- High interest return in a shorter period of time;
- Currency exchange rate risk can be hedged as the deposit is converted;
- Take low-interest deposit collateralized loan;
Categories
Category: “Hedged” Deposit
TransBank offers a Hedged Deposit service where your organization can safeguard against exchange rate risks. Buy USD at the exchange rate of the day, open a deposit in MNT directly, secure your USD without exchange rate risks, and enjoy high returns.
Categories
Terms and conditions
|
Hedged |
Conditions | |
| Account currency |
MNT |
|
|
Term of deposit |
6 months | 12 months |
| Annual Interest | 6.00% |
7.00% |
|
Interest payment on early termination |
2.0% /annual interest/ | |
| Minimum balance |
USD equivalent to 200,000,000 MNT |
|
|
Interest payment conditions |
At the end of the period |
|
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration