Overview

• The Bolsa Mexicana de Valores activated its Contraparte Central de Valores for the debt market, beginning with compensation and settlement of Bonos M.
• The CCV interposes between buyers and sellers to guarantee trades, cutting counterparty risk and supporting continuity during volatility.
• The model removes the need for bilateral credit lines between banks and brokerages, opening participation to more firms, including international investors.
• Standardized clearing and netting are designed to reduce errors, lower amounts to settle, free liquidity and improve balance-sheet efficiency.
• BMV is onboarding banks and broker-dealers as clearing members in an orderly rollout, with future phases planned for other government debt and repo operations.