DOCSLIB.ORG

Swaps De TIIE

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Swaps De TIIE Overview 2018 History Open Outcry Trading starts & MXP/US Dollar 1998 2007 Emerging Market of the year Future Contract listing Interest Rates and Index Futures Contracts 1999 2008 BMV Group IPO listing 2000 Electronic Trading 2009 Co-location 2001 Local Market Makers 2011 Order Routing Agreement Implementation Partnership with MEFF for the Options Yellow Corn Future- 1st Commodity Futures 2003 2012 Market Contract Development and launching of the equity MoNeT Derivatives. 2004 2013 options market TIIE Swap Listing 10-Year Future Bond (M241205) Listing. 2005 Omnibus Accounts 2014 Mini IPC Future Listing 2006 Remote Participants 2015 Capital requirement rules www.mexder.com.mx 2 MexDer • MexDer is the Mexican Derivatives Exchange, subsidiary of the Mexican Stock Exchange (BMV Group), that began operations in 1998. • A self-regulated entity, MexDer along with Asigna (Clearing House), offer transparent benchmark derivative products based on Interest Rates, Foreign Exchange and Stock Indexes www.mexder.com.mx 3 What makes MexDer so attractive? No Withholding Taxes when trading in MexDer from a country with a double taxation agreement with Mexico. Free convertibility. No local presence required in Mexico. Omnibus Accounts: Rule 30.7 (CFTC) segregation: Proprietary trading. Customer trading. Remote Membership CFTC no action letter to offer products like Equity Indexes, Fx and Fixed Income contracts in the US & Foreign Board of Trade status pending. Co-location and Sponsored DMA. Collaterals may be pledged in the US. Risk Management Controls www.mexder.com.mx 4 Nuestros Productos Swaps 28 Day TIIE Swap Futuros Opciones www.mexder.com.mx 5 Asigna: Central Counterparty Clearing House Local Rating Global Rating Fitch Rating AAA (mex)/F1+(mex) Standard & Poor’s mxAAA/mxA-1+ BBB+/A-2 Moody’s Aaa.mx A3 www.mexder.com.mx 6 Collaterals Asigna accepts collaterals in the Local Haircut Foreign Haircut following currencies and securities Pesos US Dollars 6.50% (“Haircuts” apply) Stocks* 20.00% T-Bills, T-Notes & T-Bonds 6.50% - 13.00% Naftrac 10.00% Berms 0.80% BPAG91 1.50% Bonde 182 1.50% Bondes D 1.50% BPAG28 1.00% Taxed Cetes 0.50% BPA’s 182 1.50% Additional Margins may be requested by M Bonds 1.00% - 8.00% Clearing Members due to credit quality. Udibonos 1.00% - 7.00% • Securities pledged as collateral may be exchanged at any time. • Cash Collateral proceeds are credited to the client. www.mexder.com.mx 7 How to participate in MexDer? www.mexder.com.mx 8 Participate in MexDer Clearing Contract Contracts (Omnibus Account included) Client’s Trading Members . Proprietary Trading Member(*) Clearing Members Local or Foreign . Market Maker . Third Parties Trading Member (*) . Proprietary Trading Member and Third Parties Trading Member(*) . Global Accounts Derivatives Exchange Clearing House Matching Engine www.mexder.com.mx 9 Products www.mexder.com.mx 10 MXN/USD Futures Contract www.mexder.com.mx 11 Description • The MXN is one of the most traded currency in the world, the third most traded in the Americas and the most traded in LATAM. • MXN has become the main hedging currency for emerging countries, whose currencies don’t have enough liquidity • Due to current high yields offered by Mexican Fixed Income Instruments, large international cash flows are generated thus incrementing FX Derivatives trading volumes • Very useful contract to create synthetic rates given daily deliveries that can be simultaneously spread traded versus a Monthly delivery, replicating an FX Swap. www.mexder.com.mx 12 Specifications Underlying: US Dollar. Contract Size: $10,000 Dollars. Delivery Months: Daily, monthly and quarterly, up to 15 years. Trading Symbol: DA Quotation: Pesos per Dollar. Tick: 0.0001 Pesos. Tick Value: $1 Peso. Tick Ratio/ Fee: 0.31 times. Initial Margin: $13,600 Pesos Opposite Margin: $2,210 Pesos Trading Hours: 7:30 to 14:00 hours. Last Trading Day: Monday of the week of the third Wednesday of the contract month. Maturity date: Monday of the week of the third Wednesday of the contract month. Settlement: Physical delivery. Bloomberg <MMDD> DSA<CRNCY>CT Reuters MXN/FUTEX1 0#MXP: www.mexder.com.mx 13 MXN/USD Futures Contract • Participants: Banks, FCM’s, Pension Funds, Mutual Funds, liquidity providers. • Competitive trading and clearing costs. Notional Value 2018 Average Daily Volume Average Daily (Pesos) Volume (USD) $3,147,628,171.71 $167,169,163.08 Pesos USD www.mexder.com.mx 14 MXN/USD Futures Contract Uses . Hedging: • Importers with USD commitments. • Exporters that receive USD flows. • Dollar Credits. • Infrastructure financing. Arbitrage: • Currencies with significant correlation. Strategies: • USD funding. • Synthetic Interest Rates in pesos and dollars. (FX Strip). www.mexder.com.mx 15 S&P/BMV IPC Futures Contract www.mexder.com.mx 16 Underlying Asset • The Price and Quotation Index (S&P/BMV IPC) is the main index issued by the Mexican Stock Exchange. • It is a market capital weighted index formed by 35 of the most important and representative issuers, from different sectors of the Mexican economy. • This Index is the main Mexican benchmark used by Financial Institutions in the equity market. • The S&P/BMV IPC Futures Contract was created to hedge, manage and mitigate the risks associated with investing in the Mexican Stock Market. www.mexder.com.mx 17 Specifications Underlying: S&P/BMV IPC or MexBol (Mexican Stock Exchange Index) Contract Size: $10 (Ten pesos 10/100)) multiplied for the S&P/BMV IPC Value. Delivery Months: Quarterly : March, June, September, December up to one year. Trading Symbol: IPC Quotation: S&P/BMV IPC Index Points. Tick: 5 Points. Tick Value: $50.00 Pesos Tick Ratio/ Fee: 1.25 times Initial Margin: $38,500.00 Pesos Opposite Margin: $11,810.00 Pesos Trading Hours: 7:30 to 15:00 hours Last Trading Day: Third Friday of the maturity month or the previous business if such Friday is a non-business day. Maturity date: Third Friday of the maturity month or the previous business if such Friday is a non-business day. Settlement: Next business day after maturity date. Bloomberg <MMDD> ISA <INDEX> CT Reuters MXN/FUTEX1 0#IPC: www.mexder.com.mx 18 S&P/BMV IPC Futures Contract Easiest and most simple way to hedge and take short positions in the Mexican Equity Market. Average Traded Volume 2017 2018 3,444 1,846 www.mexder.com.mx 19 S&P/BMV IPC Futures Contract Main Participants • Banks • FCM’s • Mutual Funds • Institutional Clients Trading Ideas • HFT • S&P/BMV IPC Future vs Cash basket • S&P/BMV IPC Future vs Naftrac • S&P/BMV IPC Future vs Mini S&P/BMV IPC Future • S&P/BMV IPC Future vs Other Indexes and ETF’s (S&P, DOW, EWW, etc) www.mexder.com.mx 20 Mini S&P/BMV IPC Futures Contract www.mexder.com.mx 21 Specifications Underlying: S&P/BMV IPC (Mexican Stock Exchange Index) Contract Size: $2 (Two pesos 00/100)) multiplied by the S&P/BMV IPC Value. Delivery Months: Quarterly : March, June, September, December up to one year. Trading Symbol: MIP Quotation: S&P/BMV IPC Index Points. Tick: 10 Points. Tick Value: $20 Pesos Tick Ratio/ Fee: 1.25 times Initial Margin: $7,700.00 Pesos Opposite Margin: $2,360.00 Pesos Trading Hours: 7:30 to 15:00 hours Last Trading Day: Third Friday of the maturity month or the previous business if such Friday is a non-business day. Maturity date: Third Friday of the maturity month or the previous business if such Friday is a non-business day. Settlement: Next business day after maturity date. Bloomberg <MMDD> MIPA<INDEX> CT Reuters MXN/FUTEX1 0#MIP: www.mexder.com.mx 22 Mini S&P/BMV IPC Futures Contract 2017 2018 Average Traded Volume 638 85 www.mexder.com.mx 23 Benefits . Lower transactional costs compared to the cash market. Leverage benefits and lower capital consumption. Optimal and efficient way to take short positions. Hedging accuracy due to the contract’s size. High liquidity and arbitrage opportunities between the Future and the Naftrac (ETF) . CFTC approved . Attractive product for FCM’s and retail clients www.mexder.com.mx 24 10-Year M Bond Futures Contract (DC24 ) www.mexder.com.mx 25 Underlying asset specifications . The Federal Government Development Bond M241205 is the most liquid bond in the market (about 25% of the total daily volume). It is the main Government rate benchmark for the 10 years node. Highly demanded by both local and foreign investors. Due to its credit rate and performance, it has an International Investors holding of about 50%. The DC24 Future is a Bond Forward, without Deliverable basket www.mexder.com.mx 26 Specifications Underlying: Bond M241205 Contract Size: 1,000 Bonds = $100,000 pesos. Delivery Months: Quarterly, up to one year Trading Symbol: DC24 Quotation: Bond Futures Price using ‘Dirty Price’ Tick: 0.025 Pesos Tick Value: $0.025 Pesos Tick Ratio/ Fee: 3.75 times Initial Margin: $ 3,710.00 pesos Opposite Margin: $ 640.00 pesos Trading Hours: 7:30 a 14:00 hours. Last Trading Day: Third business day preceding the Maturity Date (of the delivery month) Maturity date: The last business day of the month (of the series) Settlement: Physical Delivery of M241205 Bond Bloomberg <MMDD> DCYA<CMDTY>CT Reuters MXN/FUTEX1 0#DC24: www.mexder.com.mx 27 Underlying Comparison Bond Liquidity, Average Daily Amount and Foreign Investment on Cash Bonds (Million pesos) last 3 months Average Traded Volume 2017 2018 2,170 1,494 www.mexder.com.mx 28 Benefits • Ideal instrument for Institutional Investors, to optimize portfolios that are looking for exposure in the Mexican Bond market. • Easiest way to take short positions. • Easy to quote: • Tick Size= 0.05 basis points(approximately). • The Future Price/Future rate equivalence is maintained- • Example: For DC16 – 124.40 will always be equal to 6.
Load more

Recommended publications
  • Mexican Stock Exchange Stock Exchange Code: Walmex Quarter: 03 Year: 2010
    MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: WALMEX QUARTER: 03 YEAR: 2010 WAL - MART DE MEXICO, S.A.B. DE C.V. BALANCE SHEETS TO SEPTIEMBRE 30 OF 2010 AND 2009 CONSOLIDATED (Thousand Pesos) Final Printing CURRENT YEAR PREVIOUS YEAR REF S CONCEPTS Amount % Amount % s01 TOTAL ASSETS 176,964,949 100 120,383,374 100 s02 CURRENT ASSETS 48,760,667 28 37,942,681 32 s03 CASH AND AVAILABLE INVESTMENTS 15,270,571 9 13,511,292 11 s04 ACCOUNTS AND NOTES RECEIVABLE (NET) 1,572,194 1 750,955 1 s05 OTHER ACCOUNTS AND NOTES RECEIVABLE (NET) 3,639,266 2 2,435,989 2 s06 INVENTORIES 27,733,086 16 20,749,520 17 s07 OTHER CURRENT ASSETS 545,550 0 494,925 0 s08 LONG-TERM 0 0 0 0 s09 ACCOUNTS AND NOTES RECEIVABLE (NET) 0 0 0 0 INVESTMENTS IN SHARES OF NON-CONSOLIDATED s10 0 0 0 0 SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES s11 OTHER INVESTMENTS 0 0 0 0 s12 PROPERTY, PLANT AND EQUIPMENT (NET) 97,174,256 55 82,440,693 68 s13 LAND AND BUILDINGS 91,460,061 52 79,413,222 66 s14 MACHINERY AND INDUSTRIAL EQUIPMENT 0 0 0 0 s15 OTHER EQUIPMENT 38,979,322 22 31,414,842 26 s16 ACCUMULATED DEPRECIATION 36,358,068 21 31,369,422 26 s17 CONSTRUCTION IN PROGRESS 3,092,941 2 2,982,051 2 s18 OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) 31,030,026 18 0 0 s19 OTHER ASSETS 0 0 0 0 s20 TOTAL LIABILITIES 60,050,262 100 42,147,893 100 s21 CURRENT LIABILITIES 41,973,529 70 32,903,973 78 s22 SUPPLIERS 30,074,738 50 24,037,514 57 s23 BANK LOANS 264,444 0 0 0 s24 STOCK MARKET LOANS 0 0 0 0 s103 OTHER LOANS WITH COST 977,197 2 233,238 1 s25 TAXES PAYABLE 932,038 2 0 0 s26 OTHER CURRENT
    [Show full text]
  • Capital Markets Introduction: the Capital Market in Mexico Is
    Capital Markets Introduction: The capital market in Mexico is composed of preferred, common stock and FIBRAS which they can be issued as public or private offer. The private offer is over the counter which offers to the other company and some persons. And we have public offer which is held by investor’s bank and other intermediates to the general public in the Mexican Stock exchange market which holds all the operations in Mexico. At the same time it is regulated by the Secretaria de Hacienda y Credito Publico and Banco de Mexico. What is a common Stock? Common stocks are securities that represent a share of a company’s equity and are issued to obtain financing and are traded amongst investors through the BMV. The ownership of the common stock grants its buyer the rights of a shareholder as a nominal owner of the company. Gains for the investors are achieved in two forms: 1. Dividends that the company pays (common shares allow the investor to share in the Company’s earnings and to appreciate in value with the company). 2. Capital gains are calculated as the differential value of the stock when it was sold and when it was bought. There is no maturity date for these securities because the decision to sell it or to retain it resides exclusively in the holder. The price is based on the performance of the issuing Company and the public’s expectations of the Company’s future earnings and performance. Its price is influenced by external elements that affect the market in general.
    [Show full text]
  • Reports Offer 2020 Corporación Actinver S.A.B
    Reports Offer 2020 Corporación Actinver S.A.B. de C.V. July, 2020 Montes Urales 620. Lomas de Chapultepec, C.P. 11000 Ciudad de México Actinver: (55) 1103 6600 Markets Equity Mexico Equity Global Inversiones AM Equity Research of 14 Sectors / Reporte de Acciones del SIC 50+ Companies Daily Report Daily Report Receive the most recent market figures Daily Report See one by one the companies that are listed prior to the market opening, as well as Obtain the analysis, comments, opinion, in SIC, you will find financial and market the most important news from Mexico news and much more of each of the information. and the world to support your companies that we have under coverage. investment decision. •Ratings of the different brokerage firms • Initiation of coverage that have company coverage Weekly Economic Vision • Comments and company news •Target price of analysts' consensus | Weekly Report • Companies' updates •Quarterly financial information This report will help you understand the • Quarterly estimates way in which the indicators impact • Quarterly results Dashboard financial markets, in this report you will find updated forecasts for the main Bolsa Movers & Shakers Daily Report economic variables in Mexico. Find in an easy way the main market Daily Report variables of the shares available in SIC as Economic Studies Companies Report well as the main comparatives. | Occasional Report | Equity Research Get a detailed analysis of those events Includes the most relevant news and its Estadístico: Bolsas en EUA ♦ New that could impact the economy of the impact for the companies listed on the country in the medium and long term.
    [Show full text]
  • Traxion Rings the Bell at Traditional Mexican Stock Exchange Ceremony
    Mexico City, November 30, 2017 Traxion rings the bell at traditional Mexican Stock Exchange ceremony • Grupo Traxion is the largest ground transportation and logistics company in the country, with a fleet of more than 5,500 units Grupo Traxion S.A.B. de C.V. (“Traxion”) (BMV: TRAXION), a leading company in the ground transportation and logistics industry in Mexico, conducted the traditional bell-ringing ceremony at the Mexican Stock Exchange (BMV) after successfully issuing its Global Initial Public Offering on September 29th. Grupo Traxion is the top logistics investment platform in Mexico, working as the pivot between the country’s financial sector and the logistics and transportation industry. The company offers freight transportation, warehouse management, logistics, and moving services, as well as personnel, school, and tourism transportation services through five highly recognized companies with a great track record in the sector: Grupo SID, Transportadora Egoba, Muebles y Mudanzas (MyM), Auto Express Frontera Norte (AFN), and LIPU. The event was led by Jaime Ruiz Sacristán, Chairman of the Board, José Oriol Bosch, , CEO of the Mexican Stock Exchange, and Aby Lijtszain, CEO for Grupo Traxion, who stated: “We are very proud of this new era for our company, which will promote both our growth as that of our partners. The resources we have obtained after successfully being listed on the Stock Exchange will enable us to make investments focused on the company’s development and growth and to professionalize the industry by integrating successful companies into this platform.” Grupo Traxion is the largest ground transportation and logistics company in the country, with a fleet of more than 5,500 units.
    [Show full text]
  • Administrador Fibraestructura, SAPI De CV, Placed Its Investment Trust
    June 14, 2018 Administrador Fibraestructura, S.A.P.I. de C.V., placed its Investment Trust Fund in Energy and Infrastructure in the Mexican Stock Exchange The "INFRAEX" FIBRA E will monetize a portfolio of assets focused on the development of penitentiaries and roadways infrastructure Mexico City, June 13 2018.- Today, Administrador Fibraestructura, S.A.P.I. de C.V., held the placement of its FIBRA E through an Initial Global Public Offering of Senior Trust Bonds for Investment in Energy and Infrastructure (CBFEs), with ticker symbol "INFRAEX", through Banco Actinver, S.A., Multipurpose Banking Institution, Actinver Financial Group, as issuer Trustee. The Trust was comprised in order to underwrite Series "B" shares representing the share capital from DIP Concesionaria Duranguense de Infraestructura Penitenciaria, S.A.P.I. de C.V., Concesionaria en Infraestructura Penitenciaria de Michoacan, S.A.P.I. de C.V. and Concesionaria Vialidad las Torres, S.A.P.I. de C.V., all of them subsidiaries of Proinfra, and whose main assets are the CPS Durango (a Federal Social Rehabilitation Complex), consisting of penitentiary services for low and mid-risk sentenced inmates, located in the State of Durango; The CPS Michoacan, i.e., the services-rendering contract for the low and mid-risk sentenced inmates penitentiary located in the State of Jalisco, and the PPS Vialidad, which deals with the construction, improvement, preservation and operation of the Solidaridad las Torres Avenue Expansion project at its East and West ends, and the existing modernization in the State of Mexico. The Offering from "INFRAEX" held at the Mexican Stock Exchange was comprised by the issuance of 331,665,991 CBFEs, at a price of MXN$18.50 per CBFE, which totaled MXN$6,136 M.
    [Show full text]
  • Causes and Lessons of the Mexican Peso Crisis
    Causes and Lessons of the Mexican Peso Crisis Stephany Griffith-Jones IDS, University of Sussex May 1997 This study has been prepared within the UNU/WIDER project on Short- Term Capital Movements and Balance of Payments Crises, which is co- directed by Dr Stephany Griffith-Jones, Fellow, IDS, University of Sussex; Dr Manuel F. Montes, Senior Research Fellow, UNU/WIDER; and Dr Anwar Nasution, Consultant, Center for Policy and Implementation Studies, Indonesia. UNU/WIDER gratefully acknowledges the financial contribution to the project by the Government of Sweden (Swedish International Development Cooperation Agency - Sida). CONTENTS List of tables and charts iv Acknowledgements v Abstract vi I Introduction 1 II The apparently golden years, 1988 to early 1994 6 III February - December 1994: The clouds darken 15 IV The massive financial crisis explodes 24 V Conclusions and policy implications 31 Bibliography 35 iii LIST OF TABLES AND CHARTS Table 1 Composition (%) of Mexican and other countries' capital inflows, 1990-93 8 Table 2 Mexico: Summary capital accounts, 1988-94 10 Table 3 Mexico: Non-resident investments in Mexican government securities, 1991-95 21 Table 4 Mexico: Quarterly capital account, 1993 - first quarter 1995 (in millions of US dollars) 22 Table 5 Mexican stock exchange (BMV), 1989-1995 27 Chart 1 Mexico: Real effective exchange rate (1980=100) 7 Chart 2 Current account balance (% of GDP) 11 Chart 3 Saving-investment gap and current account 12 Chart 4 Stock of net international reserves in 1994 (in millions of US dollars) 17 Chart 5 Mexico: Central bank sterilised intervention 18 Chart 6 Mexican exchange rate changes within the exchange rate band (November 1991 through mid-December 1994) 19 Chart 7 Mexican international reserves and Tesobonos outstanding 20 iv ACKNOWLEDGEMENTS I would like to thank UNU/WIDER for financial support for this research which also draws on work funded by SIDA and CEPAL.
    [Show full text]
  • The Mexican Stock Exchange and S&P Dow Jones Indices Complete
    PRESS RELEASE The Mexican Stock Exchange and S&P Dow Jones Indices Complete Successful Transition of Indices S&P Dow Jones Indices will assume responsibility for the calculation, production, maintenance, licensing, and distribution of the Indices MEXICO CITY, JUNE 7, 2017: S&P Dow Jones Indices (“S&P DJI”), the world’s leading provider of index-based concepts, data and research, and the Mexican Stock Exchange (BMV), a public company since 2008 with more than 120 years of experience and a leading exchange in Latin America, announced today the successful transition of the BMV Indices. The indices have been rebranded to S&P/BMV. The co-branded index family, which includes the flagship S&P/BMV IPC Index, the region’s iconic financial benchmark, are calculated, maintained and distributed by S&P Dow Jones Indices as of June 5, 2017. Most index methodologies within the S&P/BMV index family were updated through a public consultation process with members of the investment community, aligning the methodologies with international standards and providing access to global markets. The indices included in the process were: S&P/BMV IPC (Índice de Precios y Cotizaciones); S&P/BMV Mexico Index (INMEX); S&P/BMV Economic Activity Indices; S&P/BMV Investable Sectors; S&P/BMV FIBRAS; S&P/BMV IPC CompMX; S&P/BMV IPC LargeCap; S&P/BMV IPC MidCap; S&P/BMV IPC SmallCap; and S&P/BMV Dividend Index. Additionally, the S&P/BMV Index Committee was created and is comprised of employees of both institutions. The Committee is responsible for governing the indices, monitoring general guidelines, policies and methodologies as well as index maintenance.
    [Show full text]
  • Legal Certainty and Financial Markets Integration: the MILA Case
    Law and Business Review of the Americas Volume 19 Number 4 Article 4 2013 Legal Certainty and Financial Markets Integration: The MILA case Mauricio Baquero-Herrera Follow this and additional works at: https://scholar.smu.edu/lbra Recommended Citation Mauricio Baquero-Herrera, Legal Certainty and Financial Markets Integration: The MILA case, 19 LAW & BUS. REV. AM. 487 (2013) https://scholar.smu.edu/lbra/vol19/iss4/4 This Article is brought to you for free and open access by the Law Journals at SMU Scholar. It has been accepted for inclusion in Law and Business Review of the Americas by an authorized administrator of SMU Scholar. For more information, please visit http://digitalrepository.smu.edu. LEGAL CERTAINTY AND FINANCIAL MARKETS INTEGRATION: THE MILA CASE Mauricio Baquero-Herrera* THE Integrated Latin-American Market (MILA) is the first private transnational financial markets integration initiative in Latin America. It is composed by the Colombian, Chilean, and Peru- vian stock exchanges. This integration has been achieved without a merger or the need for a corporate global integration of the stock ex- changes.' It has been possible because of the use of technological means, the adaptation and minimum harmonization of regulation on capital mar- kets trading, clearing, and settlement, and the custody of securities. 2 Al- though MILA is a gradual single model of integration only for trading in shares, it is an interesting case study as it is the first bottom-up model of private financial markets integration in the region. 3 As with any other model of financial integration, MILA raises important issues related to the legal certainty of securities holdings in cross-border operations.
    [Show full text]
  • Fibra Macquarie México Atiende Requerimiento De La Comisión Nacional Bancaria Y De Valores Respecto a Los Reportes Anuales Del 2018 Y 2019
    FIBRA Macquarie México FIBRA MACQUARIE MÉXICO ATIENDE REQUERIMIENTO DE LA COMISIÓN NACIONAL BANCARIA Y DE VALORES RESPECTO A LOS REPORTES ANUALES DEL 2018 Y 2019 CIUDAD DE MÉXICO, 15 de enero de 2021 – FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ), anunció que el día de hoy presentó versiones actualizadas del reporte anual por los ejercicios fiscales concluidos el 31 de diciembre de 2018 (el “Reporte Anual 2018”) y el 31 de diciembre de 2019 (el “Reporte Anual 2019”), respectivamente, para atender un requerimiento técnico emitido por la Comisión Nacional Bancaria y de Valores. Las versiones actualizadas del Reporte Anual 2018 y Reporte Anual 2019 no cambian los resultados financieros y operativos presentados por FIBRA Macquarie incluidos en las versiones originales de dichos reportes. Acerca de FIBRA Macquarie FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) es un fideicomiso de inversión en bienes raíces, o FIBRA, listado en la Bolsa Mexicana de Valores, especializado en oportunidades industriales, comerciales y de oficinas en México, con un enfoque principal en propiedades estabilizadas y generadoras de ingresos. El portafolio de FIBRA Macquarie consta de 235 propiedades industriales y 17 propiedades comerciales/oficinas ubicadas en 20 ciudades en 16 estados de la República Mexicana, al 30 de septiembre de 2020. Nueve de las propiedades comerciales son parte de una coinversión al 50%. Para información adicional sobre FIBRA Macquarie, por favor visite www.fibramacquarie.com. Nota preventiva sobre declaraciones y proyecciones a futuro Este documento contiene declaraciones a futuro que representan nuestras opiniones, expectativas, creencias, intenciones, estimaciones o estrategias hacia el futuro, que pudieran no suceder o materializarse.
    [Show full text]
  • SECURITIES LISTING GUIDE the Mexican Stock Exchange
    SECURITIES LISTING GUIDE The Mexican Stock Exchange SECURITIES REGISTRATION PRACTICAL GUIDE I. INTRODUCTION Financing through the Stock Exchange enables companies to carry out their investment projects, which ultimately results in improvements and expansion, while enhancing the capacity to take advantage of a series of benefits that boost their business potential. Financing can be obtained by issuing debt or capitals through the MSE. This guide regarding the Securities Registration procedure is intended for all those Mexican and Global companies, stock exchanges, financial brokers and consultants, who may wish to carry out the registration of securities (of their own or of third parties) and carry out the Public Offering of their values on the Mexican Market through the Mexican Stock Exchange (BMV); therefore, the listing and placement process is conducted smoothly and transparently. This guide provides the securities listing guidelines to be followed such as: The requirements and procedures determined by the relevant Circulars of the National Banking and Securities Commission (CNBV), the annexes and amendments, as well as the Internal Regulations of the BMV. Information quality and its timely delivery are essential to seamlessly and successfully complete this process. The companies that offer their securities to the investing public obtain the benefits of stock exchange financing options and acquire responsibilities and obligations regarding the securities market and its participants. II. PROCEDURE OVERVIEW II.1 Preparation of the Required Documentation and Information The required documentation will include the following aspects: Legal Information Corporate Information Financial Information Both the original documentation and the copies must be integrated in accordance with the regulations applicable, under the 1.
    [Show full text]
  • Route to Mexico
    Mexico’s economy is stated to be 11th-13th largest in the world and because Mexico was not influenced or majorly affected by the South American Crisis in 2002 it has been able to grow, albeit slowly. Also, according to Forbes Global 2000 list of the world’s largest companies, Mexico had 16 within that list in 2008. ROUTE TO MEXICO The economy is developing very fast in the areas of Bolsa Mexicana de Valores (BMV) modern industrial and service sectors and as a result www.bmv.com.mx expanded competition in telecommunications, rail LAVCA roads and airports. This is with a view to upgrade the www.lavca.org current or non-existent infrastructure. Being an export orientated economy, Mexico has more than 90% of trade under opens an important networking forum for venture capital and free trade agreements with more than 40 countries involved. This enables Mexico private equity. The monthly e-newsletter, ‘The LAVCA Reporter’, to trade with the various countries involved with minimal or no tariff s to trade, also provides industry news to over 2,000 subscribers. The VC/PE thus benefiting the Mexican economy. Association Working Group encourages development and com- The federal government agency, Pro Mexico, is responsible for strengthening the petitiveness between small and medium sized businesses/enter- part that Mexico plays in the international economy. It also supports the export prises. This group is within the goals of a project grant awarded activities of businesses within Mexico. by the Multilateral Investment Fund (MIF) and Corporacion Established in 2007 and with a network of 33 offices in Mexico, 27 offices abroad, Andina de Fomento (CAF).
    [Show full text]
  • Mexican Multinational Enterprises: Navigating Uncertainty from NAFTA to the USMCA March 2020
    1 Mexican Multinational Enterprises: Navigating Uncertainty from NAFTA to the USMCA March 2020 Mexico City and New York, The Institute for Economic Research (IIEc) of the National Autonomous University of Mexico (UNAM) and the Columbia Center on Sustainable Investment (CCSI), a joint center of Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of their ninth survey of Mexican multinationals.1 The survey, conducted in 2019, is part of a long-term study of the rapid global expansion of multinational enterprises (MNEs) from emerging markets. The present report focuses on data for the year 2017. Highlights In 2017, the 20 largest Mexican MNEs had foreign assets of US$ 153 billion (Table 1), foreign revenue of US$ 100 billion, and 408,231 foreign employees (Annex I, Table 1). The two largest companies (América Móvil and CEMEX) together controlled US$ 74 billion, equivalent to 48% of the total foreign assets of the companies on the list. The four largest MNEs (also including FEMSA and Grupo Mexico) together controlled US$ 104 billion, equivalent to 68% of the total. Companies in the food and beverage sectors (seven) dominate the list, followed by companies in the non-metallic minerals (three) and diversified (three) sectors. Only two companies are 1 The authors of this report, Dr. Jorge Basave Kunhardt and Dra. Maria Teresa Gutiérrez Haces are senior researchers at the Economics Research Institute of National University of Mexico (UNAM). The authors kindly ask that this work be cited properly. Technical support was provided by Vanessa Mora and Iris Velasco.
    [Show full text]