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Governmental Special Purpose Endeavours:
Prior to our formation In 2001, our owners with a combined knowledge in the financial markets of more than 50 years, had offered a wide range of services throughout Mexico and the government of Mexico to provide special purpose financing against assets in excess of $500 Billion Pesos. The rights, authority, power, and ability under the laws of the Federal Government of the United States of Mexico to issue Titles of Credit, namely Bonds, Letters of Guarantee and the like. The authority and power to issue Titles of Credit was via the federal law of the United States of Mexico, the Federal General Law of Credit Auxiliary Organizations and activities, Article 40-111. In 2003, the governmental purpose for the alliance was completed and the title deeds being held to over $500 Billion Pesos in Real Estate was returned to the owners who had subordinated their titles. This successfully fulfilled the obligation to the endeavor and earned a pristine reputation for our owners in the area of professional administration. They had made their mark as a reliable custodian. |
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