|
Terms |
Short-term deposit | Long-term deposit | ||
| Tenor | 6 months |
12 months |
||
|
Currency |
MNT | USD | MNT | USD |
|
Annual interest rate |
15.00% | 5.0% | 16.00% |
6.0% |
| Interest rate upon early termination of contract /annual/ | 2.4%-4.8% | 1.20% | 2.4%-4.8% |
1.20% |
|
Minimum deposit |
200,000,000 MNT or equivalent USD |
500,000,000 MNT or equivalent USD |
||
|
Interest payments |
Quarterly | |||
|
Withdrawal condition |
Quarterly |
|||
| Deposit condition |
Possible |
|||
|
Conversion between currencies |
Any time during the contract, at principal amount only. |
|||
Foreign currency convertible deposits
| Currency | USD |
| Tenor | 12 months |
| Annual interest rate | 4.00% |
| Interest rate upon early termination of contract /annual/ | 1.20% |
| Minimum deposit | 100,000,000 MNT or equivalent USD |
| Interest payments | At the end of the period |
| Deposit condition | Impossible |
| Withdrawal condition | At the end of the period |
| Convertible currency | MNT* |