Through the Extraordinary Settlement Procedures, are
established the procedures to be followed by CCV to eliminate the failed
obligations with the Liquidator Agents
that have fulfilled their obligations, as well as actions taken by the CCV when
one of the agents keep Failed Obligations with it.
These procedures are:
Securities Lending: The CCV is actively participating in this
market to get the titles that were not delivered by defaulting agents in order
to contain the failed obligation.
Cash Extraordinary Settlement: This is the last alternative that takes the CCV with the agents
concerned for the settlement of failed obligations when all the regulatory
measures have been consumed and the obligation could not be extinguished.
Buy in and Sell Out (pending): Through this mechanism, the CCV can get titles related to a failed
obligation through a purchase instruction with an intermediary in the Mexican
This is a resource that agents have the obligation to extinguish the failed
obligations with the CCV, subject to the circumstances described in the
regulation, manual and other rules of Risk Committee.