For purposes of brevity, these rules may be appointed to the Certified Treasury bills denominated in national currency, CETES; to the Government Development Bonds denominated in local currency Federal, Bond and those denominated in units investment UDIBONOS; to all these values, together or separately, VALUES, and Indeval, SA de CV, Institución for the Deposit Securities INDEVAL.
RULES 1. BIDDERS
1.1 only may submit bids and, therefore, acquire securities in primary placement auction in the manner provided in these rules, the following persons:
1.11. Brokerage firms in the country;
1.12. Credit institutions in the country;
1.13. Investment companies in the country and
1.14. Other persons specifically authorized for that purpose by the Bank of Mexico. The
authorization may be limited or revoked at any time by the Central Bank itself. 1.2 Except in the case
of investment companies regulated by the Investment Company Act, who will present their positions through the operating company of investment companies that provide them services, asset management, the persons mentioned above must always act on their own.
The Bank of Mexico did not receive bids, for the time to determine the effect of the aforementioned persons, in the opinion of the Bank itself, does not comply with the relevant provisions do not conform to healthy uses or practices of the stock market .
2. TYPES OF AUCTIONS.
auctions may be:
2.1 A single rate or price, that are those in which values \u200b\u200bare assigned from the best position for the emitter and in which all the positions that result in allocation are handled at the same rate or price, as applicable, and
2.2 A multi-rate or price, that are those in which the values \u200b\u200bare set from the best position for the issuer and these values \u200b\u200bare assigned to rate or asking price.
3. MEETINGS.
Mexico's central bank made available to the persons referred to in paragraph 1.
invitations to the auction from 12:00 pm on last working day of the week immediately preceding that in which it will be auctioning concerned, through its website on the worldwide web (Internet) which is identified with the domain name: www.banxico.org.mx or through other electronic, computer or telecommunication authority from the Banco de Mexico, unless the Bank makes known another date or schedule for any particular call.
Such calls will present the characteristics of auctions and values, and must relate to the same class values, including: the date of placement, the number of the call, the key issue, the type of auction concerned, the maximum amount offered in each call, and as other characteristics of the respective auctions.
4. POSITIONS.
4.1 TYPES OF POSITIONS
4.11. Bids for auction rate or price alone. CETES case, the bidder must state the amount and lower rate of discount to which you are willing to purchase the securities of the auction. This rate is expressed as a percentage, closed to hundredths, in annual terms and based on years of 360 days. UDIBONOS as bond and the bidder shall indicate the amount and the highest unit price that is willing to acquire the securities of the auction. This price is expressed cienmilésimos closed. For BONDES and UDIBONOS issued prior to the date of placing the price quoted should not include accrued interest paid during the period of current interest.
4.12. Auction bids for multi-rate or price.
postures may only be competitive. CETES case, the bidder must state the amount and the discount rate at which you wish to purchase the securities of the auction. This rate is expressed as a percentage, closed to hundredths, in annual terms and based on years of 360 days. UDIBONOS as bond and the bidder shall indicate the amount of kindness or UDIBONOS and the unit price at which you wish to purchase them. In the case of UDIBONOS BONDES and issued prior to the date of placement, the price quoted should not include accrued interest paid during the period of current interest.
4.2 Limitations of the positions
The positions presented in the auctions will be subject to the following limits:
4.21. The sum of the amounts of the bids submitted by each bidder, the auction defined in each call, shall not exceed sixty percent of the maximum amount offered for the auction.
4.22. Bidders given in section 1.14., Shall comply with the limits and other requirements of a general nature, if any, determined by the Banco de Mexico. 4.3 Displaying
POSITIONS
4.31. Those interested should submit their bids through the Account Holders Service System of the Bank of Mexico (SIAC-BANXICO), through any other electronic, computer or telecommunication authorized by the Banco de Mexico, or in applications to develop as one of the models are attached in Appendix 1 to these rules, as applicable to each of the securities concerned. The access codes, identification and, where appropriate, operation, established for the use of electronic computing or telecommunications, the firm replaced handwritten character by mail, so the proof of documents or techniques where they appear, produce the same effects as those granted by law to documents signed by the parties and, therefore, being equally
evidence.
4.32. Each bidder may submit one or more positions in the auction. The positions
submitted in an application must be referred exclusively to a single issue.
The bids must be submitted specifying the amount, nominal value of the values \u200b\u200brequired in amounts rounded to five thousand pesos or multiples of that amount, if it is CETES or goodness. The positions on
UDIBONOS to be submitted specifying the amount, face value, in amounts rounded to five thousand units of investment or multiples of that amount.
4.33. The bids must be submitted the second business day immediately preceding the date of placement of the securities to be auctioned later than 13:30. Mexico's central bank may announce another date or schedule for any particular auction.
This, on the understanding that in the case of bids submitted under the models that are attached in Appendix 1, must be submitted to the National Operations Manager of the Bank of Mexico in a sealed envelope with a letter presentation. Both documents must be signed by their representatives duly authorized by the bidder, and the letter must show knowledge of signatures given by the Office of Operating Cash Accounts of the Bank of Mexico, so these firms must be registered with the that Office. (Amended by Circular-Telefax 13/2002). 4.4 Effect
POSITIONS
4.41. The bids submitted to the Bank of Mexico through the SIAC-BANXICO through any other electronic, computer or telecommunication authority from the Bank of Mexico, or following the model of Appendix 1, shall have the broader implications for any legal purposes, and implies acceptance of the bidder to each and every one of these rules and the terms and conditions set forth in the notice in which the Banco de Mexico to communicate the characteristics of each auction. All position will be mandatory for the bidder to this and will be irrevocable.
4.42. The Banco de Mexico may withdraw the application or the bids received if they do not comply with these rules or as indicated in the call concerned, they are not clearly legible amendments or corrections have or are incomplete or somehow wrong.
also Banco de Mexico may reject bids for one or more emissions if in the opinion of the Bank's participation in them, by their nature, are likely to produce undesirable effects on the objectives of credit control, finance the federal government, or a healthy securities market development in particular or general financial market Bank of Mexico report to the Ministry of Finance and Public Credit on the positions in terms of the immediately preceding paragraph, do not participate in the auctions.
5. ASSIGNMENT. 5.1
RATE OR PRICE AUCTIONS ONLY
5.11. A single fee. For CETES be allocated positions under the relevant ascending order discount rates, not exceeding the maximum amount stated in the notice. The fee of the auction to which you assign values \u200b\u200bconcerned, will be the last position corresponds to the allocation received, however that has not been addressed fully in the amount.
5.12. A single price. In the single-price auction or UDIBONOS BONDES, positions are assigned according to the descending order of the corresponding unit prices, not to exceed the maximum amount stated in the notice.
single price auction that values \u200b\u200bare assigned in question shall be as
corresponding to the last position to receive allocations, however that has not been addressed fully in the amount. 5.2
AUCTIONS TO RATE OR MULTIPLE PRICE
5.21. A multiple rate. Being
CETES positions are assigned according to ascending order of the corresponding
discount rates without exceeding the maximum amount indicated in the notice. The values \u200b\u200bfor each position will be placed precisely at the rate indicated on the own position.
5.22. A multiple price.
UDIBONOS as bond and the maximum amount indicated in the notice is distributed by assigning the positions
under the corresponding descending order unit prices not exceeding the maximum amount indicated in the notice. The values \u200b\u200bfor each position will be assigned specifically to the unit price indicated in your own position.
5.23. Common provisions. Based on the bids received assignment, will determine the weighted average or weighted average price of the auction, as appropriate. 5.3
PROVISIONS COMMON TO ALL AUCTIONS
5.31. In case of tie bids at any level and the amount to be allocated is insufficient to cover such positions, they will be addressed in proportion to the amount.
5.32. The Federal Government may determine at any auction, the discount rate maximum or minimum unit price, as applicable, to which he is willing to settle the securities covered by the auction itself. In these cases, the positions with higher rates or lower prices will not be addressed.
5.33. CETES assignments and BONDES be made in amounts, at face value, closed thousands of pesos. UDIBONOS assignments will be made in amounts, at face value, closed thousands of units of investment.
6. RESULTS.
The Bank of Mexico report to each bidder in particular at the latest at 10:30 hours on the first working day following that on which it is conducted the auction in question, through the SIAC-BANXICO, the result of the amount of value, if any, have been assigned and the total price to be covered by those securities.
also available to all bidders through its website on the worldwide web (Internet) which is identified with the domain name: www.banxico.org.mx or through other electronic means of counting or telecommunications authority from the Bank of Mexico, no later than 18:30 hours the day the auction is concluded, the overall results of this auction. The information for the general results of an auction held at the disposal of the bidders through the aforementioned average, even in
both incorporate the results of an auction in the foregoing terms.
From the date of placement of the securities in question, the Office of Library
Bank of Mexico kept available to stakeholders information on the bids received in each auction and the amount of values \u200b\u200bassigned to each of them, without indicating the name of the bidder. Historical information for all auctions conducted by the Bank of Mexico will remain available to those interested in the above Office.
7. DELIVERY OF SECURITIES AND PAYMENT OF PRICE.
7.1 The Bank of Mexico acting as fiscal agent for the Federal Government, based on Article 2312 of the Federal Civil Code, shall retain the ownership of securities bought and sold, until the bidder to make payment of the applicable fee in accordance with the provisions of this point.
7.2 The delivery of the securities will be allocated through INDEVAL, the day he carried out the placement of these securities, by the appropriate deposit account INDEVAL take you to each bidder.
case of the bidders to refer items 1.13. and 1.14., they will receive and pay off their value in terms of determining the amount 7.42 in national currency UDIBONOS allocated, use the equivalent applicable on the date of placement of such securities, in terms of the provisions of the Decree establishing obligations to be denominated in Investment Units and amends and adds several provisions of Federal Tax Code and the Law of Income Tax, published in the Official Journal of the Federation on April 1, 1995.
UDIBONOS case of auctions and BONDES issued prior to the date of placement, the settlements are to be performed by adding the unit price requested or assigned, unpaid accrued interest from the date of issuance or last interest payments as appropriate until the settlement date.
7.3 Except as provided in paragraph M.43.3 of Circular 2019/95, if a bidder fails to pay the total of the values \u200b\u200bthat have been assigned, the Banco de Mexico may, without judicial declaration , rescind the purchase for the amount not covered. Notwithstanding the foregoing, the Banco de Mexico may disqualify the bidder to participate in auctions for primary placement VALUES.
7.4 The payment shall be made as follows:
7.41. Brokerage firms and credit institutions referred to in paragraphs 1.11. and 1.12., shall make payment of Value in terms of the provisions of internal rules INDEVAL.
7.42. The persons referred to in paragraphs 1.13. and 1.14. must make the payment and receipt of values \u200b\u200bthrough a lender or broker. In effect, the lender or broker should be sent to the National Operations Manager of the Bank of Mexico a communication in terms of Appendix 2. (Amended by Circular-Telefax 13/2002).
8. GENERAL PROVISIONS.
8.1 For market information, the Bank of Mexico will inform the general public the nature of the auction, through its website global electronic network (Internet) which is identified with the domain name: www.banxico.org.mx or through other electronic means of computer or telecommunication authority from the Bank of Mexico.
8.2 All schedules referred to these rules are referred to the time zone of Mexico City, Distrito Federal.
In the event of unforeseeable circumstances or force majeure are unable to disclosure of the announcements and the results of the auction, in accordance with those reported in sections 3. and 6., the Bank shall promptly give the procedure to make such announcements and the results of the relevant auctions.
0 comments:
Post a Comment