Contracts through which an individual or entity transmits the ownership of certain goods and rights to a fiduciary institution, expressly authorized to serve as such. Trusts make use of the goods and rights in question with the exclusive aim of fulfilling the purposes indicated in the contracts and to the benefit of the individuals who transmitted the goods or previously designated third parties.

The purposes for which a trust may be established are as extensive as the imagination of the individuals who set up such a trust, and the only limitation stipulated by the law is that the fund is legal in nature, or in other words, that it is not contrary to the law or good customs.

Bancomext may administer trusts in all of their modalities in association with the Institution’s activities, including investment, administration, guarantees, transfers of dominion or a combination of these activities. Currently, Bancomext’s fiduciary department administers different types of trusts with varying characteristics, including:

• Trusts designed to guarantee loans granted by the Institution.
• Trusts established for developing the country’s electricity infrastructure, including hydroelectrical plants, transmission lines and electricity-generating stations.
• Trusts for developing industrial plants with sophisticated financial schemes.
• The Institution has participated, through fiduciary schemes, in processes involving the divestiture of Mexico’s airport system.

Designed for

Firms, institutions and individuals directly or indirectly associated with foreign trade, export or import substitution activities, and foreign currency generating sectors including the tourism, transportation and logistics, automotive and maquiladora sectors.

Benefits

• Services based on interest in developing long-term, close relationships between clients and Bancomext, as a fiduciary institution.
• Direct, ongoing contact between the parties, to facilitate reaching the proposed objectives.

Requirements

• Determine the goals and objectives prior to the assessment of the viability of the business to be established.
• After the goals to be fulfilled and the assets to be affected have been specified, a preliminary draft will be elaborated and presented to the client for consideration. When the contents are determined to meet the client’s satisfaction, it must accept the terms of the document.
• The last step is to formalize a contract that clearly establishes the terms and conditions in which the fiduciary institution will fulfill the obligations agreed upon.