BACKGROUND
1997 is created a collateral trust
for settlement of operations concerted at Mexican Stock Exchange.
Settlement is done with Delivery
Versus Payment Scheme
1999 Begins the bilateral
settlement scheme with a reduction of flows in 30%
Mulrilateral Scheme
August 2001
The use of credit was diminished
and the operations anchorage was diminished in 60%.
It was established a Collateral
Fund sensitive to the exposure of each member.
Homologation
with the principal settlement systems of the world.
In 2001 the reforms to the Stock
Market Laws introduce
de concept of Central Counterparty.