1800-1881 mn

ISSUING BANK GUARANTEE

Condition of domestic guarantee Commission
MNT USD
Funded guarantee commission MNT 30,000 USD 30
Non-funded guarantee commission
Quality assurance commission /funded/ MNT 30,000
Amendments to the conditions MNT 15,000 USD 15
Termination MNT 20,000 USD 20
Risk commission for non-funded guarantee 10% per annum from guarantee amount, interest is charged monthly
Risk commission for interest bearing fund guarantee* that was separated from term savings to fund account.   6% per annum from the fund separated account amount and interest is charged monthly. 3% per annum from the fund separated account amount and interest is charged monthly.

 

*- This guarantee will be issued only to corporate or personal that has savings over MNT 100 million or equivalent amount of currency with more than one month term.  

Condition of domestic guarantee Commission
MNTs (MNT) dollar (USD)
Resourced guarantee commission 30,000.00 30
Non-resource guarantee commission For issuing guarantee
30,000.00 30
 10%  per year from the amount (payable monthly)
Amendments to the conditions 15,000.00 15
Termination 20,000.00 20
Covered Guarantee from which interest rate-bearing, allocated as term deposit in covered account. Interest rate for the coverage is to be calculated via the interest rate of the deposit. 6% yearly commission is charged monthly from the amounts separated in the covered account.
Condition of domestic guarantee Commission
MNTs (MNT) dollar (USD)
Resourced guarantee commission 30,000.00 30
Non-resource guarantee commission For issuing guarantee
30,000.00 30
 10%  per year from the amount (payable monthly)
Amendments to the conditions 15,000.00 15
Termination 20,000.00 20
Covered Guarantee from which interest rate-bearing, allocated as term deposit in covered account. Interest rate for the coverage is to be calculated via the interest rate of the deposit. 6% yearly commission is charged monthly from the amounts separated in the covered account.
For further information, please contact us at:
Customer information center: 1800-1881
Email address: contact@statebank.mn
Fax: 330595


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