Shareholders' Assembly

This is the highest body of the company, and its legally-adopted resolutions are binding on all its shareholders.

Board of Directors

The body in charge of the administration of MexDer, made up of regular members and their respective alternates.

Committees

The Board of Directors is supported by various committees for addressing and resolving matters of specific nature described in the prudential rules and provisions issued by the financial authorities, as well as in MexDer´s bylaws chart and internal regulations. These Committees are:

• Executive Committee.

• Admission and New Products Committee.

• Compliance and Ethics Committee.

• Auditing Committee.

• Discipline and Arbitration Committee.

• Certification Committee.

• Clearinghouse Committee.

• Promotion Committee.

Market Participants

Participants in MexDer may be brokers or clearing members.

Brokers

Brokers are corporations authorized to trade Contracts in MexDer´s Electronic Trading Systems, acting as brokers for one or more Clearing Members.

Clearing Members

Clearing Members are trusts that participate as shareholders of MexDer and contribute to Asigna´s capital; their purpose is to settle and, when applicable, trade Futures and Options contracts in MexDer on behalf of clients. For this purpose, they must be able to meet the financial, credit and operating requirements established in the regulations applicable to the derivatives market. Clearing Members have their own capital, they specialize in the evaluation of counterpart risk, manage guarantees and, in order to avoid conflicts of interest, they keep proprietary accounts completely separate from third-party accounts.

Market Makers

Financial Institutions that have been approved by MexDer to act as such, and which must, on an on going basis and for their own accounts, maintain bid and ask quotes for Futures and Options contracts, regarding the Class for which they are registered, in order to promote their trading.

Certification of Personnel

To guarantee that the personnel of its members have the necessary technical knowledge in the field of derivative products, as well as training in the Professional Code of Ethics of the Mexican Securities Community, MexDer has delegated the responsibility of applying certification exams to the Mexican Securities Industry Association (AMIB). These exams are held in accordance with the guidelines established in MexDer´s Internal Regulations and Manual of Policies and Procedures.