Just in the nick of time, Mexico closed the 2000 market with a $250 million electronic wire transfer deal marking the first its kind, and sources say Peru may open the new year with a similar deal by next week.

Banco Nacional de Mexico, S.A. (Banamex), the second largest bank in Mexico, sold its rights, title and interest of its existing non-treasury wire transfers from U.S. banks to a bankruptcy-remote, The U.S.$ Diversified Payment Rights Master Trust, in New York, which has issued debt certificates secured by the future flows.

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