CETES definition

CETES means Certificados de la Tesorería, Mexican Treasury Certificates issued by the Mexican government.

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CETES is to be understood as Federal Treasury Certificates [Certificados de Tesoreria de la Federacion – CETES].

CETES means Certificados de la Tesoreria de la Federacion (Federal Treasury Certificates), as defined in the Diario Oficial, dated November 28, 1977, published by the Guarantor;

Examples of CETES in a sentence

As CETES we shall understand the 28-day term Federation Treasury Certificates Rate, issued by the Banco de Mexico, through the Oficial Federation Diary (Diario Oficial de la Federacion) at the most recent prior date to the starting date of each interest rate determination period.
In the event of default, the Debentures accrue default interest at the rate of 10% per annum or the rate obtained by multiplying by two the interest rate in respect of the 28 day Treasury Certificates (Certificados de Tesorería, or CETES) in effect as of the relevant default date, whichever is higher.
No Tenant or guest shall cause excessive noise or disturbance at any time, or operate a radio, television, or stereo as to disturb other tenants or neighbors.
The Amount of Indebtedness in effect will accrue ordinary interest monthly, which will be calculated to the last day of each Interest Calculation Period at the rate obtained from adding 2.5 (two point five) percentage points to the CETES Rate.
In the event that there is no Substitute Rate, the highest rate of the treasury certificates (CETES) for a term of 28 (twenty-eight) days will be applied, in the corresponding period, according to the publications in the Official Gazette of the Federation or in any newspaper of national circulation, adjusting the rate thus determined in accordance with the monthly variations of such rate.
In the event the T.I.I.E and CETES rates no longer exist, or when the interest calculation is done, they are unknown, their substitute reference rate shall be the Liabilities Time Collection Cost (C.C.P.); to this reference rate we shall add 6.5 (six point five) percentage points, thus conforming the substitute rate.
In the event the T.I.I.E. Rate exists no more, or when the ordinary interest calculation is done, according to what is set forth in the above paragraph, is unknown, its substitute reference rate shall be that of the Federation Treasury Certificates (CETES); to this reference rate we shall add 6.25 (six point twenty-five) percentage points, thus conforming the substitute interest rate.
For effects of the price adjustment, the financial cost that may be generated shall be calculated at a rate equal to that of 28-day CETES (Federal Treasury Certificates) applicable during the corresponding period.
In the event the T.I.I.E. Rate exists no more, or when the ordinary interest calculation is done, according to what is set forth in the above paragraph, is unknown, its substitute reference rate shall be that of the Federation Treasury Certificates (CETES); to this reference rate we shall add 5.5 (five point five) percentage points, thus conforming the substitute interest rate.
Following the expiration of the Interest Period for any LIBOR-based Loan or TIIE-based Loan, as the case may be, interest shall automatically accrue (x) if such Loan is a LIBOR-based Loan, at the Federal Funds Rate unless Borrower requests and receives another LIBOR-based Loan as provided in this Section 2.11 or (y) if such Loan is a TIIE-based Loan, at the CETES Rate unless Borrower requests and receives another TIIE-based Loan as provided in this Section 2.11.

More Definitions of CETES

CETES means Certificados de la Federación, the Borrower’s bonds with a maturity of 28 days;

CETES means Treasury Certificates of the Federation [Mexican treasury certificates].

CETES the rate of return of Federation Treasury Certificates with a term of 28 - twenty eight days. 3) "TIIP" the Average Cross Banks Rate of Interest which the Bank of Mexico publishes in the Official Newspaper of the Federation. 4) "TIIE" the Balance Rate of Interest at a term of 28 - twenty eight days, or the alternative term to this, which the Bank of Mexico releases every bank working day by publishing it in the Official Newspaper of the Federation in keeping with circular 2019/95 and its amendments of February 29-twenty ninth, 1996- one thousand nine hundred and ninety six. 5) "TASA LIDER" the better rate between the "CPP" or the "CTES" or the "TIP" or the "TIIE" according to what is indicated in the definitions established in points 1, 2, 3, and 4 respectively of this article, bearing in mind the variations that any of the above rates may suffer on any date whatsoever. To calculate the "rate of discount" take the annual rate that results from multiplying 1.12 (ONE POINT ONE TWO) the "THE" of the moment nearest to the date of transfer of "THE ACCOUNTS RECEIVABLE", calculated in relation to the number of days that have transpired between the date on which the partial payment is received and the "expiry date". The "rate of discount" applicable, to which this paragraph refers, has a lower limit or minimum bottom rate determined by the bottom rate plus 2 (TWO) points.