Main functions of International and Reserve Department consists of:

• -  Treasury and money management

• -  Foreign exchange, auction participation and confirmation

• -  Research on foreign exchange rates on a daily basis

• -  Proprietary trading

• -  Cooperation with Bloomberg, Thomson Reuters and other financial institutions

• -  Correspondent banking

• -  International settlement

• -  Trade finance

• -  Research on investment banking

 

Treasury and money management

International and Reserve department plays a key role in asset management of the bank by monitoring prudential ratios in order to balance them and keep them at required levels set forth by the Bank of Mongolia. In addition, as part of our money market activity, we strengthen our mutually beneficial relationship with other foreign and domestic banks alike on a regular basis      

Collaboration with Bloomberg, Thomson Reuters and other financial institutions

One of the two Bloomberg Professional Services terminals at NIBM belongs to Reserve and International department.  The terminal provides access to both global and domestic news and data along with conveniences to perform forecasts, evolutions, analysis and trading when needed. Furthermore, NIBM contributes to UBIBOR (Ulaanbaatar Interbank Offer Rate), an interbank benchmark rate published By Mongolia Financial Markets Association and fixed by Thomson Reuters.

Correspondent Relationship

Currently, NIBM has correspondent accounts at National Bank TRUST (RUB, USD), Wachovia Bank N.A., USA (USD), and China Construction Bank (RMB, USD).

 

 

International Settlement

NIBM’s international settlement is executed through S.W.I.F.T (Society for Worldwide Interbank Financial Transactions) the most modern, secure and reliable financial networking system. Upon customer request, Bank Guarantee and Letter of Credit can be executed through SWIFT as well.

 

Investment Banking Research

Reserve and International Department participates in Investment Banking research team, if necessary, does research work particularly on corporate advising, issuing shares on primary and secondary market, merger, and acquisition.