Exchange-rate Options

Options are Derivative Contracts that give the client the right, but not the obligation, to buy or sell an asset at a determined price (the strike price) at a determined date (the strike date).

In exchange for this right, the client pays a premium.

The minimum size of an option trade is USD10,000, and the underlying is the USD/MXN.


  • The client can establish a maximum hedge price based on their specific needs
  • Enables clients to benefit from an improvement in the market but limits the risk of depreciation (for importers) or appreciation (for exporters)
  • No initial margin is required, and there are no margin calls

Exchange-Rate Option types:

  • CALL. Gives the client the right to buy dollars
  • PUT. Gives the client the right to sell dollars

Documents required for corporations

  • Deed of incorporation (inscribed in the appropriate registry)
  • Power(s) of attorney registered with the Public Registry of Commerce, when applicable
  • Current official ID of representative(s)
  • Electronic signature, when applicable
  • Real beneficiary statement letter, when applicable
  • Statement of tax compliance (no more than 1 month old), including:
    • TAX ID (RFC)
    • Population registry code (CURP)
    • Tax address
    • Economic activity
    • Tax regime