In response to market demand to optimize operating procedures and in line with the international trend of shortening settlement periods, the Mexican capital markets are currently in the process of reducing the settlement period from T 2 to T 1. This modification will be applied on May 27th, 2024.
READ MOREINDEVAL received approval from the Internal Revenue Service - IRS (United States Tax Authority) to
operate as a Qualified Intermediary (QI). As a result of this initiative, as of January 1st, 2023, INDEVAL
will control the tax withholding process for payments of securities listed in the SIC (International
Quotation System) from the United States.
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DOWNLOAD API 7.0.5View moreWe have a Business Continuity Plan, which allows us to maintain our services despite any eventuality, all this through risk management and processes to be followed in case of any unforeseen event.
In order to take advantage of technology, Indeval implemented an electronic securities issuance service, thus streamlining processes, reducing costs and adhering to sustainable projects. In the year 2023, more than 836 physical securities of series "1" and "C-1" that are currently in the custody of Indeval were exchanged for electronic ones.
We reported a total custody of MXN 35.2 BN in the last quarter (which is mostly distributed in government debt, equity and mutual funds and afores). At year-end 2023 this represented an increase of 12% over 2022.
INDEVAL, BMV GROUP
Indeval has a new historical amount of assets in custody in the SIC (Sistema Internacional de Cotizaciones), in the last quarter it had an amount of 77.3 BN USD in custody, which exceeds the amounts recorded in previous dates, in addition to an increase in custody of assets of 18.7% with respect to the year 2022.
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