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Appendix - 1
LIST OF ELIGIBLE COLLATERAL FOR CENTRAL BANK FINANCING | |||
MONETARY AND FINANCIAL MARKET OPERATIONS | ELIGIBLE COLLATERAL | ||
1. OPEN MARKET OPERATIONS | |||
1.1 Repo auction | Central bank bills | ||
Government bonds | |||
Erdenes bond issued by Erdenes Mongol LLC and guaranteed by Development Bank of Mongolia | |||
Mortgage-backed securities issued by the Mongolian Mortgage Corporation LLC | |||
Senior tranche of asset-backed securities backed by performing loans and issued by the Securities Finance Corporation LLC | |||
2. STANDING FACILITIES | |||
2.1 Overnight repo financing | Central bank bills | ||
Government bonds | |||
Erdenes bond issued by Erdenes Mongol LLC and guaranteed by Development Bank of Mongolia | |||
Mortgage-backed securities issued by the Mongolian Mortgage Corporation LLC | |||
2.2 Intraday repo | Central bank bills | ||
Government bonds | |||
3. LENDER OF LAST RESORT | |||
3.1 Collateralized loan | Central bank bills | ||
Government bonds | |||
Bonds issued by Development Bank of Mongolia | |||
Erdenes bond issued by Erdenes Mongol LLC and guaranteed by Development Bank of Mongolia | |||
Mortgage-backed securities issued by the Mongolian Mortgage Corporation LLC | |||
Performing loans issued by banks | |||
All eligible securities must be electronically recorded and registered by the Mongolian Central Securities Depository. |
Appendix - 2
HAIRCUTS FOR ELIGIBLE COLLATERAL | ||||||||
1. HAIRCUTS FOR SECURITIES WITH FIXED COUPONS | ||||||||
ELIGIBLE COLLATERAL | HAIRCUTS, by percentage (by remaining maturity) | |||||||
0-1 year | 1-3 years | 3-5 years | 5-7 years | 7-10 years | 10+ years | |||
Government bonds | 0.50 | 1.0 | 1.5 | 2.0 | 3.0 | 5.0 | ||
Development Bank of Mongolia bonds | 1.0 | 1.5 | 2.5 | 3.5 | 4.5 | 8.0 | ||
Senior tranche of Mortgage-backed securities issued by the Mongolian Mortgage Corporation SPC LLC | 20 | |||||||
Junior tranche of Mortgage-backed securities issued by the Mongolian Mortgage Corporation SPC LLC | 40 | |||||||
Senior tranche of Asset-backed securities backed by performing loans issued by the Securities Finance Corporation LLC | 20 | |||||||
2. HAIRCUTS FOR ZERO COUPON SECURITIES | ||||||||
ELIGIBLE COLLATERAL | HAIRCUTS, by percentage (by remaining maturity) | |||||||
0-1 year | 1-3 years | 3-5 years | 5-7 years | 7-10 years | 10+ years | |||
Central bank bills | 0.50 | 2.0 | 2.5 | 3.0 | 4.0 | 7.0 | ||
Government bonds | 0.50 | 2.0 | 2.5 | 3.0 | 4.0 | 7.0 | ||
Development Bank of Mongolia bonds | 1.0 | 2.5 | 3.5 | 4.5 | 6.5 | 10.5 | ||
Erdenes bond issued by Erdenes Mongol LLC | 40 | |||||||
3. HAIRCUTS FOR PERFORMING LOANS ISSUED BY BANKS | ||||||||
LOAN MATURITY | HAIRCUTS, by percentage | |||||||
Up to 3 years | 30 | |||||||
More than 3 years | 50 | |||||||
CENTRAL BANK FINANCING FORMULA | ||||||||
Amount for central bank financing will be determined by the following formula, up to 2 decimals:![]() |
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F – Financing amount | ||||||||
C – Fair or market value of collateral | ||||||||
H – Haircut rate |