Regulatory Alerts2021-07-02
Added · Updated
Long-term Swap Agreement Regulations
The Bank of Mongolia issued these regulations to establish a framework for long-term swap agreements with commercial banks, the government, and international financial institutions. The rules mandate that banks raise low-interest foreign funds to support the real economy while requiring specific collateral, registration, and reporting procedures. The document details the calculation of interest rates and Z-spreads, outlines the rights and responsibilities of both parties, and defines penalties for non-compliance or failure to meet payment obligations.
More like this from BOM
We email you every new BOM publication the day it's published.
Topics
fx
Share