Indeval provides two types of account structures for local and foreign clients:
Benefits
Both account structures have their benefits:
Omnibus Accounts |
Segregated Accounts |
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Under Mexican regulation, financial institutions, including banks and broker-dealers among other types of entities Participants of S.D. Indeval, are required to segregate their assets from those of their clients at the depository level.
S.D. Indeval offers its Participants two account types: own position accounts and third-party accounts. Participants can hold their clients' assets in a single account at the depository under an omnibus account. Individual client segregation is done at the Participants' books and records; however, Participants can open multiple accounts to accommodate their own segregation needs.
In addition to own position and third-party accounts, participants have the following accounts:
Participants may transfer funds from their cash accounts with the Central Bank through payment systems such as SPEI into DALI. At the end of the day, DALÃ transfers all Participants' cash balances in DALI to their accounts at the Central Bank via SPEI or any bank account they have indicated.
Indeval is responsible for monitoring the status of their own cash accounts for settlement at the beginning of the operating day in which they must show a balance of "0", during the operating day where they will never present negative balances, and at the closing of the operating day where they will again remain at "0", transferring all end-of-day balances to their account at the Central Bank or the account at any other bank that they are set to receive those funds.