Mexico: Financial Sector Assessment Program Update: Technical Note: Derivatives Market: Overview and Potential Vulnerabilities

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 169

Publication date: May 2007

ISBN: 9781451825770

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Public Finance , ISCR , CR , derivatives market , market participant , interest rate options market , derivatives contract , Mexican peso , derivatives dealer , U , S , dollar , exchange-traded derivative , repo market , interest rate derivative , Mexican OTC derivatives market , derivatives transaction , swap market , TIIE swap market , Derivative markets , Options , Over-the-counter markets , Futures , Pension spending , Global

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Republic of Congo : 2001 Article IV

Summary

This technical note provides an overview of Mexico’s derivatives markets, and describes concisely the derivatives regulatory framework and risk management practices in financial institutions active in these markets. The most important derivatives market in Mexico is the over-the-counter (OTC) derivatives market, which is fully integrated with the global derivatives market. The origin of the OTC derivatives market can be traced back to the 1994 Mexican crisis that forced Mexico to abandon its fixed exchange rate regime.