- High interest rates in the short term;
-
Conversion and storage without exchange rate risk;
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You can get a low-interest loan by your savings.
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 |
|
Categories
Eligibility or required documents
- Customer application form; /download here/
- Official letter /Request to open an account/
- A copy the registration certificate issued by the State Registration authorities;
- Company charter;
- Authorized signature, stamp /must be authorized by notary/; /download here/
- Authorized person’s documents such as identification card;