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S&P/BMV Fixed Income IndicesMethodologyNovember 2017S&P Dow Jones Indices: Index Methodology

Table of ContentsIntroduction3Index FamiliesEligibility Criteria34Eligible Securities4Pricing5Sub-Index Rules6CETES Indices6Government MBONOS Indices6Inflation-Linked UDIBONOS Indices7International UMS Indices7Sovereign 7 Indices8Quasi-Sovereign Indices8Corporate Bond Indices9Corporate Bond Indices (Continued)10Money Market Indices10Money Market Rate Indices10Index Construction11Index Calculations11Accrued Interest11Ratings Conventions11Index Maintenance12Rebalancing12Base Dates and History Availability13Index GovernanceIndex CommitteeIndex Policy151516Announcements16Holiday Schedule16Rebalancing16End-of-Day Calculation16Recalculation Policy16Contact Information16S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology1

Index Dissemination17Tickers17FTP18Web site18Appendix A19Adjustment for Coupon Payments19Adjustment for Coupon for UMS and UDIS Indices19Appendix B21Index Calculations21Coupon Reinvestment22Appendix C23Bank Funding (Same Day)23Governmental Funding (Same Day)23TIIE 28 (Same Day)24TPFGN25Promissory Note 28 Day Rate25Three Month Fixed Term Deposits26U.S. Fed Funds Target Rate26Appendix D2724hr IndicesAppendix E2728Methodology ChangesDisclaimerS&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology28302

IntroductionThe S&P/BMV Fixed Income Indices are designed to objectively measure the performance, in Mexicanpesos (MXN) unless otherwise stated, of the Mexican fixed income market and are composed of auniverse of fixed income securities issued in the domestic Mexican market and internationally.Valmer provides daily updated prices for the valuation of financial instruments, as well as comprehensivecalculation, reporting, analysis, and risk management associated with these prices. Valmer, founded in2000, is regulated and supervised by the National Banking and Securities Commission.Indices are categorized under four distinct index families: Sovereign Bond Indices Corporate Bond Indices Quasi-Sovereign Bond Indices Money Market IndicesIndex FamiliesThe S&P/BMV Fixed Income Indices include the following indices categorized into four index families byindex type:Index TypeSovereign Bond IndicesQuasi-Sovereign Bond IndicesCorporate Bond IndicesMoney Market Indices IndexS&P/BMV Sovereign CETES 7 Day Bond IndexS&P/BMV Sovereign MBONOS Bond IndexS&P/BMV Sovereign UDIBONOS Bond IndexS&P/BMV Sovereign International UMS Bond Index (USD & MXN)S&P/BMV Sovereign 7 Day Bond IndexS&P/BMV Mexico Sovereign Bond IndexS&P/BMV Quasi-Sovereign Bond IndexS&P/BMV Quasi-Sovereign & Bank Floating Rate Composite EqualWeight 1 Year IndexS&P/BMV Quasi-Sovereign Floating Rate Bond IndexS&P/BMV Quasi-Sovereign Fixed Rate Bond IndexS&P/BMV Quasi-Sovereign Inflation-Linked Bond IndexS&P/BMV CEDEVIS Bond IndexS&P/BMV TFOVIS Bond IndexS&P/BMV Corporate Bond IndexS&P/BMV Corporate Fixed Coupon Bond IndexS&P/BMV Corporate Variable Coupon Bond IndexS&P/BMV Corporate Inflation-Linked Coupon Bond IndexS&P/BMV Corporate Eurobonos Bond IndexS&P/BMV Corporate Eurobonos Spot Bond IndexS&P/BMV Promissory Note Bond IndexThis methodology was created by S&P Dow Jones Indices to achieve the aforementioned objective ofmeasuring the underlying interest of each index governed by this methodology document. Any changes toor deviations from this methodology are made in the sole judgment and discretion of S&P Dow JonesIndices so that the index continues to achieve its objective.CollaborationPursuant to an Index Operation And License Agreement dated May 14, 2015 (the “Agreement”) betweenS&P Dow Jones Indices LLC (“S&P DJI”) and Bolsa Mexicana de Valores, S.A.B. DE C.V. (“BMV”), asamended, S&P DJI and BMV have agreed to jointly publish and co-brand a family of indices (the“Indices”). The Indices will be co-branded with the S&P/BMV naming convention on October 3, 2016 inconjunction with S&P Dow Jones Indices’ assumption of index calculation and maintenance.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology3

Eligibility CriteriaEligible SecuritiesSovereign Bond Indices. The table below describes the eligible securities for the sovereign bondheadline indices.IndexS&P/BMV SovereignCETES 7 Day BondIndexS&P/BMV SovereignMBONOS Bond IndexS&P/BMV SovereignUDIBONOS Bond IndexS&P/BMV SovereignInternational UMS BondIndexS&P/BMV Sovereign 7 Day Bond IndexS&P/BMV MexicoSovereign Bond IndexEligible SecuritiesConstituents must be Mexican government securities with a maturitygreater than or equal to seven days and denominated in Mexican pesos(MXN).Constituents must be Mexican government securities with a maturitygreater than seven days and denominated in MXN.Constituents must be Mexican government securities with a maturitygreater than or equal to seven days and denominated in Inflation IndexInvestment Units (Unidades de Inversion or UDI).Constituents must be Mexican government securities issued outside ofMexico with a maturity greater than one year and denominated in USD.Constituents must be Mexican government securities with a maturitygreater than or equal to seven days and denominated in MXN.Constituents must be Mexican government securities with a maturity ofmore than one month, a par amount outstanding exceeding MXN 250million and denominated in MXN.Quasi-Sovereign Bond Indices. The table below describes the eligible securities for the quasisovereign bond headline index.IndexS&P/BMV QuasiSovereign Bond IndexS&P/BMV QuasiSovereign & BankFloating Rate CompositeEqual Weight 1 YearIndexEligible SecuritiesConstituents must be government agency issued quasi-sovereign bondswith a maturity greater than one month and denominated in MXN.Constituents must be issued by Quasi-Sovereign entities or Certificatesof Deposit of state banks, issued in the local market, with a maturitygreater than 1 year, a minimum par amount outstanding of MXN 1billion and linked to the MX Libor 28 (TIIE 28) yield curve.Corporate Bond Indices. The table below describes the eligible securities for the corporate bondheadline index.IndexS&P/BMV CorporateBond IndexS&P/BMV CorporateEurobonos Bond IndexS&P/BMV CorporateEurobonos Spot BondIndexEligible SecuritiesConstituents must be corporate issued bonds with a maturity greaterthan or equal to 31 days.Constituents must be Mexican corporate bonds issued in the EurobondMarket and in a different currency than MXN, with a minimum paramount outstanding of US 100 million. The Foreign Exchange rate isthe FIX rate set by the Mexico Central Bank every business day.Constituents must be Mexican corporate bonds issued in the EurobondMarket and in a different currency than MXN, with a minimum paramount outstanding of US 100 million. The Foreign Exchange rate isthe one quoted at 13:30 (GMT -6) on Reuters platform, the SPOT rate.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology4

Money Market Indices. The table below describes the eligible securities for the money market headlineindex.IndexS&P/BMV PromissoryNote Bond IndexEligible SecuritiesConstituents must be bank issued promissory notes with a maturitygreater than or equal to 31 days and denominated in MXN.PricingDaily pricing is provided by Valmer.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology5

Sub-Index RulesEligible securities for sub-indices are described in the following tables.CETES IndicesSub-IndexS&P/BMV Government CETESBond IndexS&P/BMV Sovereign CETES 7Day Bond IndexS&P/BMV Sovereign CETES 28Day Bond IndexS&P/BMV Sovereign CETES 91Day Bond IndexS&P/BMV Sovereign CETES182 Day Bond IndexS&P/BMV Sovereign CETES364 Day Bond IndexEligible SecuritiesConstituents must be Mexican government securities with a maturity greaterthan one month and less than one year and denominated in MXN. The bondsincluded in the index must be issued after January 2003 and are subject toincome tax.Constituents must be Mexican government securities with a maturity equal toseven days and denominated in MXN.Constituents must be Mexican government securities with a maturity equal to28 days and denominated in MXN.Constituents must be Mexican government securities with a maturity equal to91 days denominated in MXN.Constituents must be Mexican government securities with a maturity between154 and 183 days and denominated in MXN.Constituents must be Mexican government securities with a maturity between308 and 365 days and denominated in MXN.Government MBONOS IndicesSub-IndexS&P/BMV GovernmentMBONOS 1-5 Year Bond IndexS&P/BMV Sovereign MBONOS1-3 Year Bond IndexS&P/BMV Sovereign MBONOS3-5 Year Bond IndexS&P/BMV GovernmentMBONOS 5-10 Year BondIndexS&P/BMV Sovereign MBONOS5-10 Year Bond IndexS&P/BMV Sovereign MBONOS10-20 Year Bond IndexS&P/BMV Sovereign MBONOS20 Year Bond IndexS&P/BMV Sovereign MBONOS600-1500 Day Bond IndexS&P/BMV Sovereign MBONOS1500 Day Bond IndexEligible SecuritiesConstituents must be Mexican government securities with a maturity betweenone and five years and denominated in MXN. The bonds included in theindex must be issued after January 2003 and are subject to income tax.Constituents must be Mexican government securities with a maturity betweenone and three years and denominated in MXN.Constituents must be Mexican government securities with a maturity betweenthree and five years and denominated in MXN.Constituents must be Mexican government securities with a maturity betweenfive and 10 years and denominated in MXN. The bonds included in the indexmust be issued after January 2003 and are subject to income tax.Constituents must be Mexican government securities with a maturity betweenfive and 10 years and denominated in MXN.Constituents must be Mexican government securities with a maturity between10 and 20 years and denominated in MXN.Constituents must be Mexican government securities with a maturity greaterthan 20 years and denominated in MXN.Constituents must be Mexican government securities with a maturity between600 and 1500 days and denominated in MXN.Constituents must be Mexican government securities with a maturity greaterthan or equal to 1500 days and denominated in MXN.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology6

Inflation-Linked UDIBONOS IndicesSub-IndexS&P/BMV Mexico SovereignInflation-Linked Bond IndexS&P/BMV GovernmentInflation-Linked UDIBONOS 1 Year Bond IndexS&P/BMV SovereignUDIBONOS Inflation-Linked 1-3Year Bond IndexS&P/BMV SovereignUDIBONOS 3- 5 Year BondIndexS&P/BMV SovereignUDIBONOS 5- 10 Year BondIndexS&P/BMV SovereignUDIBONOS 10- 20 Year BondIndexS&P/BMV SovereignUDIBONOS 20 Year BondIndexEligible SecuritiesConstituents must be Mexican government securities with a maturity greaterthan one month, a par amount outstanding exceeding UDI 1 billion anddenominated in Inflation Index Investment Units (Unidades de Inversion orUDI). The bonds included in the index must be issued after January 2003 andare subject to income tax.Constituents must be Mexican government securities with a maturity greaterthan or equal to one year and denominated in Inflation Index InvestmentUnits (Unidades de Inversion or UDI). The bonds included in the index mustbe issued after January 2003 and are subject to income tax.Constituents must be Mexican government securities with a maturity betweenone and three years and denominated in Inflation Index Investment Units(Unidades de Inversion or UDI).Constituents must be Mexican government securities with a maturity betweenthree and five years and denominated in Inflation Index Investment Units(Unidades de Inversion or UDI).Constituents must be Mexican government securities with a maturity betweenfive and 10 years and denominated in Inflation Index Investment Units(Unidades de Inversion or UDI).Constituents must be Mexican government securities with a maturity between10 and 20 years and denominated in Inflation Index Investment Units(Unidades de Inversion or UDI).Constituents must be Mexican government securities with a maturity greaterthan 20 years and denominated in Inflation Index Investment Units (Unidadesde Inversion or UDI).International UMS IndicesSub-IndexS&P/BMV SovereignInternational UMS Bond IndexS&P/BMV GovernmentInternational UMS 1 YearBond IndexS&P/BMV SovereignInternational UMS Bond Index(USD)S&P/BMV SovereignInternational UMS US-IssuedBond Index (USD)S&P/BMV SovereignInternational UMS 1-5 YearBond Index (USD)S&P/BMV SovereignInternational UMS 5-10 YearBond Index (USD)S&P/BMV SovereignInternational UMS 10-20 YearBond Index (USD)S&P/BMV SovereignInternational UMS 20 YearBond Index (USD)Eligible SecuritiesConstituents must be Mexican government securities issued outside ofMexico with a maturity greater than one year.Constituents must be Mexican government securities issued outside ofMexico with a maturity greater than one year. The bonds included in theindex must be issued after January 2003 and are subject to income tax.Constituents must be Mexican government securities issued outside ofMexico with a maturity greater than one year.Constituents must be Mexican government securities issued outside ofMexico with a maturity greater than one year.Constituents must be Mexican government securities issued outside ofMexico with a maturity less than or equal to five years.Constituents must be Mexican government securities issued outside ofMexico with a maturity between five and 10 years.Constituents must be Mexican government securities issued outside ofMexico with a maturity between 10 and 20 years.Constituents must be Mexican government securities issued outside ofMexico with a maturity greater than 20 years.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology7

Sovereign 7 IndicesSub-IndexS&P/BMV Sovereign FixedRate Bond IndexS&P/BMV Sovereign FixedRate 93-184 Day Bond IndexS&P/BMV Sovereign FixedRate 185-365 Day Bond IndexS&P/BMV Sovereign FloatingRate Bond IndexS&P/BMV Sovereign FloatingRate 7 Day Bond IndexS&P/BMV SovereignBONDESD Bond IndexS&P/BMV SovereignBONDESD 0-1 Year BondIndexS&P/BMV SovereignBONDESD 1-3 Year BondIndexS&P/BMV SovereignBONDESD 3 Year Bond IndexS&P/BMV Sovereign BPAG28Bond IndexS&P/BMV Sovereign BPAG91Bond IndexS&P/BMV Sovereign BPA182Bond IndexS&P/BMV Sovereign Real RateBond IndexEligible SecuritiesConstituents must be Mexican government fixed rate coupon bonds with amaturity greater than seven days and denominated in MXN.Constituents must be Mexican government fixed rate coupon bonds with amaturity between 93 and 184 days and denominated in MXN.Constituents must be Mexican government fixed rate coupon bonds with amaturity between 185 and 365 days and denominated in MXN.Constituents must be Mexican government floating rate coupon bonds with amaturity greater than seven days and denominated in MXN.Constituents must be Mexican government floating rate coupon bonds with amaturity between seven days and one year and denominated in MXN.Constituents must be Mexican government floating rate coupon bonds with amaturity greater than seven days, the coupon paid every 28 days anddenominated in MXN. The coupon rate is the Bank Funding rate.Constituents must be Mexican government floating rate coupon bonds with amaturity between seven days and one year, the coupon paid every 28 daysand denominated in MXN. The coupon rate is the Bank Funding rate.Constituents must be Mexican government floating rate coupon bonds with amaturity between one and three years, the coupon paid every 28 days anddenominated in MXN. The coupon rate is the Bank Funding rate.Constituents must be Mexican government floating rate coupon bonds with amaturity greater than three years, the coupon paid every 28 days anddenominated in MXN. The coupon rate is the Bank Funding rate.Constituents must be Mexican government floating rate coupon bonds with amaturity greater than seven days, the coupon paid every 28 days anddenominated in MXN. The coupon rate is the greater of 28 days CETES yieldand Government Funding Rate.Constituents must be Mexican government floating rate coupon bonds with amaturity greater than seven days, the coupon paid every 91 days anddenominated in MXN. The coupon rate is the greater of 91 days CETES yieldand Government Funding Rate.Constituents must be Mexican government floating rate coupon bonds with amaturity greater than seven days, the coupon paid every 182 days anddenominated in MXN. The coupon rate is the greater of 182 days CETESyield and Government Funding Rate.Constituents must be Mexican government real-rate coupon bonds with amaturity greater than seven days and denominated in Inflation IndexInvestment Units (Unidades de Inversion or UDI).Quasi-Sovereign IndicesSub-IndexS&P/BMV Quasi-SovereignFloating Rate Bond IndexS&P/BMV Quasi-SovereignFixed Rate Bond IndexS&P/BMV Quasi-SovereignInflation-Linked Bond IndexS&P/BMV Quasi-Sovereign &Bank Floating Rate Bond IndexS&P/BMV CEDEVIS BondIndexS&P/BMV TFOVIS Bond IndexEligible SecuritiesConstituents of must be quasi-sovereign floating-rate bonds with a maturitygreater than one month and denominated in MXN.Constituents must be quasi-sovereign fixed-rate bonds with a maturitygreater than one month and denominated in MXN.Constituents must be quasi-sovereign real-rate bonds with a maturity greaterthan one month and denominated in Inflation Index Investment Units(Unidades de Inversion or UDI).Constituents must be quasi-sovereign bonds with a maturity between oneand three years, denominated in MXN and issued by BACMEXT, BANOB ,BANOBRA, NAFIN, CFE, CFECB, CFEGCB, CFEHCB, CFEJCB, FNCOT,FNCOTCB and PEMEX.Constituents must be quasi-sovereign bonds issued by CEDEVIS orCDVITOT. CDVITOT bonds must be senior bonds with a maturity greaterthan one month and denominated in Inflation Index Investment Units(Unidades de Inversion or UDI).Constituents must be quasi-sovereign bonds issued by TFOVIS or TFOVICBwith a maturity greater than one month and denominated in Inflation IndexInvestment Units (Unidades de Inversion or UDI).S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology8

Corporate Bond IndicesSub-IndexS&P/BMV Corporate 7-365 DayBond IndexS&P/BMV Corporate 1-5 YearDuration Bond IndexS&P/BMV Corporate 5-10 YearDuration Bond IndexS&P/BMV Corporate 10 YearDuration Bond IndexS&P/BMV Corporate AAARated Bond IndexS&P/BMV Corporate AA RatedBond IndexS&P/BMV Corporate A RatedBond IndexS&P/BMV Corporate FixedCoupon Bond IndexS&P/BMV Corporate FixedCoupon AAA Rated Bond IndexS&P/BMV Corporate FixedCoupon AA Rated Bond IndexS&P/BMV Corporate InflationLinked Coupon Bond IndexS&P/BMV Corporate InflationLinked Coupon AAA RatedBond IndexS&P/BMV Corporate InflationLinked Coupon AA Rated BondIndexS&P/BMV Corporate VariableCoupon Bond IndexS&P/BMV Corporate VariableCoupon AAA Rated Bond IndexS&P/BMV Corporate VariableCoupon AA Rated Bond IndexS&P/BMV Corporate Eurobonos1-3 Year Bond IndexS&P/BMV Corporate Eurobonos3-5 Year Bond IndexEligible SecuritiesConstituents must be corporate issued bonds with a maturity between onemonth and one year and denominated in MXN.Constituents must be corporate issued bonds with duration between one andfive years and denominated in MXN.Constituents must be corporate issued bonds with duration between five and10 years and denominated in MXN.Constituents must be corporate issued bonds with duration greater than 10years and denominated in MXN.Constituents must be corporate issued AAA rated bonds, rated by at leasttwo Rating agencies, with a maturity greater than one month anddenominated in MXN.Constituents must be corporate issued AA-, AA or AA rated bonds, by atleast two rating agencies, with a maturity greater than one month anddenominated in MXN.Constituents must be corporate issued A-, A or A rated bonds, rated by atleast two rating agencies, with a maturity greater than one month anddenominated in MXN.Constituents must be corporate issued bonds with a fixed coupon rate, amaturity greater than one month and denominated in MXN.Constituents must be corporate issued AAA rated bonds, rated by at leasttwo rating agencies, with a fixed coupon rate, a maturity greater than onemonth and denominated in MXN.Constituents must be corporate issued AA-, AA or AA rated bonds, rated byat least two rating agencies, with a fixed coupon rate, a maturity greater thanone month and denominated in MXN.Constituents must be corporate issued bonds with a fixed coupon rate, amaturity greater than one month and denominated in Inflation IndexInvestment Units (Unidades de Inversion or UDI).Constituents must be corporate issued AAA rated bonds, rated by at leasttwo rating agencies, with a fixed coupon rate, a maturity greater than onemonth and denominated in Inflation Index Investment Units (Unidades deInversion or UDI).Constituents must be corporate issued AA-, AA or AA rated bonds, rated byat least two rating agencies, with a fixed coupon rate, a maturity greater thanone month and denominated in Inflation Index Investment Units (Unidades deInversion or UDI).Constituents must be corporate issued bonds with a variable coupon rate, amaturity greater than one month and denominated in MXN.Constituents must be corporate issued AAA rated bonds, rated by at leasttwo rating agencies, with a variable coupon rate, a maturity greater than onemonth and denominated in MXN.Constituents must be corporate issued AA-, AA or AA rated bonds, rated byat least two rating agencies, with a variable coupon rate, a maturity greaterthan one month and denominated in MXN.Constituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity between 1 and 3 years,rated by at least two rating agencies, with a minimum global Long Termrating of BBB . The Foreign Exchange rate is the FIX rate set by the MexicoCentral Bank every business day.Constituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity between 3 and 5 years,rated by at least two rating agencies, with a minimum global Long Termrating of BBB . The Foreign Exchange rate is the FIX rate set by the MexicoCentral Bank every business day.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology9

Corporate Bond Indices (Continued)Sub-IndexS&P/BMV Corporate Eurobonos5-10 Year Bond IndexS&P/BMV Corporate Eurobonos10 Year Bond IndexS&P/BMV Corporate EurobonosSpot 1-3 Year Bond IndexS&P/BMV Corporate EurobonosSpot 3-5 Year Bond IndexS&P/BMV Corporate EurobonosSpot 5-10 Year Bond IndexS&P/BMV Corporate EurobonosSpot 10 Year Bond IndexEligible SecuritiesConstituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity between 5 and 10years, rated by at least two rating agencies, with a minimum global LongTerm rating of BBB . The Foreign Exchange rate is the FIX rate set by theMexico Central Bank every business day.Constituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity larger than 10 years,rated by at least two rating agencies, with a minimum global Long Termrating of BBB . The Foreign Exchange rate is the FIX rate set by the MexicoCentral Bank every business day.Constituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity between 1 and 3 years,rated by at least two rating agencies with a minimum global Long Term ratingof BBB . The Foreign Exchange Currency used is based on Spot settlement(T 2). The Foreign Exchange rate is the one quoted at 13:30 (GMT -6) onReuters platform, the SPOT rate.Constituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity between 3 and 5 years,rated by at least two rating agencies with a minimum global Long Term ratingof BBB . The Foreign Exchange Currency used is based on Spot settlement(T 2). The Foreign Exchange rate is the one quoted at 13:30 (GMT -6) onReuters platform, the SPOT rate.Constituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity between 5 and 10years, rated by at least two rating agencies with a minimum global Long Termrating of BBB . The Foreign Exchange Currency used is based on Spotsettlement (T 2). The Foreign Exchange rate is the one quoted at 13:30(GMT -6) on Reuters platform, the SPOT rate.Constituents must be Mexican corporate bonds issued in the EurobondMarket, in a currency other than MXN, with a maturity larger than 10 years,rated by at least two rating agencies with a minimum global Long Term ratingof BBB . The Foreign Exchange Currency used is based on Spot settlement(T 2). The Foreign Exchange rate is the one quoted at 13:30 (GMT -6) onReuters platform, the SPOT rate.Money Market IndicesSub-IndexS&P/BMV Promissory Note 7091 Day Bond IndexS&P/BMV Promissory Note 0-1Year Bond IndexEligible SecuritiesConstituents must be bank issued promissory notes with a maturity between70 and 91 days and denominated in MXN.Constituents must be bank issued promissory notes with a maturity betweenone and 12 months and denominated in MXN.Money Market Rate Indices1Sub-IndexS&P/BMV Bank Funding OverNight Rate IndexS&P/BMV Mexico SovereignFunding Rate IndexS&P/BMV FDTR Rate IndexS&P/BMV Promissory Note 28Day Rate IndexS&P/BMV Promissory Note 91Day Rate IndexS&P/BMV 28 day InterbankInterest Rate Balance Index1DescriptionThe index measures the Mexican banking funding rate and is denominated inMXN.The index measures the Mexican sovereign funding rate and is denominatedin MXN.The index measures the Federal Funds Target Rate upper bound in the U.S.and is denominated in MXN.The index measures the rate of Mexican banking notes with a maturity of 28days and is denominated in MXN.The index measures the rate of Mexican banking notes with a maturity of 91days and is denominated in MXN.The index measures the 28 day TIIE rate and is denominated in MXN.The index is a rate index and does not contain any index constituents. See Appendix C for calculation details.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology10

Index ConstructionIndex CalculationsThe indices are market-value-weighted.S&P/BMV Quasi-Sovereign Floating Rate Equal Weight Bond Index. The index is equally weighted ateach semi-annual rebalancing.The total return is calculated by aggregating the interest return, reflecting the return due to paid andaccrued interest, and price return, reflecting the gains or losses due to changes in the end-of-day priceand principal repayments.Maturity bucket indices with maturity ranges expressed in years are calculated using a 360-dayconvention.Accrued InterestFor the S&P/BMV Indices, accrued interest calculations are reflected on the following business day aftera weekend, even if the end of month occurs during a weekend. For rates unavailable at end of month,accrued interest should be calculated using the last available rate. Adjustments to accrued interest shouldbe made during the first business day of the following month.Ratings ConventionsFor the S&P/BMV Fixed Income Indices, where eligibility rules are based on ratings, securities mustfollow the below conventions:S&PmxAAAmxAA mxAAmxAAmxA mxAmxA-Fitch RatingsAAA (mex)AA (mex)AA (mex)AA- (mex)A (mex)A (mex)A- xHR RatingsHR AAAHR AA HR AAHR AAHR A HR AHR A-ConventionAAAAA AAAAA AA-In case, the security has two or more ratings, the lowest rating must be used for eligibility purposes.For further details regarding Index Calculations please refer to Appendices A-D.S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology11

Index MaintenanceRebalancingExcept otherwise stated, the S&P/BMV Fixed Income Indices follow the rebalancing schedule detailed inthe table below:Rebalancing FrequencyRebalancing DateAnnouncement DateReference DateRebalancing ScheduleMonthlyLast business date of the rebalancing periodT minus 3T minus 4S&P/BMV Quasi-Sovereign & Bank Floating Rate Composite Equal Weight 1 Year Index . Theindex follows the rebalancing schedule detailed in the table below:Rebalancing FrequencyRebalancing DateAnnouncement DateReference DateRebalancing ScheduleSemi-AnnualLast business date of the rebalancing period (Juneand December)T minus 3T minus 4S&P/BMV Government CETES Bond Index Family. The index family follows the rebalancing scheduledetailed in the table below:Rebalancing FrequencyRebalancing DateAnnouncement DateReference DateRebalancing ScheduleWeeklyEvery Thursday (T)T minus 1T minus 2The Index Committee, nevertheless, reserves the right to make adjustments to the index at any time thatit believes appropriate.For indices with a monthly rebalancing schedule, additions, deletions and other changes to the Indexarising from the monthly rebalancing are published, after the close of business, three business days priorto the last business day of the month (“the Announcement Date”). Publicly available information, up toand including the Close on the fourth Business Day preceding the Rebalancing Date, is considered in therebalancing.Index changes published in the announcement are normally subject to revision and become effectiveafter the Close on the last business day of the month (“the Rebalancing Date”).S&P Dow Jones Indices: S&P/BMV Fixed Income Indices Methodology12

Base Dates and History AvailabilityIndex history availability, base dates and base values for the indices are shown below.IndexS&P/BMV Government CETES Bond Index2S&P/BMV Government MBONOS 1-5 Year Bond Index3S&P/BMV Government MBONOS 5-10 Year Bond Index4S&P/BMV Mexico Sovereign Inflation-Linked Bond IndexS&P/BMV Government Inflation-Linked UDIBONOS 1 Year Bond Index5S&P/BMV Government International UMS 1 Year Bond Index6S&P/BMV Mexico Sovereign Bond IndexS&P/BMV Sovereign MBONOS Bond IndexS&P/BMV Sovereign MBONOS 1-3 Year Bond IndexS&P/BMV Sovereign MBONOS 3-5 Year Bond IndexS&P/BMV Sovereign MBONOS 20 Year Bond IndexS&P/BMV Sovereign MBONOS 10-2

The S&P/BMV Fixed Income Indices are designed to objectively measure the performance, in Mexican pesos (MXN) unless otherwise stated, of the Mexican fixed income market and are composed of a universe of fixed income securities issued in the domestic Mexican market and internationally.

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Breaking Out the US Fixed Income Markets SIFMA Insights Page 5 Breaking Out the US Fixed Income Markets Not One-Size Fits-All In general, fixed income securities are borrowed capital for the issuer, transferring funds from those that have it to those that need it.

Pile properties: The pile is modeled with structural beam elements and can be assigned either linear-elastic or elastic-perfectly plastic material properties. Up to ten different pile sections can be included in a single analysis. Soil p-y curves: The soil is modeled as a collection of independent (Winkler) springs. The load-