Servicio de Administración y Enajenación de Bienes (“SAE”) (Asset Management and Disposition Agency)
SAE is a public and decentralized agency of Mexico’s Federal Public Administration, with juridical personality and autonomous capital structure. It was created on June 17th of 2003, as the result of the Law “Ley Federal para la Administración y Enajenación de Bienes del Sector Público”, approved by the Congress at the end of 2002. This law addressed the opportunity to align in a single institution the efforts and functions that, until then, were performed by several different entities of the Federal Government.
To allocate the unproductive goods and companies of the State, doing it in a committed, efficient, transparent and socially responsible way, looking to partake in the reinforcement of the state of right, the public finances and the Mexican financial system.
To be a public world-wide level reference organism part of the Mexican financial system, and the State’s best alternative to allocate its unproductive goods and companies, achieving recognition for its transparency, efficiency and continuity of its processes.
Accordingly, its programs and activities have been designed in a context of innovation under the principle of continuous improvement.
Due to the variety of assets received by SAE, it is formed by multidisciplinary professionals, with a structure capable of undertaking the challenge that implies receiving, managing and allocating millions of goods and Real Estate each year, recovering aged overdue portfolio granted originally by federal financial institutions.
Technically autonomous and with an effective corporate management, oriented to the immediate decision making, combined with its professional human capital, efficient information management systems and dynamic and flexible transaction schemes, SAE performs, among other, the following activities:
-Sells goods and Real Estate obtained from federal criminal procedures with final sentence in favour of the government, as in administrative procedures related with foreign trade (customs) and taxes. Sales via internet (www.saecomercial.com.mx), in-site or public auctions (www.sae.gob.mx/SAE/Comercial).
-Sells loan portfolios through public auctions.
-Sells transferred businesses through auctions, related with federal criminal procedures.
-Case-by-case recovery of aged overdue portfolio granted originally by development banks and transferred to the SAE, through massive group gatherings with borrowers.
-Destroys assets property of the Federal Government, transferred to the SAE, when qualified as non marketable merchandise (used clothes, illegally produced or contaminated goods, etc.).
-Manages several seized assets by the Attorneys General Office (PGR) related with federal criminal procedures, during the trial.
-Liquidates entrusted public and private companies.
-Donates goods to federal public entities, state and municipal government and authorized institutions, in order to assist in natural disasters or social development programs.