Customers who plan to participate in the Mongolian stock market need to open an account at the “Central Depository and Clearing House”. Altan San Securities will do this for you on your behalf.
We will need the following documents from you:
1. The attached account opening application form . Please email this to us at
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2. For Individuals:
Copy of your passport (the page that has the picture).
For Legal Entities:
Official company letter requesting us to open an account in our brokerage (Including signature of an official contact person)
Once we receive your application form with the attached documents, we will open your account at the “Central Depository and Clearing House”. Your account number will be sent to you shortly thereafter.
Our standard commissions are 3%.
40% of commissions we receive from clients go directly to the Mongolian stock exchange and other entities.
Adding funds to your account
There are 2 ways that funds can be added to your account.
Cash
Visit “Altan San’s office and bring us your cash. We will deposit this on your behalf into your account at the “Clearing House and Central Depository”
Do it yourself; visit the “Clearing House and Central Depository” and pay cash at their cashier for deposit into your account
Via wire transfer
Wire funds directly into your account by giving your bank the following wiring instructions:
Intermediary Bank
:HSBC Bank USA, N.A.
Swift BIC
:MRMDUS33
ABA
:021001088
Beneficiary Bank
:Golomt Bank, Mongolia
Swift BIC
:GLMTMNUB
Beneficiary
:Account Number 1102017223
Name
:Mongolian Securities Clearing House and Central Depository Co., Ltd.
Address
:Ulaanbaatar, Mongolia
For further credit
:John E. Smith (your account number, ask us for details)
Checking your account
For check your account:
Clients can contact the “Central Depository and Clearing House” directly at 00976-70120460, 00976-70114672 and get account information.
Clients can also get account confirmation via our company. Confirmation of trades etc. can be sent by email or fax on customer’s request.
Withdrawing money from your account
Please fill out the attached form and we will withdraw funds for you on your behalf. We will also need your instructions as to where to send the funds.