokerage houses have registered in their reception and

assignment system. It contains the necessary information to know the operations carried out

by clients that were effectively executed in the equity market of

accordance to Title Third of the Provisions.

E-0305

Orders

This report will detail the information necessary to know the characteristics

general of the orders that brokerage houses have registered in their system of

reception and assignment. This report contains the necessary information to know the

orders derived from instructions issued by clients of brokerage houses, and at

its turn the underlying positions to the orders that were entered into the systems of

negotiation of the stock exchanges during each day of operation in the market of

equity according to Title Third of the Provisions.

CAPTURE FORMAT

Brokerage houses will carry out the sending of information related to report E-0304

Allocations, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION CLIENT DATA

CLIENT NAME

CLIENT FIRST LAST NAME

CLIENT SECOND LAST NAME

CLIENT RFC

CLIENT CURP

PERSON TYPE

KEY OF THE STATE OF THE CLIENT'S ADDRESS

KEY OF THE MUNICIPALITY OF THE CLIENT'S ADDRESS

KEY OF THE COUNTRY OF THE CLIENT'S ADDRESS

CLIENT ADDRESS POSTAL CODE

REPO FUND

SECTION CONTRACT DATA

CONTRACT NUMBER

CONTRACT TYPE

AUTHORIZED REPRESENTATIVE CURP

CONTRACT OPENING COUNTRY

NUMBER OF CO-OWNERS

CO-OWNER 1 NAME

CO-OWNER 1 FIRST LAST NAME

CO-OWNER 1 SECOND LAST NAME

CO-OWNER 2 NAME

CO-OWNER 2 FIRST LAST NAME

CO-OWNER 2 SECOND LAST NAME

CO-OWNER 3 NAME

CO-OWNER 3 FIRST LAST NAME

CO-OWNER 3 SECOND LAST NAME

CO-OWNER 4 NAME

CO-OWNER 4 FIRST LAST NAME

CO-OWNER 4 SECOND LAST NAME

CO-OWNER 5 NAME

CO-OWNER 5 FIRST LAST NAME

CO-OWNER 5 SECOND LAST NAME

SECTION OPERATION DATA

ORDER DATE

ORDER FOLIO

BURSATILE OPERATION TYPE

OPERATION CARRIED OUT BY THE CLIENT

ISSUER

SERIES

SECURITY TYPE

STOCK EXCHANGE EVENT FOLIO

STOCK EXCHANGE EVENT DATE

STOCK EXCHANGE EVENT TIME

STOCK EXCHANGE EVENT PRICE

VOLUME OR NUMBER OF TITLES ASSIGNED

AMOUNT

ASSIGNMENT TIME

EXCHANGE KEY

INSTRUCTION MEDIUM

Brokerage houses will carry out the sending of information related to report E-0305 Orders,

described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION CLIENT DATA

CLIENT NAME

CLIENT FIRST LAST NAME

CLIENT SECOND LAST NAME

CLIENT RFC

CLIENT CURP

PERSON TYPE

KEY OF THE STATE OF THE CLIENT'S ADDRESS

KEY OF THE MUNICIPALITY OF THE CLIENT'S ADDRESS

KEY OF THE COUNTRY OF THE CLIENT'S ADDRESS

CLIENT ADDRESS POSTAL CODE

CLIENT AUTHORIZED TO ISSUE ORDERS TO THE FLOOR

SECTION CONTRACT DATA

CONTRACT NUMBER

ADVISORY CONTRACT

CONTRACT TYPE

CONTRACT OPENING COUNTRY

SECTION ORDER DATA

DATE OF SENDING TO TRADING SYSTEM

TIME OF SENDING TO TRADING SYSTEM

ORDER DATE

ORDER TIME

ORDER FOLIO

DATE ON WHICH THE CLIENT ISSUES THE INSTRUCTION

TIME WHEN THE CLIENT ISSUES THE INSTRUCTION

OPERATION CARRIED OUT BY THE CLIENT

INSTRUCTION TYPE

EXECUTION TYPE

ORDER TYPE

ORDER VALIDITY

ORDER TITLES

ORDER PRICE

ISSUER

SERIES

SECURITY TYPE

ORDER STATUS

ORDER CANCELLATION TIME

VOLUME OR NUMBER OF TITLES ASSIGNED

NEGOTIATION ALGORITHM

AUTHORIZED REPRESENTATIVE OR PROMOTER NAME

AUTHORIZED REPRESENTATIVE OR PROMOTER KEY

RECOGNITION FOLIO

EXCHANGE KEY

BROKERAGE HOUSE ORDER FOLIO

INSTRUCTION MEDIUM

The entities will report the information indicated in this series, which must comply with the

validations and quality standards indicated by the National Banking and Securities Commission (Commission),

adhering to the characteristics and specifications for filling out and sending information presented in the

filling instructions, which are published and updated in the Interinstitutional System of

Information Transfer (SITI) or in that which, in its case, the Commission makes known. Once the

validations and quality standards are met, the SITI will generate an electronic receipt.

The information must be sent only once and will be received assuming it meets all characteristics

and specifications, in virtue of which it cannot be modified and must present consistency with the

different reports in which the same information is included with a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, it will be considered

as the obligation of its presentation not fulfilled, and consequently, the

corresponding sanctions will be imposed in accordance with the applicable legal provisions.

SERIES R05 ACCOUNTS RECEIVABLE

This series is integrated by two (2) reports, whose preparation and presentation frequency must be

monthly.

REPORTS

A-0511

Accounts Receivable

This report requests the month-end balances in national currency, foreign

currency, VSM, UMA, and UDIS valued in pesos and in foreign currency valued

in pesos, of the concepts that make up the "Accounts Receivable" item in the

regulatory report of Minimum Catalog. The mentioned balances are requested identified by

their age, for which the period between the origin of the

operation and the reported period must be considered; also, information related to the

estimation for uncollectibility or difficult collection is required

B-0521

Disaggregation of accounts receivable

This report aims to collect information regarding enforceable rights

by granting loans or any other associated item, as well as the estimation

of expected credit losses that brokerage houses have registered during the

period being reported.

It requests information for each of the debtors that make up the total balance that the house

of brokerage has registered in the accounts receivable item of report A-0111 Minimum

catalog in each of the following concepts: loans and other debts of the

staff, other debtors, conditional accounts receivable, and other accounts receivable,

as well as the part of the estimation of expected credit losses corresponding.

For filling out reports A-0511 and B-0521, the following aspects must be considered:

Data referring to balances and amounts must be presented in national currency, foreign currency,

VSM, UMA, and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate

indicated in the current accounting criteria. These amounts and balances must be presented in pesos

rounded, without decimals and without commas. For example: $20,585.70 would be 20586

CAPTURE FORMAT

Entities will carry out the sending of information related to report A-0511 Accounts Receivable,

described above, by using the following capture format:

REQUESTED INFORMATION

IDENTIFIER SECTION

OF THE REPORT

PERIOD

ENTITY KEY

REPORT

FINANCIAL INFORMATION SECTION

CONCEPT

BALANCE TYPE

DATA

Entities shall carry out the submission of information related to the B-0521 Disaggregated Accounts Receivable report, described above, by using the following capture format:

REQUESTED INFORMATION

IDENTIFIER SECTION

OF THE REPORT

PERIOD

ENTITY KEY

REPORT

GENERAL DEBTOR INFORMATION SECTION

DEBTOR IDENTIFIER

DEBTOR NAME

DEBTOR RFC

OPERATION REGISTRATION DATE

CURRENCY TYPE

ACCOUNTING CLASSIFICATION

BALANCE AGE

BALANCE AT END OF PERIOD

ESTIMATE OF EXPECTED CREDIT LOSSES

COLLECTION EFFORTS

Entities shall report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and submitting information presented in the support guides and/or filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or as otherwise announced by the Commission.

Once validations and quality standards are met, the SITI will generate an electronic receipt acknowledgment.

The information must be sent only once and will be received assuming it meets all characteristics and specifications; therefore, it cannot be modified and must be consistent with various reports that include the same information at a different level of integration. Consequently, if it does not meet the required quality and characteristics or has been submitted incompletely, the obligation to present it will be considered unfulfilled, and the corresponding sanctions will be imposed in accordance with applicable legal provisions.

Brokerage Houses

Series R05 Accounts Receivable

Report A-0511 Accounts Receivable

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos

Figures in pesos

Concept

Amount

Accounts Receivable

Debtors for settlement of operations

Foreign exchange trading

Investments in financial instruments

Repurchase agreements

Securities lending

Derivative financial instruments

By issuance of securities

Margin account debtors

Debtors for cash collateral provided

Operations with financial instruments

Operations not carried out in recognized markets (OTC)

Others

Fiduciary Rights

Various debtors

Premiums, commissions, and rights to be collected

By intermediation

By advice on public offerings

By administration and custody

By fiduciary operations

Current and margin account clients

Current account

Margin account

Loans and other debts of personnel

Loans

Capital

Capitalized interest

Accrued interest not collected

Other debtors

Taxes to be recovered

Dividends to be collected from equity financial instruments

Conditional accounts receivable

Other accounts receivable

Estimate of expected credit losses

Various debtors

Conditional accounts receivable

Other accounts receivable

Brokerage Houses

SERIES R07 DEFERRED INCOME TAXES AND PTU

This series consists of one (1) report, whose frequency of preparation and submission must be monthly.

REPORT

A-0711

Deferred Taxes

The objective of this report is to show the main concepts by which the Brokerage House generated deferred taxes, as well as to identify, by type of tax, the following: the calculation base used, the final balance of the previous period, the movements for increases, updates, and realizations against results and/or against capital, as well as the final balance.

For filling out the report, the following aspects must be taken into consideration:

The report requests figures from the brokerage house without consolidation; therefore, the end-of-month balances must match the total balances of the corresponding items and concepts in report A-0111 Minimum Catalog.

In the event that there are PTU deferrals on fiscal losses, the Brokerage House must send to the CNBV the particular judicial resolution in which it is confirmed that it can homologate the calculation base for the workers' participation in profits with the calculation base for the income tax.

For the purposes of this regulatory report, the rates for calculating deferred taxes will be those in effect at the time of reporting the information.

Data referring to balances must be presented in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. Such balances must be presented in pesos rounded, without decimals and without commas. For example: $20,585.70 would be 20586.

CAPTURE FORMAT

Entities shall carry out the submission of information related to the A-0711 Income Tax and Deferred PTU report described above, by using the following capture format:

REQUESTED INFORMATION

IDENTIFIER SECTION OF

THE REPORT

PERIOD

ENTITY KEY

REPORT

FINANCIAL INFORMATION SECTION

CONCEPT

DATA

Entities shall report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and submitting information presented in the support guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or as otherwise announced by the Commission. Once validations and quality standards are met, the SITI will generate an electronic receipt acknowledgment.

Brokerage Houses

Series R07 Deferred Income Taxes and PTU

Report A-0711 Deferred Income Taxes and PTU

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos

Figures in pesos

Concept

Final Balance

Deferred income tax asset

Deferred income taxes (in favor)

Temporary differences

Fair value valuation losses

By securities, repurchase agreements, and securities lending

By derivatives

From the credit portfolio

Excess of accounting provisions over the deductible fiscal limit

Other derivatives from credit operations

Non-deductible provisions

From various debtors

From adjudicated assets

Other non-deductible provisions

Other temporary differences

Fiscal losses

From previous periods up to 5 years old

From previous periods 6 years old

From previous periods 7 years old

From previous periods 8 years old

From previous periods 9 years old

From previous periods 10 years old

By sale of shares

Tax credits

Estimate for non-recoverable deferred income taxes

Temporary differences

Fiscal losses

Tax credits

Deferred workers' participation in profits (in favor)

Estimate for non-recoverable deferred PTU

Deferred income tax liability

Deferred taxes

Temporary differences

Associated with commercial credit

Associated with intangibles

Associated with any item, except for fixed assets and prepayments less

than one year, that represent expenditures or expenses whose re

Associated with other temporary differences

Deferred workers' participation in profits (1)

Brokerage Houses

(1) This concept refers to the PTU deferred payable.

SERIES R10 RECLASSIFICATIONS

This series consists of two (2) reports, whose frequency of preparation and submission must be monthly.

REPORTS

A-1011

Reclassifications in the statement of financial position

In this report, closing balances for the period of the concepts from the regulatory

report A-0111 Minimum Catalog are requested, as well as the respective movements for

presentation and compensations according to accounting criteria carried out for the purpose of

presentation of the items in the statement of financial position of the brokerage house without

consolidation.

A-1012

Reclassifications in the statement of comprehensive income

In this report, closing balances for the period of the concepts from the regulatory

report A-0111 Minimum Catalog are requested, as well as the respective movements for

presentation and compensations according to accounting criteria carried out for the purpose of

presentation of the items in the statement of comprehensive income of the brokerage house without

consolidation.

For filling out reports A-1011 and A-1012, the following aspects must be taken into consideration:

Data referring to balances and amounts must be presented in national currency, foreign currency,

VSM, UMA, and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate

indicated in the current accounting criteria. Such amounts and balances must be presented in pesos

rounded, without decimals and without commas. For example: $20,585.70 would be 20586.

CAPTURE FORMAT

Entities shall carry out the submission of information related to reports A-1011

Reclassifications in the statement of financial position and A-1012 Reclassifications in the statement of

comprehensive income,

described above, by using the following capture format:

REQUESTED INFORMATION

IDENTIFIER SECTION

OF THE REPORT

PERIOD

ENTITY KEY

REPORT

FINANCIAL INFORMATION SECTION

CONCEPT

BALANCE TYPE

MOVEMENT TYPE

DATA

Entities shall report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and submitting information presented in the support guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or as otherwise announced by the Commission. Once validations and quality standards are met, the SITI will generate an electronic receipt acknowledgment.

Brokerage Houses

Series R10 Reclassifications

Report A-1011 Reclassifications in the statement of financial position

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos

Figures in pesos

Concept

Minimum catalog

balance

Movements for

presentation according to

accounting criteria

Compensations

according to accounting

criteria

Statement of financial position without

consolidation

(1)

(2)

N.P. and

UDIS

F.C.

Total

(B)*= (A)

+(1)+(2)

(A)

Debit

Credit

Debit

Credit

OFF-BALANCE SHEET ACCOUNTS

Operations on behalf of clients

Client current accounts

Client banks

National currency

Foreign currency

Cash collateral for securities lending

Dividends collected from clients

Interest collected from clients

Settlement of client operations

By sale of securities

By arbitrage

By forward operations

By trusts

S.d. Indeval

Premiums collected from clients

Settlements with client foreign exchange

Margin accounts

Credit lines granted to clients as collateral for securities lending

Credit lines granted to clients as collateral for forward operations

Credit lines granted to clients as collateral for options

Credit lines granted to clients as collateral for share purchases

Other current accounts

Client investments deposited in banks

Custody operations

Client financial instruments received in custody

Government debt

Bank debt

Other debt securities

Equity financial instruments

Commercial, industrial, and service equity financial instruments

Investment fund equity financial instruments

Coupons

Gold and silver bullion

Financial instruments in trust

Client financial instruments abroad

Administration operations

Client repurchase agreement operations

Client repurchase agreement debtors

Client repurchase agreement creditors

Client securities lending operations

Securities delivered in the operation

Government debt

Bank debt

Other debt securities

Equity financial instruments

Securities received in the operation

Government debt

Bank debt

Other debt securities

Equity financial instruments

Collateral received as guarantee on behalf of clients

In repurchase agreements

Government debt

Bank debt

Other debt securities

In securities lending

Cash

Government debt

Bank debt

Other debt securities

Equity financial instruments

Letters of credit

In derivative financial instruments

Government debt

Bank debt

Other debt securities

Equity financial instruments

Others

Other collateral received as guarantee for other operations on behalf of clients

Collateral delivered as guarantee on behalf of clients

In repurchase agreements

Government debt

Bank debt

Other debt securities

In securities lending

Cash

Government debt

Bank debt

Other debt securities

Equity financial instruments

Letters of credit

In derivative financial instruments

Government debt

Bank debt

Other debt securities

Equity financial instruments

Others

Other collateral delivered as guarantee for other operations on behalf of clients

Client derivative financial instrument purchase operations

Client futures and forward contracts (notional amount)

Futures

Forward contracts

Options

Swaps

Client derivative financial instrument packages

Client derivative financial instrument sale operations

Client futures and forward contracts (notional amount)

Futures

Forward contracts

Options

Swaps

Client derivative financial instrument packages

Administered trusts

Proprietary operations

Contingent assets and liabilities

Collateral received by the entity

Cash administered in trust

Government debt

Bank debt

Other debt securities

Equity financial instruments

Others

Collateral received and sold or delivered as guarantee by the entity

Government debt

Bank debt

Other debt securities

Equity financial instruments

Others

Other registration accounts

ASSETS

Cash and cash equivalents

Cash

Banks

Deposits in financial entities

Currencies to be delivered

Immediate collection documents

Minted precious metals

High-liquidity financial instruments

Restricted or pledged cash and cash equivalents

Currencies to be received

Cash administered in trust

Others

Margin accounts (derivative financial instruments)

Cash

Investments in financial instruments

Other assets

Investments in financial instruments

Negotiable financial instruments

Negotiable financial instruments without restriction

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Equity financial instruments

In position

To be delivered

Negotiable financial instruments restricted or pledged in repurchase agreements

Government debt

Bank debt

Other debt securities

Negotiable financial instruments restricted or pledged in securities lending

Government debt

Bank debt

Other debt securities

Equity financial instruments

Negotiable financial instruments restricted or pledged

(other)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Equity financial instruments

In position

To be received

Financial instruments to collect or sell

Financial instruments to collect or sell without restriction

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Equity financial instruments to collect or sell restricted or pledged in repurchase agreements

Government debt

Bank debt

Other debt securities

Financial instruments to collect or sell restricted or pledged in securities lending

Government debt

Bank debt

Other debt securities

Financial instruments to collect or sell restricted or pledged

(other)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Equity financial instruments to collect principal and interest (securities)(net)

Financial instruments to collect principal and interest (securities)

Financial instruments to collect principal and interest without restriction

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Financial instruments to collect principal and interest restricted or pledged in repurchase agreements

Government debt

Bank debt

Other debt securities

Financial instruments to collect principal and interest restricted or pledged in securities lending

Government debt

Bank debt

Other debt securities

Financial instruments to collect principal and interest restricted or pledged

(other)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Estimate of expected credit losses for investments in

financial instruments to collect principal and interest (securities)

Financial instruments to collect principal and interest without restriction

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Financial instruments to collect principal and interest restricted or pledged in repurchase agreements

Government debt

Bank debt

Other debt securities

Financial instruments to collect principal and interest restricted or pledged in securities lending

Government debt

Bank debt

Other debt securities

Financial instruments to collect principal and interest restricted or pledged

(other)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Debtors for repurchase agreements

Securities lending

Derivative financial instruments

For trading purposes

Futures to be received

Forward contracts to be received

Valuation

Credit risk adjustment

Options

Valuation

Credit risk adjustment

Swaps

Valuation

Credit risk adjustment

Derivative financial instrument packages

Valuation

Credit risk adjustment

Counterparty credit risk adjustment

For hedging purposes

Futures to be received

Valuation

Valuation of the hedged item

Forward contracts to be received

Valuation

Valuation of the hedged item

Credit risk adjustment

Options

Valuation

Valuation of the hedged item

Credit risk adjustment

Swaps

Valuation

Valuation of the hedged item

Credit risk adjustment

Derivative financial instrument packages

Valuation

Valuation of the hedged item

Credit risk adjustment

Counterparty credit risk adjustment

Fair value adjustments for financial asset hedging

Benefits to be received in securitization operations

Benefits on the residual in securitization operations

Asset for administration of transferred financial assets

Accounts receivable

Debtors for settlement of operations

Foreign exchange trading

Investments in financial instruments

Repurchase agreements

Securities lending

Derivative financial instruments

By issuance of securities

Margin account debtors

Debtors for cash collateral provided

Fiduciary rights

Various debtors

Premiums, commissions, and rights to be collected

Current and margin account clients

Loans and other debts of personnel

Other debtors

Taxes to be recovered

Dividends to be collected from equity financial instruments

Conditional accounts receivable

Other accounts receivable

Estimate of expected credit losses

Various debtors

Conditional accounts receivable

Other accounts receivable

Accounts receivable (net)

Long-term assets held for sale or for distribution to

owners

Subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

Associates

Belonging to the financial sector

Not belonging to the financial sector

Joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Other permanent investments

Belonging to the financial sector

Not belonging to the financial sector

Others

Belonging to the financial sector

Not belonging to the financial sector

Assets related to discontinued operations

Prepayments and other assets

Deferred charges

Insurance to amortize

Other deferred charges

Prepayments

Interest paid in advance

Commissions paid in advance

Advances or provisional payments of taxes

Rent paid in advance

Other prepayments

Security deposits

Employee benefits assets

Plan assets to cover employee benefits

Long-term direct benefits

Post-employment benefits

Pensions

Seniority premium

Other post-employment benefits

Participation of workers in deferred profits (in favor)

Estimation for non-recoverable deferred PTU

Other short-term and long-term assets

Properties, furniture and equipment

Land

Buildings

Buildings in progress

Transportation equipment

Computer equipment

Furniture

Adaptations and improvements

Other properties, furniture and equipment

Revaluation of properties, furniture and equipment (1)

Land

Buildings

Buildings in progress

Transportation equipment

Computer equipment

Furniture

Adaptations and improvements

Other revaluations of properties, furniture and equipment

Accumulated depreciation of properties, furniture and equipment

Buildings

Transportation equipment

Computer equipment

Furniture

Adaptations and improvements

Other accumulated depreciations of properties, furniture and equipment

Revaluation of accumulated depreciation of properties, furniture and equipment (1)

Buildings

Transportation equipment

Computer equipment

Furniture

Adaptations and improvements

Other revaluations of accumulated depreciation of properties, furniture and equipment

Properties, furniture and equipment (net)

Right-of-use assets for properties, furniture and equipment

Land

Buildings

Transportation equipment

Computer equipment

Furniture

Other properties, furniture and equipment

Depreciation of right-of-use assets for properties, furniture and equipment

Land

Buildings

Transportation equipment

Computer equipment

Furniture

Other properties, furniture and equipment

Right-of-use assets for properties, furniture and equipment (net)

Permanent investments

Subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

Associates

Belonging to the financial sector

Not belonging to the financial sector

Joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Other permanent investments

Belonging to the financial sector

Not belonging to the financial sector

Deferred income tax asset

Deferred income taxes (in favor)

Temporary differences

Tax losses

Tax credits

Estimation for non-recoverable deferred income taxes

Temporary differences

Tax losses

Tax credits

Intangible assets

Revaluation of intangible assets (1)

Accumulated amortization of intangible assets

Revaluation of accumulated amortization of intangible assets (1)

Intangible assets (net)

Right-of-use assets for intangible assets

Amortization of right-of-use assets for intangible assets

Right-of-use assets for intangible assets (net)

Goodwill

From subsidiaries

From associates

From joint ventures

Revaluation of goodwill (1)

From subsidiaries

From associates

From joint ventures

LIABILITY

Stock exchange liabilities

Bank loans and loans from other entities

Short-term

Loans from multiple banking institutions

Loans from foreign banks

Loans from development banking institutions

Loans from other entities

Long-term

Loans from multiple banking institutions

Loans from foreign banks

Loans from development banking institutions

Loans from other entities

Securities assigned for liquidation

Creditors for repurchase agreements

Securities lending

Collaterals sold or pledged

Repurchase agreements

Obligation of the repurchaser to return collateral to the repurchasing party

Collaterals sold

Government debt

Bank debt

Other debt securities

Collaterals pledged

Securities lending

Obligation of the borrower to return securities subject to the operation to the lender

Collaterals sold

Government debt

Bank debt

Other debt securities

Capital financial instruments

Obligation of the lender to return collateral to the borrower

Collaterals sold

Government debt

Bank debt

Other debt securities

Capital financial instruments

Financial derivative instruments

Collaterals sold

Government debt

Bank debt

Other debt securities

Capital financial instruments

Others

Other collaterals sold

Financial derivative instruments

For trading purposes

Futures to deliver

Forward contracts to deliver

Valuation

Credit risk adjustment

Options

Valuation

Credit risk adjustment

Swaps

Valuation

Credit risk adjustment

Bundles of financial derivative instruments

Valuation

Credit risk adjustment

Counterparty credit risk adjustment

For hedging purposes

Futures to deliver

Valuation

Valuation of the hedged item

Forward contracts to deliver

Valuation

Valuation of the hedged item

Credit risk adjustment

Options

Valuation

Valuation of the hedged item

Credit risk adjustment

Swaps

Valuation

Valuation of the hedged item

Credit risk adjustment

Bundles of financial derivative instruments

Valuation

Valuation of the hedged item

Credit risk adjustment

Counterparty credit risk adjustment

Valuation adjustments for hedging financial liabilities

Obligations in securitization operations

Liabilities for administration of transferred financial assets

Lease liability

Other accounts payable

Creditors for liquidation of operations

Foreign exchange sales and purchases

Investments in financial instruments

Repurchase agreements

Securities lending

Financial derivative instruments

Creditors for margin accounts

Creditors for cash collaterals received

Contributions payable

Value added tax

Other taxes and duties payable

Taxes and social security contributions withheld for payment

Various creditors and other accounts payable

Commissions payable on ongoing operations

Guarantee deposits

Creditors for acquisition of assets

Dividends payable

Creditors for maintenance services

Provisions for various obligations

Fees

Rent

Promotion and advertising expenses

Technology expenses

Other provisions

Other various creditors

Liabilities related to groups of assets held for sale

Liabilities related to discontinued operations

Financial instruments that qualify as liabilities

Subordinated obligations in circulation

Mandatory conversion

Nominal value and interest

Transaction costs

Premium or discount on placement

Conversion at holder's decision

Nominal value and interest

Transaction costs

Premium or discount on placement

Conversion at issuer's decision

Nominal value and interest

Transaction costs

Premium or discount on placement

Non-convertible

Nominal value and interest

Transaction costs

Premium or discount on placement

Contributions for future capital increases pending formalization in shareholders' meeting

Others

Obligations associated with the retirement of components of properties, furniture and equipment

Income tax liability

Taxes incurred

Income taxes (provision)

Income taxes (adjustment for definitive tax)

Deferred taxes

Temporary differences

Employee benefits liability

Short-term direct benefits

Long-term direct benefits

Post-employment benefits

Pensions

Seniority premium

Other post-employment benefits

Termination benefits

Termination benefits for reasons other than restructuring

Termination benefits due to restructuring

Participation of workers in profits incurred

Deferred participation of workers in profits

Deferred credits and advance collections

Deferred credits

Other income to be applied

Other deferred credits

Advance collections

Interest collected in advance

Commissions collected in advance

Advance collections of goods promised for sale or with reservation of ownership

Other advance collections

OWNERS' EQUITY

Contributed capital

Share capital

Unpaid share capital

Increase due to updating of paid share capital (1)

Contributions for future capital increases formalized in shareholders' meeting

Increase due to updating of contributions for future capital increases formalized in shareholders' meeting (1)

Share premium

Increase due to updating of share premium (1)

Financial instruments that qualify as capital

Increase due to updating of financial instruments that qualify as capital (1)

Earned capital

Capital reserves

Legal reserve

Other reserves

Increase due to updating of capital reserves (1)

Accumulated results

Results from prior periods

Results to be applied

Results from accounting changes and error corrections

Increase due to updating of results from prior periods (1)

Net result

Other comprehensive income

Valuation of financial instruments to collect or sell

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of valuation of financial instruments to collect or sell (1)

Valuation of financial derivative instruments for hedging cash flows

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of valuation of financial derivative instruments for hedging cash flows (1)

Income and expenses related to assets held for disposal

Result

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of income and expenses related to assets held for disposal (1)

Remediation of defined employee benefits

Actuarial results in obligations

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Result in the return of plan assets

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of remediation of defined employee benefits (1)

Accumulated effect from conversion

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of accumulated effect from conversion (1)

Result from holding non-monetary assets

Due to fixed asset valuation

Due to other non-monetary assets

Increase due to updating of result from holding non-monetary assets (1)

Participation in OCI of other entities

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of participation in OCI of other entities

(1)

Brokerage Houses

(1) These items will be applicable under an inflationary economic environment based on what is established in Financial Reporting Standard B-10 "Effects of Inflation", issued by the Mexican Council of Financial Reporting Standards, A.C. (CINIF).

Brokerage Houses

Series R10 Reclassifications

Report A-1012 Reclassifications in the statement of comprehensive income

Includes figures in national currency, foreign currency, UVM, UMA and UDIS valued in pesos

Figures in pesos

Item

Minimum catalog balance

Movements by presentation

according to accounting criteria

Compensations

according to accounting criteria

Statement of comprehensive income without consolidation (1)

(1)

(2)

N.M. and UDIS

F.M.

Total

(B)*= (A)

+(1)+(2)

(A)

Debit

Credit

Debit

Credit

Commissions and fees collected

Sales and purchases of financial instruments

Fiduciary activities

Custody or administration of goods

Public offerings

Of securities registered in the RNV

Of other securities

Operations with gold and silver

Financial intermediation

Operations with investment funds

Other commissions and fees collected

Increase due to updating of commissions and fees collected (1)

Commissions and fees paid

Sales and purchases of financial instruments

Fund transfers

Loans received

Debt placement

Stock exchanges

Financial intermediaries

Indeval

Other commissions and fees paid

Increase due to updating of commissions and fees paid (1)

Income from financial advisory

Increase due to updating of income from financial advisory (1)

RESULT FROM SERVICES

Profit from sales and purchases

Negotiable financial instruments

Financial instruments to collect or sell

Financial instruments to collect principal and interest (securities)

Financial derivative instruments for trading purposes

Financial derivative instruments for hedging purposes

Sale of received collaterals

Currencies

Minted precious metals

Increase due to updating of profit from sales and purchases (1)

Loss from sales and purchases

Negotiable financial instruments

Financial instruments to collect or sell

Financial instruments to collect principal and interest (securities)

Financial derivative instruments for trading purposes

Financial derivative instruments for hedging purposes

Sale of received collaterals

Currencies

Minted precious metals

Transaction costs

For sales and purchases of negotiable financial instruments

For sales and purchases of financial derivative instruments

Increase due to updating of loss from sales and purchases (1)

Interest income

Interest on cash and cash equivalents

Banks

Highly liquid financial instruments

Restricted or pledged cash and cash equivalents

Interest and yields in favor from margin accounts

Cash

Financial instruments

Other assets

Interest and yields in favor from collaterals in OTC operations

Cash

Financial instruments

Other assets

Interest and yields in favor from investments in financial instruments

For negotiable financial instruments

For financial instruments to collect or sell

For financial instruments to collect principal and interest (securities)

Interest and yields in favor from repurchase operations

Income from hedging operations

Income from negotiation financial derivative instruments

Premiums in favor from securities lending operations

Premiums for debt placement

Stock exchange liabilities

Financial instruments that qualify as liabilities

Dividends from instruments that qualify as capital financial instruments

Profit from valuation

Profit from valuation changes

Valuation of indexed instruments

Valuation of items in UDIS

Increase due to updating of interest income (1)

Interest expenses

Interest on bank loans and loans from other entities

Interest, transaction costs and discounts for issuance of financial instruments that qualify as liabilities

Subordinated obligations

Mandatory conversion

Conversion at holder's decision

Conversion at issuer's decision

Non-convertible

Other issued securities

Interest and yields for from collaterals in OTC operations

Premiums paid for early redemption of financial instruments that qualify as liabilities

Interest and yields for from repurchase operations

Expenses from hedging operations

Expenses from negotiation financial derivative instruments

Premiums for from securities lending operations

Loss from valuation

Loss from valuation changes

Valuation of indexed instruments

Valuation of items in UDIS

Interest on lease liabilities

Financial effect of provisions

Increase due to updating of interest expenses (1)

Result from valuation of financial instruments at fair value

Result from fair value valuation

Negotiable financial instruments

Financial derivative instruments for trading purposes

Valuation

Credit risk adjustment

Financial derivative instruments for hedging purposes

Valuation

Credit risk adjustment

Valuation of the hedged item

Collaterals sold

Estimation of expected credit losses for investments in financial instruments

Financial instruments to collect or sell

Financial instruments to collect principal and interest (securities)

Result from foreign exchange valuation

Result from minted precious metals valuation

Increase due to updating of result from fair value valuation (1)

Result from net monetary position (financial margin from intermediation)

Result from monetary position from positions generating financial margin (debit balance)

Result from monetary position from positions generating financial margin (credit balance)

Increase due to updating of result from net monetary position (financial margin) (1)

FINANCIAL MARGIN FROM INTERMEDIATION

Other operating income (expenses)

Recoveries

Taxes

Excess in benefits to receive in securitization operations

Other recoveries

Impacts on estimation of expected credit losses

Losses

Labor relations and job security

Frauds

Accidents

Other losses

AMIB dues

Donations

Loss in custody and administration of goods

Loss in trust operations

Loss from impairment or reversal effect on other assets

Interest for from financing for asset acquisition

Result on sale of properties, furniture and equipment

Cancellation of other liability accounts

Interest in favor from loans to officials and employees

Rental income

Result from valuation of benefits to receive in securitization operations

Result from valuation of asset for administration of transferred financial assets

Result from valuation of liability for administration of transferred financial assets

Result in benefits to receive in securitization operations

Other operating income (expenses) items

Result from monetary position originated by items not related to financial margin (1)

Result from valuation of items not related to financial margin

Increase due to updating of other operating income (expenses) (1)

Administration and promotion expenses

Short-term direct benefits

Participation of workers in profits

Participation of workers in profits incurred

Other short-term direct benefits

Net cost of the period derived from long-term employee benefits

Long-term direct benefits

Deferred participation of workers in profits

Estimation for non-recoverable deferred PTU

Post-employment benefits

Pensions

Seniority premium

Other post-employment benefits

Termination benefits

Termination benefits for reasons other than restructuring

Termination benefits due to restructuring

Fees

Rent

Promotion and advertising expenses

Various taxes and duties

Non-deductible expenses

Technology expenses

Depreciations

Of the period

For right-of-use assets for properties, furniture and equipment

Amortizations

Of the period

For right-of-use assets for intangible assets

Loss from impairment or reversal effect on real estate and other assets in use

Telephones and communication expenses

CNBV inspection and surveillance fees

Maintenance expenses

Other administration and promotion expenses

Increase due to updating of administration and promotion expenses (1)

OPERATING RESULT

Participation in net result of other entities

Result of the period of unconsolidated subsidiaries, associates and joint ventures

In unconsolidated subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

In associates

Belonging to the financial sector

Not belonging to the financial sector

In joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Dividends from permanent investments

Valuation of permanent investments available for sale

Adjustments associated with other permanent investments

Impairment or reversal effect on permanent investments

Increase due to updating of participation in net result of other entities (1)

RESULT BEFORE INCOME TAXES

Income taxes

Income taxes incurred

Deferred income taxes

Temporary differences

Tax losses

Tax credits

Estimation for non-recoverable income taxes

Temporary differences

Tax losses

Tax credits

Increase due to updating of income taxes (1)

RESULT BEFORE DISCONTINUED OPERATIONS

Discontinued operations

Increase due to updating of discontinued operations (1)

NET RESULT

Other comprehensive income

Valuation of financial instruments to collect or sell

Period effect

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of valuation of financial instruments to collect or sell (1)

Valuation of financial derivative instruments for hedging cash flows

Period effect

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of valuation of financial derivative instruments for hedging cash flows (1)

Income and expenses related to assets held for disposal

Period effect

Result

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of income and expenses related to assets held for disposal (1)

Remediation of defined employee benefits

Period effect

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of remediation of defined employee benefits (1)

Accumulated effect from conversion

Period effect

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable income taxes and deferred PTU

Increase due to updating of accumulated effect from conversion (1)

Result from holding non-monetary assets

Period effect

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating the result from holding non-monetary assets (1)

Participation in OCI of other entities

Period effect

Valuation

Effect of income taxes and deferred PTU

Estimation for non-recoverable deferred income taxes

Increase due to updating participation in OCI of other entities (1)

COMPREHENSIVE INCOME

BASIC EARNINGS PER ORDINARY SHARE (2)

Brokerage Houses

(1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Reporting Standard B-10 "Effects of Inflation", issued by the Mexican Council for Financial Reporting Standards, A.C. (CINIF).

(2) Determined in accordance with what is provided in Bulletin B-14 "Earnings per share", issued by the Mexican Council for Financial Reporting Standards, A.C. (CINIF).

The sum of movements and compensations must respect the nature of the account.

SERIES R12 CONSOLIDATION

This series is integrated by two (2) reports, whose frequency of preparation and presentation must be quarterly.

REPORTS

A-1219

Consolidation of the financial position statement of the brokerage house with its subsidiaries

In this report, balances at the end of the period for the concepts of regulatory report A-1011 Reclassifications in the financial position statement are requested, as well as the financial position statement of its subsidiaries and the sum of the financial position statements of all subsidiaries. The sum of the financial position statement of the brokerage house consolidated with its subsidiaries prior to eliminations is presented. The eliminations that must be made to consolidate the information of the brokerage house and its subsidiaries are included, and finally the financial position statement of the brokerage house and the subsidiaries.

A-1220

Consolidation of the comprehensive income statement of the brokerage house with its subsidiaries

In this report, balances at the end of the period for the concepts of regulatory report A-1012 Reclassifications in the comprehensive income statement are requested, as well as the comprehensive income statement of its subsidiaries and the sum of the comprehensive income statements of all subsidiaries. The sum of the comprehensive income statement of the brokerage house consolidated with its subsidiaries prior to eliminations is presented. The eliminations that must be made to consolidate the information of the brokerage house and its subsidiaries are included, and finally the comprehensive income statement of the brokerage house and the subsidiaries.

For the completion of reports A-1219 and A-1220, the following aspects must be taken into consideration:

Data referring to balances and amounts must be presented in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. These amounts and balances must be presented in pesos, with two decimal places, and without commas. For example: $20,585.70 would be 20585.70.

CAPTURE FORMAT

Entities will carry out the submission of information related to reports A-1219 Consolidation of the financial position statement of the brokerage house with its subsidiaries and A-1220 Consolidation of the comprehensive income statement of the brokerage house with its subsidiaries, described above, by using the following capture format:

INFORMATION REQUESTED

REPORT SECTION	IDENTIFIER
REPORT
PERIOD
ENTITY KEY
NUMBER OF SUBSIDIARIES
SUBSIDIARY KEY
REPORT
FINANCIAL INFORMATION SECTION
CONCEPT
BALANCE TYPE
MOVEMENT TYPE
DATA

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and submitting information presented in the support guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in that which the Commission makes known, as appropriate. Once the validations and quality standards are met, the SITI will generate an electronic receipt.

The information must be sent only once and will be received assuming it meets all characteristics and specifications; therefore, it cannot be modified and must be consistent with the various reports in which the same information is included at a different level of integration. Consequently, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation to present it will be considered unfulfilled, and the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Brokerage Houses

Series R12 Consolidation

Report A-1219 Consolidation of the financial position statement of the brokerage house with its subsidiaries

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos

Figures in pesos

Concept	Financial Position Statement of the B.H. (A)	Financial Position Statement of the Subsidiary (1)	Financial Position Statement of the Subsidiary (2)	Sum of the Financial Position Statements of the Subsidiaries B=1+2 ...	Sum of the Financial Position Statement of the B.H. and the Subsidiaries C=(A+B)	Eliminations	Consolidated Financial Position Statement of the B.H. with its Subsidiaries F=(C+D-E)
						Debit (D)	Credit (E)

OFF-BALANCE SHEET ACCOUNTS

Operations on behalf of clients

Clients current accounts

Client banks

National currency

Foreign currency

Cash in guarantee for securities lending

Dividends collected from clients

Interest collected from clients

Settlement of client operations

For sale of securities

For arbitrage

For future operations

For trusts

S.d. Indeval

Premiums collected from clients

Client settlements with foreign exchange

Margin accounts

Credit lines granted to clients as guarantee for securities lending

Credit lines granted to clients as guarantee for future operations

Credit lines granted to clients as guarantee for options

Credit lines granted to clients as guarantee for share purchases

Other current accounts

Client investments deposited in banks

Custody operations

Client financial instruments received in custody

Government debt

Bank debt

Other debt securities

Capital financial instruments

Commercial, industrial, and service capital financial instruments

Investment fund capital financial instruments

Coupons

Gold and silver inventories

Financial instruments in trust

Client financial instruments abroad

Administration operations

Client repo operations

Debtors for client repos

Creditors for client repos

Client securities lending operations

Securities delivered for the operation

Government debt

Bank debt

Other debt securities

Capital financial instruments

Securities received for the operation

Government debt

Bank debt

Other debt securities

Capital financial instruments

Collaterals received as guarantee on behalf of clients

In repos

Government debt

Bank debt

Other debt securities

In securities lending

Cash

Government debt

Bank debt

Other debt securities

Capital financial instruments

Letters of credit

In financial derivative instruments

Government debt

Bank debt

Other debt securities

Capital financial instruments

Others

Other collaterals received as guarantee for other operations on behalf of clients

Collaterals delivered as guarantee on behalf of clients

In repos

Government debt

Bank debt

Other debt securities

In securities lending

Cash

Government debt

Bank debt

Other debt securities

Capital financial instruments

Letters of credit

In financial derivative instruments

Government debt

Bank debt

Other debt securities

Capital financial instruments

Others

Other collaterals delivered as guarantee for other operations on behalf of clients

Client financial derivative instrument purchase operations

Client futures and forward contracts (notional amount)

Futures

Forward contracts

Options

Swaps

Client financial derivative instrument package operations

Client financial derivative instrument sale operations

Client futures and forward contracts (notional amount)

Futures

Forward contracts

Options

Swaps

Client financial derivative instrument package operations

Administered trusts

Proprietary operations

Contingent assets and liabilities

Collaterals received by the entity

Cash administered in trust

Government debt

Bank debt

Other debt securities

Capital financial instruments

Others

Collaterals received and sold or delivered as guarantee by the entity

Government debt

Bank debt

Other debt securities

Capital financial instruments

Others

Other registration accounts

ASSET

Cash and cash equivalents

Cash

Banks

Deposits in financial entities

Foreign exchange to be delivered

Immediate collection documents

Mined precious metals

Highly liquid financial instruments

Restricted or pledged cash and cash equivalents

Foreign exchange to be received

Cash administered in trust

Others

Margin accounts (financial derivative instruments)

Cash

Investments in financial instruments

Other assets

Investments in financial instruments

Negotiable financial instruments

Unrestricted negotiable financial instruments

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Capital financial instruments

In position

To be delivered

Restricted or pledged negotiable financial instruments in repo operations

Government debt

Bank debt

Other debt securities

Restricted or pledged negotiable financial instruments in securities lending operations

Government debt

Bank debt

Other debt securities

Capital financial instruments

Restricted or pledged negotiable financial instruments (others)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Capital financial instruments

In position

To be received

Financial instruments to collect or sell

Unrestricted financial instruments to collect or sell

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Capital financial instruments

In position

To be delivered

Restricted or pledged financial instruments to collect or sell in repo operations

Government debt

Bank debt

Other debt securities

Restricted or pledged financial instruments to collect or sell in securities lending operations

Government debt

Bank debt

Other debt securities

Restricted or pledged financial instruments to collect or sell (others)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Capital financial instruments

In position

To be received

Financial instruments to collect principal and interest (securities) (net)

Financial instruments to collect principal and interest (securities)

Unrestricted financial instruments to collect principal and interest

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Capital financial instruments

In position

To be delivered

Restricted or pledged financial instruments to collect principal and interest in repo operations

Government debt

Bank debt

Other debt securities

Restricted or pledged financial instruments to collect principal and interest in securities lending operations

Government debt

Bank debt

Other debt securities

Restricted or pledged financial instruments to collect principal and interest (others)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Capital financial instruments

In position

To be received

Expected credit loss estimation for investments in financial instruments to collect principal and interest (securities)

Unrestricted financial instruments to collect principal and interest

Government debt

In position

To be delivered

Bank debt

In position

To be delivered

Other debt securities

In position

To be delivered

Capital financial instruments

In position

To be delivered

Restricted or pledged financial instruments to collect principal and interest in repo operations

Government debt

Bank debt

Other debt securities

Restricted or pledged financial instruments to collect principal and interest in securities lending operations

Government debt

Bank debt

Other debt securities

Restricted or pledged financial instruments to collect principal and interest (others)

Government debt

In position

To be received

Bank debt

In position

To be received

Other debt securities

In position

To be received

Capital financial instruments

In position

To be received

Debtors for repos

Securities lending

Financial derivative instruments

For trading purposes

Futures to receive

Forward contracts to receive

Valuation

Credit risk adjustment

Options

Valuation

Credit risk adjustment

Swaps

Valuation

Credit risk adjustment

Financial derivative instrument packages

Valuation

Credit risk adjustment

Counterparty credit risk adjustment

For hedging purposes

Futures to receive

Valuation

Valuation of the hedged item

Forward contracts to receive

Valuation

Valuation of the hedged item

Credit risk adjustment

Options

Valuation

Valuation of the hedged item

Credit risk adjustment

Swaps

Valuation

Valuation of the hedged item

Credit risk adjustment

Financial derivative instrument packages

Valuation

Valuation of the hedged item

Credit risk adjustment

Counterparty credit risk adjustment

Valuation adjustments for financial asset hedges

Benefits to be received in securitization operations

Benefits on the residual in securitization operations

Asset for administration of transferred financial assets

Accounts receivable

Debtors for operation settlements

Foreign exchange sales and purchases

Investments in financial instruments

Repos

Securities lending

Financial derivative instruments

For title issuance

Debtors for margin accounts

Debtors for cash collaterals granted

Fiduciary rights

Other debtors

Premiums, commissions, and rights to be collected

Current and margin account clients

Loans and other debts of personnel

Other debtors

Taxes to recover

Dividends to be collected from capital financial instruments

Conditional accounts receivable

Other accounts receivable

Expected credit loss estimation

Other debtors

Conditional accounts receivable

Other accounts receivable

Accounts receivable (net)

Long-term assets held for sale or for distribution to owners

Subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

Associates

Belonging to the financial sector

Not belonging to the financial sector

Joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Other permanent investments

Belonging to the financial sector

Not belonging to the financial sector

Others

Belonging to the financial sector

Not belonging to the financial sector

Assets related to discontinued operations

Prepayments and other assets

Deferred charges

Insurance to amortize

Other deferred charges

Prepayments

Interest paid in advance

Commissions paid in advance

Advance or provisional tax payments

Rents paid in advance

Other prepayments

Security deposits

Employee benefits assets

Plan assets to cover employee benefits

Long-term direct benefits

Post-employment benefits

Pensions

Seniority premium

Deferred employee participation in profits (in favor)

Estimation for non-recoverable deferred PTU

Other short and long-term assets

Properties, furniture, and equipment

Land

Buildings

Buildings under construction

Transport equipment

Computer equipment

Furniture

Adaptations and improvements

Other properties, furniture, and equipment

Revaluation of properties, furniture, and equipment (1)

Land

Buildings

Buildings under construction

Transport equipment

Computer equipment

Furniture

Adaptations and improvements

Other revaluations of properties, furniture, and equipment

Accumulated depreciation of properties, furniture, and equipment

Buildings

Transport equipment

Computer equipment

Furniture

Adaptations and improvements

Other accumulated depreciations of properties, furniture, and equipment

Revaluation of accumulated depreciation of properties, furniture, and equipment (1)

Buildings

Transport equipment

Computer equipment

Furniture

Adaptations and improvements

Other revaluations of accumulated depreciation of properties, furniture, and equipment

Properties, furniture, and equipment (net)

Right-of-use assets for properties, furniture, and equipment

Land

Buildings

Transport equipment

Computer equipment

Furniture

Other properties, furniture, and equipment

Depreciation of right-of-use assets for properties, furniture, and equipment

Land

Buildings

Transport equipment

Computer equipment

Furniture

Other properties, furniture, and equipment

Right-of-use assets for properties, furniture, and equipment (net)

Permanent investments

Subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

Associates

Belonging to the financial sector

Not belonging to the financial sector

Joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Other permanent investments

Belonging to the financial sector

Not belonging to the financial sector

Deferred income tax asset

Deferred income taxes (in favor)

Temporary differences

Tax losses

Tax credits

Estimation for non-recoverable deferred income taxes

Temporary differences

Tax losses

Tax credits

Intangible assets

Revaluation of intangible assets (1)

Accumulated amortization of intangible assets

Revaluation of accumulated amortization of intangible assets (1)

Intangible assets (net)

Right-of-use assets for intangible assets

Amortization of right-of-use assets for intangible assets

Right-of-use assets for intangible assets (net)

Goodwill

From subsidiaries

From associates

From joint ventures

Revaluation of goodwill (1)

From subsidiaries

From associates

From joint ventures

LIABILITY

Stock exchange liabilities

Bank and other organism loans

Short-term

Loans from multiple banking institutions

Loans from foreign banks

Loans from development banking institutions

Loans from other organisms

Long-term

Loans from multiple banking institutions

Loans from foreign banks

Loans from development banking institutions

Loans from other organisms

Securities assigned for settlement

Repo creditors

Securities lending

Collaterals sold or pledged

Repos

Obligation of the repo provider to return collateral to the repo taker

Sold collaterals

Government debt

Bank debt

Other debt securities

Pledged collaterals

Securities lending

Borrower's obligation to return securities subject to the operation to the lender

Sold collaterals

Government debt

Bank debt

Other debt securities

Capital financial instruments

Lender's obligation to return collateral to the borrower

Sold collaterals

Government debt

Bank debt

Other debt securities

Capital financial instruments

Financial derivative instruments

Sold collaterals

Government debt

Bank debt

Other debt securities

Capital financial instruments

Others

Other sold collaterals

Financial derivative instruments

For trading purposes

Futures to deliver

Forward contracts to deliver

Valuation

Credit risk adjustment

Options

Valuation

Credit risk adjustment

Swaps

Valuation

Credit risk adjustment

Financial derivative instrument packages

Valuation

Credit risk adjustment

Counterparty credit risk adjustment

For hedging purposes

Futures to deliver

Valuation

Valuation of the hedged item

Forward contracts to deliver

Valuation

Valuation of the hedged item

Credit risk adjustment

Options

Valuation

Valuation of the hedged item

Credit risk adjustment

Swaps

Valuation

Valuation of the hedged item

Credit risk adjustment

Financial derivative instrument packages

Valuation

Valuation of the hedged item

Credit risk adjustment

Counterparty credit risk adjustment

Valuation adjustments for financial liability hedges

Obligations in securitization operations

Liabilities for administration of transferred financial assets

Lease liability

Other accounts payable

Creditors for operation settlements

Foreign exchange sales and purchases

Investments in financial instruments

Repos

Securities lending

Financial derivative instruments

Creditors for margin accounts

Creditors for cash collaterals received

Contributions to pay

Value added tax

Other taxes and duties to pay

Taxes and social security contributions withheld for payment

Other creditors and other accounts payable

Commissions to pay on ongoing operations

Security deposits

Creditors for asset acquisition

Dividends to pay

Creditors for maintenance service

Provisions for various obligations

Fees

Rents

Promotion and advertising expenses

Technology expenses

Other provisions

Other other creditors

Liabilities related to groups of assets held for sale

Liabilities related to discontinued operations

Financial instruments qualifying as liability

Subordinated obligations in circulation

Mandatory conversion

Nominal value and interest

Transaction costs

Placement premium or discount

Conversion at holder's option

Nominal value and interest

Transaction costs

Placement premium or discount

Conversion at issuer's option

Nominal value and interest

Transaction costs

Placement premium or discount

Non-convertible

Nominal value and interest

Transaction costs

Placement premium or discount

Contributions for future capital increases pending formalization in a shareholders' meeting

Other

Obligations associated with the removal of components of property, plant, and equipment

Income tax liability

Income taxes incurred

Income taxes (provision)

Income taxes (final tax adjustment)

Deferred taxes

Temporary differences

Employee benefits liability

Short-term direct benefits

Long-term direct benefits

Post-employment benefits

Pensions

Seniority premium

Other post-employment benefits

Termination benefits

Termination benefits for reasons other than restructuring

Termination benefits due to restructuring

Workers' participation in profits incurred

Deferred workers' participation in profits

Deferred credits and advance collections

Deferred credits

Other income to be applied

Other deferred credits

Advance collections

Interest collected in advance

Commissions collected in advance

Advance collections of goods promised for sale or with retention of title

Other advance collections

ACCOUNTING EQUITY

Controlling interest

Contributed capital

Share capital

Unpaid share capital

Increase due to updating of paid share capital (1)

Contributions for future capital increases

Formalized in a shareholders' meeting

Increase due to updating of contributions for future capital increases formalized in a shareholders' meeting (1)

Share premium

Increase due to updating of share premium (1)

Financial instruments qualifying as equity

Increase due to updating of financial instruments qualifying as equity (1)

Earned capital

Capital reserves

Legal reserve

Other reserves

Increase due to updating of capital reserves (1)

Accumulated results

Results from prior periods

Results to be applied

Results from accounting changes and error corrections

Increase due to updating of results from prior periods (1)

Net income

Other comprehensive income

Valuation of financial assets to collect or sell

Valuation

Effect of deferred income taxes and workers' participation in profits (PTU)

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the valuation of financial assets to collect or sell (1)

Valuation of cash flow hedging derivative financial instruments

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the valuation of cash flow hedging derivative financial instruments (1)

Income and expenses related to assets held for sale

Result

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of income and expenses related to assets held for sale (1)

Remeasurement of defined employee benefits

Actuarial results in obligations

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Result on the return of plan assets

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the remeasurement of defined employee benefits (1)

Accumulated effect from translation

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the accumulated effect from translation (1)

Result from holding non-monetary assets

Due to fixed asset valuation

Due to other non-monetary assets

Increase due to updating of the result from holding non-monetary assets (1)

Participation in OCI of other entities

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes

Increase due to updating of the participation in OCI of other entities (1)

Non-controlling interest

Net income attributable to non-controlling interest

Other non-controlling interest

Other comprehensive income attributable to non-controlling interest

Brokerage Houses

(1) These items shall be applicable under an inflationary economic environment based on what is established in Financial Reporting Standard B-10 "Effects of Inflation", issued by the Mexican Council for Financial Reporting Standards, A.C. (CINIF).

The sum of eliminations must respect the nature of the account.

Brokerage Houses

Series R12 Consolidation

Report A-1220 Consolidation of the comprehensive income statement of the brokerage house with its subsidiaries

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos

Figures in pesos

Item

Comprehensive income statement of the B.H.
(A)

Comprehensive income statement of the subsidiary (1)

Comprehensive income statement of the subsidiary (2)

Sum of the
Comprehensive income statements of the subsidiaries B=1+2 ...

Sum of the comprehensive income statement of the B.H. and the subsidiaries C=(A+B)

Eliminations

Comprehensive income statement of the B.H. consolidated with its subsidiaries F=(C+D-E)

Debit
(D)

Credit
(E)

Commissions and fees charged

Financial instrument trading

Fiduciary activities

Custody or administration of assets

Public offerings

Of securities registered in the RNV

Of other securities

Operations with gold and silver

Financial intermediation

Operations with investment funds

Other commissions and fees charged

Increase due to updating of commissions and fees charged (1)

Commissions and fees paid

Financial instrument trading

Fund transfers

Borrowed loans

Debt placement

Stock exchanges

Financial intermediaries

Indeval

Other commissions and fees paid

Increase due to updating of commissions and fees paid (1)

Financial advisory income

Increase due to updating of financial advisory income (1)

RESULT FROM SERVICES

Profit from trading

Negotiable financial instruments

Financial assets to collect or sell

Financial assets to collect principal and interest (securities)

Derivative financial instruments for trading purposes

Derivative financial instruments for hedging purposes

Sale of received collateral

Currencies

Minted precious metals

Increase due to updating of profit from trading (1)

Loss from trading

Negotiable financial instruments

Financial assets to collect or sell

Financial assets to collect principal and interest (securities)

Derivative financial instruments for trading purposes

Derivative financial instruments for hedging purposes

Sale of received collateral

Currencies

Minted precious metals

Transaction costs

Due to trading of negotiable financial instruments

Due to trading of derivative financial instruments

Increase due to updating of loss from trading (1)

Interest income

Interest on cash and cash equivalents

Banks

Highly liquid financial instruments

Restricted or pledged cash and cash equivalents

Interest and yields in favor from margin accounts

Cash

Financial instruments

Other assets

Interest and yields in favor from collateral in OTC operations

Cash

Financial instruments

Other assets

Interest and yields in favor from investments in financial instruments

Due to negotiable financial instruments

Due to financial assets to collect or sell

Due to financial assets to collect principal and interest (securities)

Interest and yields in favor from repo operations

Income from hedging operations

Income from derivative financial instruments for trading

Premiums in favor in securities lending operations

Premiums from debt placement

Securities liabilities

Financial instruments qualifying as liabilities

Dividends from instruments qualifying as equity financial instruments

Gain from revaluation

Gain from revaluation changes

Revaluation of indexed instruments

Revaluation of UDIS items

Increase due to updating of interest income (1)

Interest expense

Interest on bank and other organizational loans

Interest, transaction costs, and discounts for the issuance of financial instruments qualifying as liabilities

Subordinated obligations

Mandatory conversion

Conversion at holder's option

Conversion at issuer's option

Non-convertible

Other issued instruments

Interest and yields for the account from collateral in OTC operations

Premiums paid for the early redemption of financial instruments qualifying as liabilities

Interest and yields for the account in repo operations

Expenses from hedging operations

Expenses from derivative financial instruments for trading

Premiums for the account in securities lending operations

Loss from revaluation

Loss from revaluation changes

Revaluation of indexed instruments

Revaluation of UDIS items

Interest on lease liabilities

Financial effect of provisions

Increase due to updating of interest expense (1)

Result from fair value measurement of financial instruments

Result from fair value measurement

Negotiable financial instruments

Derivative financial instruments for trading purposes

Valuation

Credit risk adjustment

Derivative financial instruments for hedging purposes

Valuation

Credit risk adjustment

Valuation of the hedged item

Sold collateral

Estimation of expected credit losses for investments in financial instruments

Financial assets to collect or sell

Financial assets to collect principal and interest (securities)

Result from currency valuation

Result from minted precious metals valuation

Increase due to updating of the result from fair value measurement (1)

Result from net monetary position (financial margin from intermediation)

Result from net monetary position from positions generating financial margin (debit balance)

Result from net monetary position from positions generating financial margin (credit balance)

Increase due to updating of the result from net monetary position (financial margin) (1)

FINANCIAL MARGIN FROM INTERMEDIATION

Other operating income (expenses)

Recoveries

Taxes

Excess in benefits to be received in securitization operations

Other recoveries

Impairments to the estimation of expected credit losses

Losses

Labor relations and job security

Frauds

Accidents

Other losses

AMIB fees

Donations

Loss in custody and administration of assets

Loss in trust operations

Loss from impairment or reversal of impairment of other assets

Interest for the account in financing for asset acquisition

Result on the sale of property, plant, and equipment

Cancellation of other liability accounts

Interest in favor from loans to officials and employees

Rental income

Result from valuation of benefits to be received in securitization operations

Result from valuation of the asset for the administration of transferred financial assets

Result from valuation of the liability for the administration of transferred financial assets

Result on benefits to be received in securitization operations

Other items of operating income (expenses)

Result from net monetary position originated by items not related to the financial margin (1)

Result from revaluation of items not related to the financial margin

Increase due to updating of other operating income (expenses) (1)

Administrative and promotional expenses

Short-term direct benefits

Workers' participation in profits

Workers' participation in profits incurred

Other short-term direct benefits

Net cost of the period derived from long-term employee benefits

Long-term direct benefits

Deferred workers' participation in profits

Estimation for non-recoverable deferred PTU

Post-employment benefits

Pensions

Seniority premium

Other post-employment benefits

Termination benefits

Termination benefits for reasons other than restructuring

Termination benefits due to restructuring

Fees

Rent

Promotional and advertising expenses

Taxes and various duties

Non-deductible expenses

Technology expenses

Depreciations

Of the period

Due to right-of-use assets for property, plant, and equipment

Amortizations

Of the period

Due to right-of-use assets for intangible assets

Loss from impairment or reversal of impairment of real estate and other assets in use

Telephones and communication expenses

CNBV inspection and surveillance fees

Maintenance expenses

Other administrative and promotional expenses

Increase due to updating of administrative and promotional expenses (1)

OPERATING RESULT

Participation in the net result of other entities

Result of the period from unconsolidated subsidiaries, associates, and joint ventures

In unconsolidated subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

In associates

Belonging to the financial sector

Not belonging to the financial sector

In joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Dividends from permanent investments

Valuation of permanent investments available for sale

Adjustments associated with other permanent investments

Impairment or reversal of impairment of permanent investments

Increase due to updating of participation in the net result of other entities (1)

RESULT BEFORE INCOME TAXES

Income taxes

Income taxes incurred

Deferred income taxes

Temporary differences

Tax losses

Tax credits

Estimation for non-recoverable income taxes

Temporary differences

Tax losses

Tax credits

Increase due to updating of income taxes (1)

RESULT BEFORE DISCONTINUED OPERATIONS

Discontinued operations

Increase due to updating of discontinued operations (1)

NET RESULT

Other comprehensive income

Valuation of financial assets to collect or sell

Period effect

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the valuation of financial assets to collect or sell (1)

Valuation of cash flow hedging derivative financial instruments

Period effect

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the valuation of cash flow hedging derivative financial instruments (1)

Income and expenses related to assets held for sale

Period effect

Result

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of income and expenses related to assets held for sale (1)

Remeasurement of defined employee benefits

Period effect

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the remeasurement of defined employee benefits (1)

Accumulated effect from translation

Period effect

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the accumulated effect from translation (1)

Result from holding non-monetary assets

Period effect

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes and PTU

Increase due to updating of the result from holding non-monetary assets (1)

Participation in OCI of other entities

Period effect

Valuation

Effect of deferred income taxes and PTU

Estimation for non-recoverable deferred income taxes

Increase due to updating of the participation in OCI of other entities (1)

COMPREHENSIVE RESULT

Net result attributable to

Controlling interest

Non-controlling interest

Comprehensive result attributable to

Controlling interest

Non-controlling interest

BASIC EARNINGS PER ORDINARY SHARE (2)

Brokerage Houses

(2) Determined in accordance with what is provided in Bulletin B-14 "Earnings per share", issued by the Mexican Council for Financial Reporting Standards, A.C. (CINIF).

The sum of the eliminations must respect the nature of the account.

SERIES R13 FINANCIAL STATEMENTS

This series consists of (4) reports, whose frequency of preparation and presentation must be monthly for reports B-1321 and B-1322, and quarterly for reports A-1311 and A-1316.

REPORTS

A-1311

Statement of changes in equity

The statement of changes in equity aims to present information on changes in the investment of the brokerage house's owners during the accounting period. It must show the reconciliation between initial and final balances of the period for each of the items forming part of equity.

In this report, the balances of all equity items of the brokerage house are requested, showing the movements that occurred in the period being reported. The movements refer to increases or decreases in equity originated by owner movements, reserve movements, and comprehensive income.

A-1316

Statement of cash flows

The statement of cash flows has the main objective of providing information regarding changes in resources and financing sources during the accounting period. The changes refer to differences classified according to resources generated or used by operations, financing activities, and investment activities, in the different items of the initial and final financial position statement of the period being reported.

Likewise, the increase or decrease in cash and equivalents in the period must be reflected.

B-1321

Statement of financial position

The statement of financial position aims to present the value of assets and rights, real obligations, direct or contingent, as well as equity of an entity at a specific date. It must adequately and on consistent bases show the entities' position regarding their assets, liabilities, equity, and off-balance sheet accounts so that the economic resources available to the institutions and their financial structure can be evaluated.

In this report, the total closing balances of the period for the different concepts integrating the brokerage house's statement of financial position are requested.

B-1322

Statement of comprehensive income

The statement of comprehensive income aims to show information relative to the result of its operations in equity and, therefore, of income and expenses and other comprehensive income (OCI) and comprehensive income.

In this report, relevant information on operations carried out by the brokerage house during the period being reported is requested.

For the completion of reports A-1311, A-1316, B-1321, and B-1322, the following aspects must be taken into consideration:

Data referring to balances must be presented in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. These amounts and balances must be presented in pesos rounded to whole numbers, without decimals, and without commas. For example: $20,585.70 would be 20586.

CAPTURE FORMAT

Entities shall carry out the submission of information related to reports A-1311 Statement of changes in equity and A-1316 Statement of cash flows, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION FINANCIAL INFORMATION

ITEM

BALANCE TYPE

DATA

Entities shall carry out the submission of information related to reports B-1321 Statement of financial position and B-1322 Statement of comprehensive income, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION FINANCIAL INFORMATION

ITEM

DATA

Entities shall report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and submitting information presented in the support guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in that which the Commission makes known, if applicable. Once the validations and quality standards are met, the SITI will generate an electronic receipt of acknowledgment.

The information must be sent only once and will be received assuming it meets all characteristics and specifications; consequently, it cannot be modified and must be consistent with various reports including the same information at a different level of aggregation. Therefore, if it does not meet the required quality and characteristics or has been submitted incompletely, the obligation to submit it will be considered unfulfilled, and the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Brokerage Houses

Series R13 Financial Statements

Report A-1311 Statement of Changes in Equity

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos.

Figures in pesos

Concept
Contributed Capital
Retained Earnings
Total Controlling Interest
Non-controlling Interest
Total Equity
Share Capital
Contributions for future capital increases formalized by its governing body
Share Premium
Other financial instruments qualifying as equity
Capital Reserves
Accumulated Results
Valuation of financial instruments held to collect or sell
Valuation of cash flow hedging derivative financial instruments
Remeasurement of defined benefit employee benefits
Cumulative effect from translation
Gain/loss on holding of non-monetary assets
Share in OCI of other entities
Balance at ___ of _________ of ___
Retrospective adjustments for accounting changes
Retrospective adjustments for error corrections
Balance at ___ of _______ of ___ adjusted

MOVEMENTS OF OWNERS

Concept
Subscription of shares
Capital contributions
Capital refunds
Declaration of dividends
Capitalization of other equity concepts
Changes in controlling interest that do not imply loss of control
Total

MOVEMENTS OF RESERVES

Concept
Capital Reserves (1)

COMPREHENSIVE INCOME:

Concept
Net Income
Other Comprehensive Income
Valuation of financial instruments held to collect or sell
Valuation of cash flow hedging derivative financial instruments
Income and expenses related to assets held for disposal
Remeasurement of defined benefit employee benefits
Cumulative effect from translation
Gain/loss on holding of non-monetary assets
Share in OCI of other entities
Total

| Balance at ___ of __________ of ___ |

Brokerage Houses

(1) The entity must show in this line item the amounts representing increases or decreases to capital reserves.

Brokerage Houses

Series R13 Financial Statements

Report A-1316 Statement of Cash Flows of the Brokerage House

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos.

Figures in pesos

Concept	Amount
Operating Activities
Profit before income tax
Adjustments for items associated with investment activities:
Depreciation of property, furniture, and equipment
Amortization of intangible assets
Losses or reversal of losses on impairment of long-term assets
Share in the net result of other entities
Other adjustments for items associated with investment activities
Discontinued operations
Long-term assets held for sale or for distribution to owners
Adjustments for items associated with financing activities
Interest associated with bank and other organizational loans
Interest associated with financial instruments qualifying as liabilities
Interest associated with financial instruments qualifying as equity
Other interest
Changes in operating items
Changes in margin accounts (derivative financial instruments)
Change in investments in financial instruments (securities) (net)
Changes in repo debtors (net)
Change in securities lending (asset)
Changes in derivative financial instruments (asset)
Change in benefits to be received in securitization operations
Changes in other accounts receivable (net)
Change in other operating assets (net)
Change in securities liabilities
Change in repo creditors
Change in securities lending (liability)
Change in collateral sold or pledged
Change in derivative financial instruments (liability)
Change in obligations in securitization operations
Change in other operating liabilities
Change in hedging derivative financial instruments (of hedged items related to operating activities)
Change in assets/liabilities for employee benefits
Change in other accounts payable
Change in other provisions
Tax refunds on profit
Tax payments on profit
Net cash flows from operating activities
Investing Activities
Payments for long-term financial instruments
Collections from long-term financial instruments
Payments for acquisition of property, furniture, and equipment
Collections from disposal of property, furniture, and equipment
Payments for discontinued operations
Collections from discontinued operations
Payments for acquisition of subsidiaries
Collections from disposal of subsidiaries
Payments for acquisition of associates, joint ventures, and other permanent investments
Collections from disposal of associates, joint ventures, and other permanent investments
Cash dividend collections from permanent investments
Payments for acquisition of intangible assets
Collections from disposal of intangible assets
Collections associated with hedging derivative financial instruments (of hedged items related to investing activities)
Payments associated with hedging derivative financial instruments (of hedged items related to investing activities)
Other collections from investing activities
Other payments from investing activities
Net cash flows from investing activities
Financing Activities
Collections from obtaining bank and other organizational loans
Payments of bank and other organizational loans
Payments of lease liabilities
Collections from issuance of shares
Payments for refunds of share capital
Collections from issuance of financial instruments qualifying as equity
Payments associated with financial instruments qualifying as equity
Cash dividend payments
Payments associated with repurchase of own shares
Collections from issuance of financial instruments qualifying as liabilities
Payments associated with financial instruments qualifying as liabilities
Payments of interest on lease liabilities
Collections associated with hedging derivative financial instruments (of hedged items related to financing activities)
Payments associated with hedging derivative financial instruments (of hedged items related to financing activities)
Other collections from financing activities
Other payments from financing activities
Net cash flows from financing activities
Net increase or decrease in cash and cash equivalents
Effects from changes in the value of cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period

Brokerage Houses

Note: In accordance with accounting criteria established, the concepts appearing in this statement are shown in an enumerative rather than limiting manner. The opening of a greater number of concepts in order to provide a more detailed presentation of the information must be requested from the National Banking and Securities Commission (CNBV).

Brokerage Houses

Series R13 Financial Statements

Report B-1321 Statement of Financial Position of the Brokerage House

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos.

Figures in pesos

Concept	Amount
OFF-BALANCE SHEET ACCOUNTS
Operations on behalf of clients
Client current accounts
Client banks
Dividends collected from clients
Interest collected from clients
Settlement of client operations
Premiums collected from clients
Settlements with client currencies
Margin accounts
Other current accounts
Custody operations
Client financial instruments received in custody
Client financial instruments abroad
Administration operations
Repo operations on behalf of clients
Securities lending operations on behalf of clients
Collateral received as guarantee on behalf of clients
Collateral delivered as guarantee on behalf of clients
Operations on purchase of derivative financial instruments
Of client futures and forward contracts (notional amount)
Of options
Of swaps
Of client derivative financial instrument packages
Operations on sale of derivative financial instruments
Of client futures and forward contracts (notional amount)
Of options
Of swaps
Of client derivative financial instrument packages
Administered trusts
Operations on own account
Contingent assets and liabilities
Collateral received by the entity
Cash administered in trust
Government debt
Bank debt
Other debt securities
Equity financial instruments
Others
Collateral received and sold or pledged by the entity
Government debt
Bank debt
Other debt securities
Equity financial instruments
Others
Other registration accounts
ASSETS
Cash and cash equivalents
Margin accounts (derivative financial instruments)
Investments in financial instruments
Negotiable financial instruments
Financial instruments held to collect or sell
Financial instruments to collect principal and interest (securities) (net)
Financial instruments to collect principal and interest (securities)
Expected credit loss estimate for investments in financial instruments to collect principal and interest (securities)
Repo debtors
Securities lending
Derivative financial instruments
For trading purposes
For hedging purposes
Valuation adjustments for financial asset hedging
Benefits to be received in securitization operations
Accounts receivable (net)
Long-term assets held for sale or for distribution to owners
Assets related to discontinued operations
Prepayments and other assets
Property, furniture, and equipment (net)
Right-of-use assets for property, furniture, and equipment (net)
Permanent investments
Subsidiaries
Associates
Joint ventures
Other permanent investments
Deferred income tax asset
Intangible assets (net)
Right-of-use assets for intangible assets (net)
Goodwill
LIABILITIES
Securities liabilities
Bank and other organizational loans
Short-term
Long-term
Securities assigned for settlement
Repo creditors
Securities lending
Collateral sold or pledged
Repos
Securities lending
Derivative financial instruments
Other collateral sold
Derivative financial instruments
For trading purposes
For hedging purposes
Valuation adjustments for financial liability hedging
Obligations in securitization operations
Lease liabilities
Other accounts payable
Creditors for settlement of operations
Creditors for margin accounts
Creditors for cash collateral received
Contributions payable
Other creditors and accounts payable
Liabilities related to groups of assets held for sale
Liabilities related to discontinued operations
Financial instruments qualifying as liabilities
Subordinated obligations in circulation
Contributions for future capital increases pending formalization in shareholders' meeting
Others
Obligations associated with the removal of components of property, furniture, and equipment
Income tax liability
Employee benefits liability
Deferred credits and advance collections
EQUITY
Controlling Interest
Contributed Capital
Share Capital
Unissued share capital
Increase due to update of paid share capital (1)
Contributions for future capital increases formalized in shareholders' meeting
Increase due to update of contributions for future capital increases formalized in shareholders' meeting (1)
Share Premium
Increase due to update of share premium (1)
Financial instruments qualifying as equity
Increase due to update of financial instruments qualifying as equity (1)
Retained Earnings
Capital Reserves
Increase due to update of capital reserves (1)
Accumulated Results
Result of prior periods
Increase due to update of result of prior periods (1)
Net Income
Other Comprehensive Income
Valuation of financial instruments held to collect or sell
Increase due to update of valuation of financial instruments held to collect or sell (1)
Valuation of cash flow hedging derivative financial instruments
Increase due to update of valuation of cash flow hedging derivative financial instruments (1)
Remeasurement of defined benefit employee benefits
Increase due to update of remeasurement of defined benefit employee benefits (1)
Cumulative effect from translation
Increase due to update of cumulative effect from translation (1)
Gain/loss on holding of non-monetary assets
Increase due to update of gain/loss on holding of non-monetary assets (1)
Share in OCI of other entities
Increase due to update of share in OCI of other entities (1)
Non-controlling Interest
Net income attributable to non-controlling interest
Other non-controlling interest
Other comprehensive income attributable to non-controlling interest

Brokerage Houses

Series R13 Financial Statements

Report R13 B-1322 Statement of Comprehensive Income of the Brokerage House

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos.

Figures in pesos

Concept	Amount
Commissions and fees charged
Commissions and fees paid
Financial advisory income
RESULT FROM SERVICES
Profit from buying and selling
Loss from buying and selling
Interest income
Interest expenses
Result from valuation of financial instruments at fair value
Net monetary position result (financial margin from intermediation)
FINANCIAL MARGIN FROM INTERMEDIATION
Other operating income (expenses)
Administration and promotion expenses
OPERATING RESULT
Share in the net result of other entities
RESULT BEFORE INCOME TAX ON PROFIT
Income tax on profit
RESULT BEFORE DISCONTINUED OPERATIONS
Discontinued operations
NET INCOME
Other Comprehensive Income
Valuation of financial instruments held to collect or sell
Valuation of cash flow hedging derivative financial instruments
Income and expenses related to assets held for disposal
Remeasurement of defined benefit employee benefits
Cumulative effect from translation
Gain/loss on holding of non-monetary assets
Share in OCI of other entities
COMPREHENSIVE INCOME
Net income attributable to
Controlling Interest
Non-controlling Interest
Comprehensive income attributable to
Controlling Interest
Non-controlling Interest
EARNINGS PER ORDINARY SHARE (1)

Brokerage Houses

(1) Determined in accordance with what is established in Bulletin B-14 "Earnings per Share", issued by the Mexican Council for Financial Reporting Standards, A.C. (CINIF).

SERIES R14 QUALITATIVE INFORMATION

This series is integrated by two (2) reports, whose frequency of preparation and presentation must be monthly.

REPORT	DESCRIPTION
A-1413 Number of accounts	This report requests the number of accounts classified by investor type, account type, and investment amount range.
A-1414 Number of employees	This report requests the initial number, additions, reductions, and final number of brokerage house employees in the period, classified by area type. Additionally, it requests the number of employees receiving bonuses and incentives and those receiving salaries and fees during the month, classified by area type.

CAPTURE FORMAT

Entities will carry out the submission of information related to report A-1413 Number of accounts described above, by using the following capture format:

INFORMATION REQUESTED

SECTION	REPORT IDENTIFIER
PERIOD
ENTITY KEY
REPORT
SECTION INVESTOR INFORMATION
Legal Personality
Gender
Investor Nationality
Investor Residence Country
Investor Residence State
SECTION ACCOUNT INFORMATION
Account Type
Investment Amount Range
DATA

Entities will carry out the submission of information related to report A-1414 Number of employees described above, by using the following capture format:

INFORMATION REQUESTED

SECTION	REPORT IDENTIFIER
PERIOD
ENTITY KEY
REPORT
SECTION EMPLOYEE INFORMATION
Status
Area Type
Employee Type
Gender
Position
Bonuses and Incentives
DATA

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and sending information presented in the filling guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or as otherwise made known by the Commission. Once the validations and quality standards are met, the SITI will generate an electronic receipt.

SERIES R18 OTHER ACCOUNTS PAYABLE

This series is integrated by two (2) reports, whose frequency of preparation and presentation must be monthly for reports A-1811 and B-1821.

REPORTS:

REPORT	DESCRIPTION
A-1811 Other accounts payable	This report requests month-end balances, including national currency, foreign currency, VSM, UMA, and UDIS valued in pesos, and foreign currency valued in pesos, of the concepts that make up the "other accounts payable" item in regulatory report A-0111 Minimum Catalog. The mentioned balances are requested identified by age of balances.
B-1821 Disaggregation of other creditors and accounts payable	This report aims to collect information regarding other creditors and accounts payable that general warehouse receipts have registered in report A-0111 Minimum Catalog under the concept of Other creditors and accounts payable, during the reported period.

For filling out reports A-1811 Other accounts payable and B-1821 Disaggregation of other creditors and accounts payable, the following aspects must be considered:

Data referring to balances and amounts must be presented in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos, and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. These amounts and balances must be presented in pesos rounded, without decimals and without commas. For example: $20,585.70 would be 20586.

CAPTURE FORMAT:

Entities will carry out the submission of information related to report A-1811 Other accounts payable, described above, by using the following capture format:

INFORMATION REQUESTED

SECTION	REPORT IDENTIFIER
PERIOD
ENTITY KEY
REPORT
SECTION FINANCIAL INFORMATION
Concept
Balance Type
DATA

Entities will carry out the submission of information related to report A-1821 Disaggregation of other creditors and accounts payable, described above, by using the following capture format:

INFORMATION REQUESTED

SECTION	REPORT IDENTIFIER
PERIOD
ENTITY KEY
REPORT
SECTION CREDITOR DISAGGREGATION
Creditor Identifier
Creditor Name
Creditor RFC
Operation Registration Date
Currency Type
Accounting Classification
Balance at End of Period
Payment Expectations

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adhering to the characteristics and specifications for filling out and sending information presented in the support guides and/or filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or as otherwise made known by the Commission.

Once the validations and quality standards are met, the SITI will generate an electronic receipt.

Brokerage Houses

Series R18 Accounts Payable

Report A-1811 Other accounts payable

Includes figures in national currency, foreign currency, VSM, UMA, and UDIS valued in pesos.

Figures in pesos

Concept	Amount
Other accounts payable
Creditors for settlement of operations
Currency buying and selling
Investments in financial instruments
Repos

Securities lending

Derivative financial instruments

Margin account creditors

Creditors for cash collateral received

Transactions with financial instruments

Transactions not executed in recognized markets (OTC)

Others

Contributions payable

Value-added tax

Other taxes and duties payable

Withheld income taxes and social security contributions to be remitted

Various creditors and other accounts payable

Commissions payable on outstanding transactions

Security deposits

Creditors for asset acquisition

Dividends payable

Creditors for maintenance services

Provisions for various obligations

Fees

Rents

Promotion and advertising expenses

Technology expenses

Other provisions

Other various creditors

Brokerage Houses

ANNEX 10

DESIGNATION OF RESPONSIBLE FOR INFORMATION SUBMISSION

Data of the responsible person for information submission via SITI. (Capture the data of the person who will send the information through the system; this person will be provided with the access key)

Name of the entity

Entity Key

Name

Name of the person who will send the reports

via SITI

Federal Taxpayer Registry (RFC)

(Capture the RFC of the responsible person, not the entity's)

CURP

(Capture the CURP of the responsible person)

Position

Phone

(Corresponding to the entity's, not personal)

Full address of the entity

(Street and number, neighborhood, delegation/municipality/ population, city, state, and postal code)

Email Address

Institutional email of the entity

Reports requiring access

(Every report requiring access must be specified)

Environment in which the report(s) are located

(It must be specified whether the reports requiring access are in a PRE-PRODUCTION or PRODUCTION environment)

Signature

The signature corresponds to that of the responsible person for information submission

Data of the responsible person(s) for information quality. (Capture the data of the executive who is within the 2 hierarchical levels below the General Director or equivalent)

Name

The responsible person is the one with the authority to respond for the submitted data.

Federal Taxpayer Registry (RFC)

(Capture the RFC of the responsible person, not the entity's)

CURP

(Capture the CURP of the responsible person)

Position

Phone

(Corresponding to the entity's, not personal)

Full address of the entity

(Street and number, neighborhood, delegation/municipality/ population, city, state, and postal code)

Email Address

Institutional email of the entity

Report(s) for which they are responsible

(Every report requiring access must be specified)

Environment in which the report(s) are located

(It must be specified whether the reports requiring access are in a PRE-PRODUCTION or PRODUCTION environment)

Signature:

The signature corresponds to that of the responsible person for information quality

The document must be presented on letterhead paper and properly completed for processing; otherwise, it will be returned for correction.

Access to the system will be provided exclusively to the responsible person(s) for the preparation and submission of information via SITI.

The document must be duly signed by executives who are within the 2 hierarchical levels below the General Director of the entity and sent previously digitized to the following email address: cesiti@cnbv.gob.mx

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

INQUIRY

BY DATE

INDICATORS

Exchange Rate and Rates as of 08/28/2026

DOLLAR

16.9712 UDIS

8.808812 TIIE 28 DAYS

6.7559% TIIE 91 DAYS

6.7931% TIIE 182 DAYS

6.8474% TIIE DE FONDEO

6.50%

SURVEYS

Did you like the new look of the Federal Official Gazette website?

Yes

Federal Official Gazette

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

Electronic address: dof.gob.mx