Service terms & conditions

Service /Guarantee covered/Commission
Bid bond
For the amount of 1,000,000 MNT, or 1,000 USD
10,000 MNT, 10 USD (once)
For the amount over 1,000,000 MNT, or 1,000 USD
30,000 MNT, 30 USD (once)
To change bond condition20,000 MNT
To cancel guaranteeNo commission

Service /guarantee uncovered/ commission
Bid bondTender guarantee (to install funds for up to 20 mln MNT or pledge asset/s, the exceeding amount is to be charged risk interest)Up to 20,000,001-50,000,000 MNT8.00% (once)
Up to 50,000,001-100,000,000 MNT
6.00% (once)
For the amount over 100,000,001 MNT
4.00% (once)

Required documents

  • Request to issue a guarantee;
  • Copy of Business license (to be confirmed with the Original);
  • Company Charter (to be confirmed with the Original );
  • Copy of Citizen’s ID card /Individual or Management of Company/ (to be confirmed with the Original);
  • Draft contract (the original contract must be provided after it is signed by the parties);
  • A resolution of Shareholder’s meeting;
  • Authorization letter to sign a contract;
  • Fill out the Performance guarantee form;
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