Wednesday April 17 2024
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: Mexico
On 15th April 2024, Contraparte Central de Valores (CCV) published a notice to the market participants and the public announced that, the National Banking and Securities Commission (CNBV), and Mexico’s Central Bank (BANXICO) have granted their authorization to change the settlement cycle for capital market securities from two business days (T+2) to one business day (T+1).
With the forementioned approval, the CCV concludes the regulatory modification process to reduce the ordinary settlement cycle of the capital market securities to one business day (T+1) as requested by the Mexican Association of Brokerage Firms (AMIB) on behalf of the Brokerage Firms.
The CCV, in coordination with the Mexican Association of Brokerage Firms (AMIB) and the Financial Authorities, will continue working on the preparations to implement the change and ensure a transition to T+1.
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