will be subject to the terms, conditions and regulation of each of the Integrated Market´s Exchanges with which BMV has signed an agreement
1.14 COMPUTING THE AMOUNT FOR FIXED-INCOME INSTRUMENTS
The amount displayed by the BMV-SENTRA Capitales system does not contemplate the calculation of interest.
The amount of the trade plus interest accrued may be viewed by broker-dealers by querying the SIVA system, MCCLC (Settlement by Broker-Dealer Query) once the corresponding trading session has ended.
The applicable formulas for determining the amounts are as follows:
Instruments in Pesos
Amount = Number of securities X Market Value
Instruments in Udis
Amount = N° of shares X Market Value X Value of the UDI
The Original Face Value will be updated as advance redemptions occur.
The Udi value to be considered for trade settlement will be the UDI on the day the trade takes place as posted.
Instruments in US Dollars
Amount = N° of shares X Market Value X Exchange Rate
For Issuers indexed to the US Dollar, the exchange rate published in the Diario Oficial [Official Daily Gazette].
For trading purposes, the following shall be observed:
For same-day settlements, the previous day’s exchange rate will be used.
For 24-hour and 48 hour settlements, the exchange rate on the day of the trade will be used.
The formula for determining accrued interest is as follows.
Interest Calculation
Interest = [(Average rate) X Days elapsed] X Updated Face Value X Volume 360
For interest calculation, the days contemplated shall be from the date of the are reflected in the SIVA System by querying MCCTIN.
APPENDIX 1
(Letterhead)
(Place and date)
Lic. Alfredo Guillén Lara
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255, Piso 4 Col. Cuauhtémoc
06500 México, D.F.
I, Name of CEO, in my standing as CEO of
(Broker Dealer's Name or Corporate Name), hereby set forth that as provided by section III of provision 3.003.00 of the Bylaws of the Bolsa
Mexicana de Valores, S.A.B. de C.V., (person to act as trader) has the necessary practical experience to perform the duties of Trader.
S i n c e r e l y ,
___________________________________
Name and signature of the CEO of the aspiring Member or of the Member
APPENDIX 2
(Letterhead)
(Place and date)
Lic. Alfredo Guillén Lara
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255, Piso 4 Col. Cuauhtémoc
06500 México, D.F.
Pursuant to sections IV and V of provision 3.003.00 of the Bylaws of the Bolsa Mexicana de Valores, S.A.B. de C.V., I hereby undertake to comply with the provisions of the Professional Code of Ethics of the Mexican Stock Exchange Community and agree that should any disciplinary and corrective measure be imposed upon me as a result of disciplinary proceedings, the BMV shall publish it in such media as it may determine for such purpose.
S i n c e r e l y ,
______________________________
Name and signature of the person proposed to act as Trader
APPENDIX 3
(Letterhead)
(Place and date)
Lic. Alfredo Guillén Lara
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255, Piso 4 Col. Cuauhtémoc
06500 México, D.F.
In my standing as CEO of (Broker-Dealer's Name or Corporate Name) and pursuant to provision 3.009.00 of the Bylaws of the Bolsa Mexicana de Valores, S.A.B. de C.V., I hereby request that a password be issued to
(Name of Individual to act as Trader) in order that he or she may place Orders and execute Trades through the Electronic Trading System.
I further state that the Broker-Dealer I represent assumes, for all effects in order, responsibility for such use as the aforementioned individual may make of the aforesaid password, and assumes unlimited liability for each and every Order placed and Trade executed through the use of said password.
S i n c e r e l y ,
___________________________________
Name and signature of the Member’s CEO or, in his or her absence, an attorney-in-fact or legal representative with power-of-attorney to perform acts of administration
APPENDIX 4
(Letterhead)
(Place and date) Lic. Alfredo Guillén Lara
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255, Piso 4 Col. Cuauhtémoc
06500 México, D.F.
We hereby request authorization for (name of aspiring Trader)
to act as Trader, specializing in the Capital Market, on behalf and in representation of this Broker-Dealer, pursuant to section IV of provision 3.002.00 of the Bylaws of the Bolsa Mexicana de Valores.
S i n c e r e l y ,
_______________________________
Name and signature of the CEO
AGREED
______________________________
Name and signature of aspiring Trader
APPENDIX 5
(Place and date)
Lic. Alfredo Guillen Lara
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255, Piso 4 Col. Cuauhtémoc
06500 México, D.F.
Upon the terms set forth in article 193 of the Ley del Mercado de Valores [Securities Market Law], I hereby represent having the necessary integrity, satisfactory credit history and technical capabilities to perform the duties of Trader.
Sincerely,
Name and signature of the Aspiring Trader
APPENDIX 6
(Place and Date)
Lic. Alfredo Guillén Lara
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255, Piso de Remates Col. Cuauhtémoc,
06500 México, D.F.
Deriving from the assigning of passwords for the (Electronic Trading System and/or Automated Integral Securities System SIVA) to ______ and ________, to (place orders and execute trades / issue initial offerings or register fixed-income and/or debt securities), in my standing as CEO of ____________________, I hereby declare that the entity I represent assumes, for all effects in order, responsibility for the use given the passwords by the aforementioned individuals and assumes unlimited liability for each and every one of (the orders placed and trades executed / the initial offerings or registration of the aforementioned securities) through the use of said passwords.
S i n c e r e l y ,
______________________________
Name and signature of CEO
APPENDIX 7
(Letterhead)
(Place and date) LIC. ALFREDO GUILLÉN LARA
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255 Col. Cuauhtémoc
06500 México, D.F.
In my standing as CEO of Broker-Dealer's corporate name and
pursuant to the Bylaws of the Bolsa Mexicana de Valores, S.A.B. de C.V., I hereby request access to said BMV’s Electronic Trading System via the global network known as the “Internet” (BMV SENTRA Capitales’ INTERNET application) to place Orders and execute Trades in cases where the technical problems referred to in provision 5.023.01 of the aforementioned Bylaws occur.
I further declare that the Broker-Dealer I represent, for all effects in order, accepts that it knows the obligations and responsibilities, including rules of use and technical and communications conditions, relative to the INTERNET platform.
Lastly, the entity I represent acknowledges that this means of access and trading is complementary and does not replace a Member’s contingency plans and use of alternate sites upon the terms of section XV of provision 2.007.00 of the referenced Bylaws.
S i n c e r e l y ,
___________________________________
Name and signature of the Member’s CEO, or in the latter’s absence, of an attorney-in-fact or legal representative with power-of-attorney for performing acts of administration
APPENDIX 8
(MARKET MAKER APPLICATION FORM TEMPLATE)
(Member’s letterhead)
(Place and date) Lic. Alfredo R. Guillén Lara
Director de Servicios Transaccionales Capitales Bolsa Mexicana de Valores, S.A.B. de C.V.
Paseo de la Reforma No. 255, Piso de Remates Col Cuauhtémoc
06500 México, D.F.
I, (Name of CEO), in my standing as CEO of (Broker-Dealer’s Name or Corporate Name), pursuant to Article 171, section III of the Ley del Mercado de Valores [Securities Market Law] in effect and the provisions stipulated by the Bolsa Mexicana de Valores, S.A.B. de C.V. relative to the trading figure known as a “Market Maker”, request the BMV’s authorization to act as market maker in the following securities and for the following terms:
Security (Issuer and Series) Term (date to date) 1.
2.
3. (…)
Moreover, I inform this BMV of the following:
I. That an agreement has been executed with (Issuer Firm’s name or corporate name), Issuer of the