Queen Elizabeth Banco Hipotecario De Credito Territorial Mexicano, S.A. - 1908-10 dated Mexican Bond with Pass-co Authentication
Inv# FB6090 Bond
100 Pesos/257 Francs Bond with or without coupons. Pass-co Authentication included. "Queen Elizabeth" Banco Hipotecario De Credito Territorial Mexicano, S.A.
The Mexican Territorial Credit Mortgage Bank (Fobaproa), a Mexican financial institution, was created to promote housing development through mortgage loans, similar to the Trust for the Protection of the Population Affected by the Banking Crisis, which was established to address the 1995 financial crisis. Through Fobaproa, money was allocated to help troubled banks, and a portion of those resources was then used to facilitate mortgage loans with better terms, as well as to support housing construction. Fobaproa was a temporary measure to address the crisis, and after its termination in 2004, its assets and liabilities were absorbed by the federal government.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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