We are very pleased to announce that on October 21, 2014, TDB has obtained the special license from the Financial Regulatory Commission to conduct the custodian banking services on the securities market. As the custodian bank, one of our main priorities is to provide the specialized comprehensive custodian banking services and products delivered with excellence in quality, efficiency, transparency and responsiveness through our capabilities in servicing such as safekeeping a foreign, domestic firm’s or individuals securities and other financial assets, collecting of information on a dividends and other earnings on the securities and processing of the said payments, exercising the rights of the securities by the proxy voting in the company’s general shareholder’s meeting and defending the rights of the small shareholders to the relevant securities.
TDB custodian banking services will enable you to safely and confidentially maintain your securities with our bank with the timely access to the information on the securities market and help you to reduce the costs of investing, lower risk and improve efficiency through our scale, expertise and technology investment.
 |
|
 |
|
|
|
Functions of MSCHCD
|
hold in safekeeping domestic and foreign assets/securities such as stocks, bonds, commodities such as precious metals and currency (cash),
Who uses custody service
Institutional investors, Investment Managers, Brokers and dealers are among those who rely on custodians for efficient handling of their securities portfolios
|
|
Mandatory Events |
Voluntary Events |
|
|
Settlement, safekeeping, administration, unit share and NAV calculation and reporting. TDB offers a range of administrative services such as timely and accurate record keeping, various reports for the Investment management company as well as for government organisations and regulatory authorities.
|
|
Individual: |
Legal entity: |
|
|
|
Basic documents
Required documents to request for credit line for the trade limit
|
|
The brokerage firm will introduce the tri-party agreement to the client and make that agreement between bank, brokerage firm, and customer. Meanwhile, the firm will make 3 copies of the tri-party agreement and get signature and stamp on each of them and collect following documents and bring them to any branch of the bank for opening the account. Domestic customer who is able to visit the bank office
|
TRADE AND DEVELOPMENT BANK LAUNCHES FIRST SECURITIES CLEARING BANK
The State Property Committee (SPC) of Mongolia has been working on creating favorable legal environment of stock market, improving infrastructure and delivering the clearing system to the world standard at the managerial and organizational level pursuant to the long-term strategic partnership agreement, signed on January 18, 2011, with London Stock Exchange.
Within the framework of aforementioned work, transferring of securities payment to “T+3” procedure in accordance with introducing “Millennium IT” system of stock exchange is currently taking place, thus allowing for a provision of convenient and flexible payment medium for the investors.
Furthermore, the undertaking of having securities payment clearing service executed through commercial banks is well under progress and it has been first launched on April 12, 2012 with Trade and development bank of Mongolia, the market leading bank.
Trade and Development Bank and its “TDB Capital” LLC, 100% wholly owned subsidiary and complex investment banking service provider, had been chosen as the First Clearing Bank to execute securities clearing; and triple-agreement of cooperation was signed between Mongolian Securities Clearing House and Central Depository and “TDB Capital” LLC.
Aforementioned agreement will assist payments to be prompt, risk-free, and secure due to having securities payments made through a Bank; and the agreement has an important significance on establishing foundation of involving other commercial banks to the stock market.
TDB is offering Trust services in order to protect clients’ assets in forms of cash, stock as well as credits to be deteriorated in terms of value and this service is a part of the integral and diverse investment businesses of the clients.
