Access to The Mexican Derivatives Exchange MexDer

Transcription

1 Access to The Mexican Derivatives Exchange MexDer

2 Why Choose Scotiabank? Scotiabank is a founding clearing member and shareholder of MexDer. With a dedicated team of professionals, leading edge technology and exceptional service capabilities, we have been the choice of over 70% of MexDer market makers and many foreign resident clients and foreign brokers.* Our technology platform is a powerful tool for national and international clients as it provides direct electronic access to the exchange. This real-time access to the market significantly reduces response times and transaction risk, providing our clients with professional service and the reliable execution they require. * Figure as of January 2013 Why use Scotiabank? The answer is simple: RELIABLE AND FLEXIBLE Service STRONG CAPABILITIES CLIENT FOCUS RAPID Execution EFFICIENT ACCESS to MexDer DIRECT ELECTRONIC ACCESS TO THE MARKET Proven Performance Over the last few years, Scotiabank has proven the strength of its clearing capabilities on MexDer and has demonstrated leadership in the Mexican market. Highlighted accomplishments include: Negotiation and settlement of the first transaction of a foreign client on MexDer Negotiation and settlement of the first transaction of a Mexican pension fund on MexDer Negotiation and settlement of the first option transaction of a Mexican pension fund on MexDer Special distinction from MexDer due to our outstanding participation in the market Traded the first transaction of 2 years Swap Futures Traded the first transaction of yellow corn in Pesos and Tons Traded the first transaction of USD Futures/Spot Excellent participation in Interest Rate Futures

3 Our Mission To be the best supplier of clearing and execution services on The Mexican Derivatives Exchange (MexDer), by offering our clients high standards of service and trust, while adapting to the changing world of business on a daily basis. Who We Are Scotiabank s Global Banking and Markets division provides a full suite of corporate and investment banking and capital markets products and services to government, corporate and institutional clients around the world. In Mexico, we are a full service clearing and execution provider for all derivative products (futures, options and swaps) listed on The Mexican Derivatives Exchange (MexDer). As one of the most technologically advanced clearing members in Mexico, Scotiabank provides clients with access to a wide range of services including direct electronic access to the Mexican derivatives market through our broker, Scotia Derivados. Scotiabank, a clearing member of the exchange, offers various settlement services specific to each clients account management needs (Omnibus Account, Give-ups, Global Accounts, etc.); allowing us to provide clients with the best operating alternatives and customized service on an international scale. We deliver comprehensive and tailored solutions to help our clients meet their financial needs. MexDer and Asigna The Mexican Derivative Exchange (MexDer), was created by the Mexican Stock Exchange for the trading and execution of futures, options and swaps contracts in Mexico. At the end 2011, MexDer and The Chicago Mercantile Exchange (CME) launched the second phase of the electronic order routing agreement, where customers around the world can reach and trade MexDer products through Globex System owned by the CME. In order to align with the new international regulations, in May of 2013, Mexder listed the Interest Rate Swap Contracts of TIIE 28 days (The Mexican Reference Interest Rate). All contracts traded in MexDer are cleared through the clearing house Asigna, which functions as a counterparty and guarantor of all transactions executed on this exchange. Asigna, through its security network and organization, has the highest credit rating in Mexico with AAA rankings from Moody s, Standard & Poor s and Fitch Ratings. Globex is a Trade Mark registered by CME. If you are interested to learn about the connectivity through Globex please visit the Strategic Partnership with CME Group section on the MexDer website at mexder.com.mx or visit the Exchange/Partners Specific Functionality - MexDer via CME Globex, and/or North to South FAQ and On-boarding Reference Guide section on the CME website at cmegroup.com. Asigna Fitch and S&P ratings as at December 2012, Moody ratings as at July 2013.

4 Derivative Products Listed on MexDer Scotiabank trades and clears all the derivatives listed on MexDer: Stock Index Futures (IPC) Interest Rate Futures Contracts (TIIE 28 day, CETE 91 day, Swaps) Bond Futures Contracts up to 30 Years Currency Futures Contracts (Euros and US Dollars) Yellow Corn Futures and Options (CBOT in Pesos/Tons) Contracts for Futures and Options on Securities Market Indices (CPI and Inflation UDIS ) Stock Futures and American Options Contracts (G.Carso A1, Cemex CPO, Femsa UBD, América Movil, GMexico, Walmex V, BRTRAC10, MEXTRAC09) Bond and Currency Options Contracts Interest Rate Swaps Futures Contracts Interest Rate Swap Contracts To view the most updated list of derivative products listed on MexDer, please visit the products tab on the MexDer website mexder.com.mx. MexDer Capabilities Electronic Market, with Fix 4.4 Remote Foreign Brokers Membership (for free up to 2013) No Withholding Taxes (up to 2013) Give ups Agreements or Transfers CFTC NO Action Letter for IPC Futures, Options and Swaps Omnibus Account (names of the passengers NOT to be displayed)

5 Scotiabank Services and Advantages We are committed to providing our clients with efficient, transparent, low risk service. In addition to receiving exceptional and ongoing support, clients trading with Scotiabank Global Banking and Markets enjoy the following benefits: Leading Edge Technology Favourable Fees Bilingual Service Extreme Confidentiality Timely Information from Asigna and MexDer Fast Account Opening and Activation High Transaction Limits Flexible Information Systems Electronic Bank Transfers Electronic Daily Confirmation Letters Monthly Electronic and Paper Account Statements Direct Electronic Access to the Market International Presence Credit Facilities Clearing Member Fitch TR1 Mex/Superior Scotiabank Awards & Rankings Named Global Bank of the Year (2012), The Banker Named Bank of the Year for the Americas (2012), The Banker Ranked among the World s 50 Safest Banks ( ), Global Finance Recognized as one of the World s Strongest Banks Globally and in North America (2013), Bloomberg Markets Named the World s Best Emerging Markets Bank in 5 Countries in Latin America and the Caribbean (2012), Global Finance Best Corporate / Institutional Internet Bank in 15 Countries in Latin America and the Caribbean (2012), Global Finance Scotiabank s Mexico Agency Ratings* Moody s Investors Services Standard & Poor s Fitch Ratings Long Term Short Term Perspective Aaa.mx mxaaa AAA (mex) MX-1 mxa-1+ F1+ (mex) Stable Stable Stable * All ratings shown are current as at October 2013 Scotiabank s Credit Ratings** Moody s Investors Services Standard & Poor s Fitch Ratings Dominion Bond Rating Service Ltd. Long Term Debt/Deposits Aa2 A+ AA- AA **As at March 2013

6 For more information on Scotiabank s leading edge derivative products, contact our Mexico Derivatives Sales Team: Guillermo Camou (5255) Lorena Pichardo (5255) Angelica Aguilar (5255) mex.der@scotiabank.com To learn more about Mexican financial markets that you can access through Scotiabank, please visit our webinar: gbm.scotiabank.com/mexder US Investors: Any U.S. institutional investor wishing further information or to effect transactions in any security discussed in this report should contact Scotia Capital (USA) Inc., a broker-dealer registered with the SEC and FINRA at gbm.scotiabank.com When insight matters. TM GLOBAL BANKING AND MARKETS Trademarks of The Bank of Nova Scotia. Used under license, where applicable. Scotiabank, together with Global Banking and Markets, is a marketing name for the global corporate and investment banking and capital markets businesses of The Bank of Nova Scotia and certain of its affiliates in the countries where they operate, including Scotia Capital Inc., Scotia Capital (USA) Inc., Scotiabank Europe plc; Scotiabank (Ireland) Limited; Scotiabank Inverlat S.A., Institución de Banca Múltiple, Scotia Inverlat Casa de Bolsa S.A. de C.V., Scotia Inverlat Derivados S.A. de C.V., Scotiabank Brasil S.A. Banco Multiplo all members of the Scotiabank group and authorized users of the mark. The Bank of Nova Scotia is incorporated in Canada with limited liability and is authorised and regulated by the Office of the Superintendent of Financial Institutions Canada. Scotia Capital Inc. is a Member of the Canadian Investor Protection Fund. Scotia Capital (USA) Inc. is a broker-dealer registered with the SEC and a member of FINRA, NYSE and NFA. The Bank of Nova Scotia and Scotia Capital Inc. are authorised by the UK Prudential Regulation Authority. The Bank of Nova Scotia and Scotia Capital Inc. are subject to regulation by the UK Financial Conduct Authority and limited regulation by the UK Prudential Regulation Authority. Details about the extent of The Bank of Nova Scotia s and Scotia Capital Inc. s regulation by the UK Prudential Regulation Authority are available on request. Scotiabank Europe plc is authorised by the UK Prudential Regulation Authority and regulated by the UK Financial Conduct Authority and the UK Prudential Regulation Authority. Scotiabank Inverlat, S.A., Scotia Inverlat Casa de Bolsa, S.A. de C.V., and Scotia Derivados, S.A. de C.V., are each authorised and regulated by the Mexican financial authorities. Not all products and services are offered in all jurisdictions. Services described are available only in jurisdictions where permitted by law. TM 10/13