In order to trade securities in Mongolia, you need to open a securities account at the Mongolian Central Securities Depository (MCSD) through an authorized brokerage firm like Standard Investment. The brokerage firm will apply for an account at the Central Depository on your behalf. You may have several accounts with different brokers. MCSD is a state owned company responsible for depositing investors’ securities, transferring of ownership rights and settlement of securities transactions.

Also, with introduction of a new T+2 settlement system at the Mongolian Stock Exchange (MSE), cash settlement of securities trading is now done by authorized clearing banks. Therefore, on top of having a securities account, investors are now required to open a settlement account at a clearing bank. Standard Investment collaborates with Trade and Development Bank of Mongolia (TDB). Settlement accounts are escrow accounts, thus when withdrawing cash both the account holder’s and its broker’s signature and stamp are required.

Documents needed for opening a securities and settlement accounts

Individuals

1. Citizen’s ID or passport (certified by Notary*)
2. Signed and filled account opening form for MCSD
3. Signed account opening agreement with Standard Investment (two copies) 
4. Signed and filled TDB’s agreement for settlement account (three copies)
5. Signed and filled TDB’s account opening application form and due diligence form
6. Signed and filled TDB’s signature form (certified by Notary)
7. Signed and filled TDB’s power of attorney form (certified by Notary, this is needed if you are not based in Mongolia)
8. If under age of 18, birth certificate and legal guardian’s citizen’s ID/passport (certified copy) – please note that the legal guardian has to have a trading account

Legal entities

1. A request letter to open a securities’ account addressed to the MCSD
2. Certified copy of Certificate of Incorporation (2 copies, translated into English) 
3. Certified Company Charter (translated into English) 
4. Signed and filled legal entity account opening form for MCSD
5. Signed legal entity account opening agreement with Standard Investment (two copies)
6. Signed MCSD's signature authorization form of an authorized signatory to sign and execute the entity's account (certified by Notary)
7. Resolution of the Shareholders’ or the Board of Directors’ meeting appointing the authorized signatory 
8. Certified copy of valid Citizen’s ID or Passport of the authorized signatory (two copies)
9. Signed and filled TDB’s agreement for settlement account (three copies)
10. Signed and filled TDB’s account opening application form and due diligence form
11. Signed and filled TDB’s signature form (certified by Notary)
12. Signed and filled TDB’s power of attorney form (certified by Notary)

*Notary must be done at the Embassy of Mongolia in your country, If not, Apostile can be done instead. 
 

How to open an account

Via e-mail and post

If you live outside of Ulaanbaatar/Mongolia please compile, fill and sign the required documents and send to us via post to the address below. Please do not forget to get the necessary documents certified by a notary/apostile. Upon receiving your documents, we will open an account with us and submit your documents to TDB and the MCSD. Upon opening of your accounts at the bank and the central depository (approximately 3 working days), we will send back the signed agreements to you by e-mail/post. Please note that there might be delays caused by various circumstances irrespective of our actions. If you have any queries please do not hesitate to contact us at T (+976) 70114433, M (+976) 99065017.

Contact e-mail: broker@standardinvestment.mn, jargal@standardinvestment.mn 
Postal address: Post office box 1487, Central Post Office, Ulaanbaatar 15160, Mongolia

In person

We welcome you to come in person to our office located conveniently at the heart of Ulaanbaatar near the Peace bridge.