TDB has a leading position in the Mongolian financial market in terms of its foreign currency exchange trade turnover, types of services and new technology products.
We are offering trades of freely convertible currencies such as USD, EUR, GBP, CHF, JPY, RUB, CNY, KRW, AUD, CAD, NZD, HKD, SGD, SEK, TRY against MNT and other main currencies.
We are able to fulfil customers’ demand for foreign currency at any time, and offer flexible rates. And we have the most profitable rate in the domestic financial market.
As a customer of TDB you will be able to enter into option, forward, spot and swap agreements with the bank, in addition to the currency exchange.
The TDB implemented exchange rate system was the first in Mongolian market to offer cheaper rates for its customers, depending on their exchange amount and inform about international market.
The price bands for exchange rates are the following:
The exchange rate will be decided on the basis of above price bands. Moreover the bank offers discounted rates for bigger and frequent customers.
Currency trades can be in cash and non-cash equivalents, depending upon how you receive your currency.
TDB maintains a close relationship with Mongolian mining companies, and on their behalf is actively involved in loan transactions, gold trading and international settlements. TDB began buying gold in the year 2000 and now hold a significant presence in the market as well as considerable experience in gold trading.
TDB can therefore advise and support clients wishing to purchase or trade gold in Mongolia.
We offer the following services:
Gold payment and transaction services, which are also available to non-TDB account holders. Opportunity to make settlements with the tax department on behalf of the client.
Trade and Development Bank is a leader in trading of Mongolbank (Bank of Mongolia)’s bills and Government bonds. Mongol bank issues bills to regulate demand and supply of money in the economy, on the other hand, commercial banks purchase these bills at discounted price.
Also TDB is trading global high yield Corporate and Government bonds to earn profit and improve its liquidity.
Foreign and domestic clients can be invest to local currency denominated Mongolian government through TDB.
Requirments for trading Government bonds.
In order to respond our clients’ needs as well as save their valuable time, TDB is implementing online trading systems in operation. If you would like to be registered for online trading, please visit to the link www.ebank.mn.
TDB provides MNT clearing service for correspondent banks to support remittance and currency exchanges for their client. Currently Unicredit bank, Citibank, Mizuho bank, most reputable international banks, opened loro accounts in MNT, USD, CNY at TDB currencies which allows to execute remittance and FX transactions and SWAP arrangements in a fastest, safe and efficient way.