The purpose of this book is to serve as a reference for other countries searching to develop their government securities market and, at the same time, as a guide for students, academics, and local and foreign investors to know the level of development and the most important features of the Mexican debt market.

 

First, a general overview of Mexico’s strategy to achieve a successful development of the securities market is offered, followed by a detailed description of the types of instruments currently operating in this market and how they are placed among investors. The current investor base is also analyzed and how the secondary market operates. Market makers, which have been a key figure in the development of this market, are also examined, and Mexico’s securities clearing and settlement systems are described as well. Last, relevant regulatory and fiscal aspects are reviewed.