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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 | ||||||||