The Mexican Stock Exchange (BMV) began the operation of the electronic debt market that will allow, over time, the multiplication of operations and reaching amounts in the trillions (Mexican) of pesos.
On November 26, the Central Securities Counterparty (CCV) began operating, which will allow compensation between banks and stock brokers, to reduce risk.
CCV simplifies operations, standardizes processes and reduces errors.
Debt operations that were still being done by voice, went down in history and are now done electronically.
The CCV will allow a good part of the Mexican government debt operations that are carried out abroad to now be carried out in Mexico.
The Central Securities Counterparty is an electronic clearing house that will increase security and confidence in debt market operations.
The CCV in debt begins operations with M Bonds and will expand from 2026 to Cetes, Udibonos, and government repos.
The president of the BMV, Marcos Martínez, remembers that 25 years ago, when the stock market stopped shouting and began to be carried out electronically, the market grew 27 times its size.
With the evolution of the debt market to the electronic system, very significant growth is projected.
“What we expect is that the debt market in Mexico will multiply many times; it will be a very important growth for the country,” says the CEO of the BMV.
To date, around 120 billion pesos are traded in the debt market daily and consequently the CCV will have support of around 12 billion pesos.
If the CCV had existed a few weeks ago, the banking institutions that ran into problems would have had no problem continuing to obtain funding from the market.
That is the size of the clearinghouse, says Martínez.
The CCV releases liquidity and optimizes the institutions’ balance sheets.
Unofficial calculations anticipate that the CCV could multiply the volume of operations in the debt market by up to seven times in five years.
Apparently, the modernization of the debt market in Mexico has a lot of potential and will benefit not only the private sector, but also the government itself. At the time
Payment methods: Concanaco and Canaco, support and dialogue
The government project to modify the rules and reduce commissions for card payment operations finds echo and request for dialogue and agreement in the country’s organized commerce.
In Concanaco, headed by Octavio de la Torre, they agree with the project to modernize payment networks and circuits.
This was recently expressed to President Claudia Sheinbaum and at work tables to the Secretary of the Treasury, Édgar Amador.
Concanaco proposes three things, for the benefit of family businesses: minimum and clear commissions, modern terminals or mechanisms available at more points to facilitate transactions, services and faster payment of money.
With this, the cost would drop, the flow would increase and the neighborhood businesses would win.
Concanaco highlights that family businesses represent 95% of the economic units in the country, employ 70.7% of the staff and generate 56.5% of the private sector’s income; There are 5.45 million family businesses in operation.
Any change in payments directly helps businesses and family businesses.
For its part, the Chamber of Commerce of Mexico City, chaired by Vicente Gutiérrez Camposeco, recognizes the importance of consolidating an accessible, inclusive and safe financial system that meets the needs of people and companies, with adequate regulation that stimulates competition, banking access and the use of technological tools.
However, given the proposal to establish caps on the exchange fees that businesses pay to accept card payments (up to 0.3% for debit and 0.6% for credit), Canaco warns that although this measure could reduce operating costs, competition should be the natural mechanism to regulate prices in the market.
Canaco advocates constructive dialogue to move towards a modern, competitive financial system that meets the needs of Mexico, which promotes the digitalization of the economy and strengthens formality in trade.
The topic is still under discussion. We will see.
