Precios de transferencia de fondos en bancos de México entre febrero de 2012 y mayo de 2021

Valencia Serpel, Karina; Cruz Aranda, Fernando; Ortiz Arango, Francisco

doi:10.21919/remef.v18i2.736

Precios de transferencia de fondos en bancos de México entre febrero de 2012 y mayo de 2021

Journal

Revista Mexicana de Economía y Finanzas

Abril - Junio 2023

ISSN

1665-5346

2448-6795

Date Issued

2023

Author(s)

Valencia Serpel, Karina

Cruz Aranda, Fernando

Facultad de Ciencias Económicas y Empresariales - CampCM

Ortiz Arango, Francisco

Facultad de Ciencias Económicas y Empresariales - CampCM

Type

text::journal::journal article

DOI

10.21919/remef.v18i2.736

URL

https://scripta.up.edu.mx/handle/20.500.12552/3694

Abstract

Objective: The submitted work estimates the Funds Transfer Prices (FTP) of seven banks in Mexico. Methodology: A bond is used that reproduces the bank's cash flows, which allows estimating the term structure. The bond is valued utilizing the Nelson-Siegel model. Then, the rates of your loan portfolio and deposits are estimated to calculate the FTP. Likewise, we calculate each bank's spread of the TIIE-28 and the CETE-28 rate to establish their patterns between February 2012 and May 2021. Results: The results obtained show a discrepancy of less than 0.0006. Recommendations: The FTP methodology improves by using the most available data. Limitations and implications: To get better results, more information is required from all the bank's lines of business, making it difficult and delaying the application of the model. Originality: It shows a positive relationship between the application of the FTP methodology and profitability. Conclusions: Using the FTP methodology is possible to create value by optimizing the bank's net interest margins. JEL Classification: C13, G12, G21. © 2023 Russell Sage Foundation. Lewis-McCoy, R. L’Heureux, Natasha Warikoo, Stephen A. Matthews, and Nadirah Farah Foley. 2023.