PROCEDURE FOR LEDGER TO LEDGER TRANSFER FROM FIDES
1. An INSTITUTION (hereinafter “INSTITUTION”) may open an account with FIDES GESTIÓN FINANCIERA S.A.P.I. DE C.V. (hereinafter “FIDES”).
2. DEPOSITOR may open an account with FIDES and may open an account with INSTITUTION.
3. DEPOSITOR may transfer funds held in his account with FIDES to the account INSTITUTION has with FIDES.
4. In response to the transfer made by DEPOSITOR, FIDES will send an email advisory notification to DEPOSITOR and an email advisory notification to INSTITUTION.
5. DEPOSITOR and INSTITUTION may each view their respective advisory message sent by FIDES, which will describe and confirm the transfer by DEPOSITOR to INSTITUTION.
6. INSTITUTION may register the transfer in its books by crediting its treasury account.
7. INSTITUTION may debit its treasury account and credit DEPOSITOR’S account with INSTITUTION.
8. Alternatively, INSTITUTION may register the transfer in its books by crediting DEPOSITOR’S account with INSTITUTION.
9. INSTITUTION shall inform appropriate authorities of the receipt and registration of funds by the crediting of DEPOSITOR’S account with INSTITUTION, by any means that the authorities may deem to be appropriate, such as INSTITUTION sending a SWIFT message to the authority, or sending a message using an INSTITUTIONAL internal messaging service, and/or via hard copy messaging to the authority.
10. INSTITUTION shall follow accounting procedures as per rules and regulations of the authorities in its jurisdiction.
11. All messaging may be as per agreed upon SWIFT MESSAGING formats, sent through normal email with follow up hard copy sent via U.S. FEDERAL POSTAL SERVICE by the Attorney that witnesses the issue of HOWSE IBOE..