<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462023000200005</article-id>
<article-id pub-id-type="doi">10.21919/remef.v18i2.736</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Precios de transferencia de fondos en bancos de México entre febrero de 2012 y mayo de 2021]]></article-title>
<article-title xml:lang="en"><![CDATA[Fund Transfer Pricing in banks of Mexico from February 2012 to May 2021]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Valencia-Serpel]]></surname>
<given-names><![CDATA[Karina]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cruz-Aranda]]></surname>
<given-names><![CDATA[Fernando]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ortiz-Arango]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Panamericana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2023</year>
</pub-date>
<volume>18</volume>
<numero>2</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462023000200005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462023000200005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462023000200005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Objetivo: El trabajo sometido estima los Precios de Transferencia de Fondos (FTP) de siete bancos en México. Metodología: Se utiliza un bono que reproduce los flujos de efectivo del banco que permite estimar la estructura de plazos. El bono se valúa mediante el modelo de Nelson-Siegel. Se estiman las tasas de sus carteras de créditos y depósitos para calcular los FTP. Asimismo, se calcula el spread de la TIIE-28 y la tasa CETE-28 de cada banco para establecer la dinámica que han seguido, entre febrero de 2012 y mayo de 2021. Resultados: Los resultados obtenidos muestran una discrepancia inferior a 0.0006. Recomendaciones: La metodología FTP mejora al usar la mayor cantidad de datos disponibles. Limitaciones e implicaciones: Para obtener resultados más precisos se requiere de información de todas las líneas de negocio del banco, lo cual dificulta y retrasa la aplicación del modelo. Originalidad: Se demuestra que existe una relación positiva entre la aplicación de la metodología FTP y la rentabilidad. Conclusiones: El utilizar la metodología FTP puede crear valor al optimizar los márgenes de interés neto del banco.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[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.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Precios de Transferencia de Fondos]]></kwd>
<kwd lng="es"><![CDATA[bonos]]></kwd>
<kwd lng="es"><![CDATA[bancos]]></kwd>
<kwd lng="en"><![CDATA[Fund Transfer Pricing]]></kwd>
<kwd lng="en"><![CDATA[bonds]]></kwd>
<kwd lng="en"><![CDATA[banks]]></kwd>
</kwd-group>
</article-meta>
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