Mexico’s central bank says U.S. to include TIIE 28 swaps in contracts

10/03/16 Reuters

Mexico’s central bank said on Monday that the U.S. Commodity Futures Trading Commission has decided to include the bank’s interbank equilibrium interest rate of 28 days denominated in Mexican pesos in its list of swap contracts.

In 2015, the central bank determined that the 28-day TIIE swaps, the main local derivative, would be negotiated only in markets and platforms recognized by local financial authorities, part of a change in its operating rules.

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