Promoting the operation of the SIC, Indeval announces an update to the fees charged for the transfer of securities. An important step toward reducing costs and facilitating access to the international market for investors of all sizes.
Kick Off “Post Trade Digital Evolution” project, which involves transforming the technological ecosystem of Indeval, Asigna, and CCV, as well as their operational processes. In May of this year, the settlement cycle was changed to T 1, migrating almost 60% of total issues.
Indeval joins SWIFT updates using dual ISO 15022 and 20022 messaging for receiving and sending information.v
As a key project, Indeval received approval from the Internal Revenue Service (IRS) to operate as a Qualified Intermediary (QI). This means that Indeval will have control over the tax withholding process for payments of securities listed on the SIC.
Taking a major step toward the electronification of the market, Indeval, in conjunction with the Bank of Mexico, implements Electronic Safekeeping as well as the “Requirements Guide” for connecting with participants
With the COVID-19 worldwide pandemic situation, Indeval triggers it's Business Continuity Plan. All services provided were successfull at all times with more than 90% of the personnel working from home.
SWIFT Project -Indeval strengthens its customer and Global Custodian communication channels by implementing a global standard for financial transactions, reducing costs and risks inherent to Post-Trade activities.
SIC Project (International Trading System) - Consolidation of the Global Stock Market as an efficient platform to diversify international portfolios
Indeval begins with implementing the Principles Applicable to Financial Market Infrastructures (PFMI's), seeking to strengthen its risk management and adhere to global standards.
Indeval incorporates the Indeval Financial Protocol in the International operation.
Indeval obtains the 'Franz Edelman Award' for the Implementation of Operations Research in the Securities Settlement System
Release of the New Settlement System - Dali.
Implementation of the Indeval Financial Protocol based on ISO 15022, improving the interoperability and execution of financial instructions.
Indeval strengthens its services by granting the Administration of Reports with the release of the System of Administration and Valuation of Collateralized Reports (SAVAR).
Indeval optimizes its algorithm with the incorporation of the Basel DvP 3 Settlement Model consisting of the settlement of net securities and cash at the end of the settlement cycle.
The VALPRE system is released for Investment and Specialized Companies; with this, Indeval begins to provide the services of Securities Lending to the market.
Indeval incorporates in its products the custody and settlement of government debt securities.
Indeval strengthens its settlement model by incorporating the Delivery versus Payment (DVP) scheme.
Indeval joins ANNA (Association of National Numbering Agencies). With this, Indeval begins to provide the service of ISIN (International Security Identification Number) code assignment, based on the international standard ISO 6166. The ISIN code assigns the securities a unique identifier used in the Custody and Settlement of securities globally.
Transmission of SWIFT messages begins.
The Central Securities Depository is created.
S.D Indeval (Institución para el Depósito de Valores - S.D. Indeval, S.A de C.V) is legally constituted as a private for-profit entity. The Ministry of Finance and Public Credit grants Indeval the concession to operate as a Central Securities Depository.
