Changes to the settlement cycle from T+2 to T+1

Date:

July, 13 2023

Ends:

January, 02 2023

For mexican securities in the capital market and those listed in the international quotation system (sic), which have the United States or Canada capital markets as the main market.

The United States Securities and Exchange Commission (SEC) and the Canadian Capital Markets Association (CCMA) announced their decision to move the settlement cycle for capital market securities from two business days (T+2) to one business day (T+1). The target dates defined by SEC and CCMA for the transition to T+1 are May 27 and May 28, 2024, respectively.

Mexico’s Equities CCP, Contraparte Central de Valores (CCV) and the Mexican Association of Brokerage Firms (AMIB), analyzed the viability to reduce the settlement cycle to T+1 for the ordinary securities settlement period, in synchrony with the markets of the United States of America and Canada, considering the strong interaction between these markets with the Mexican market.