The “Asset Backed Securities Listing Rules” that adopted by the Mongolian Stock Exchange’s Board of Directors meeting on the 7th of February 2020 were approved by the FRC Chairman’s Order No.146 of on the 10th of April 2020.
It is internationally common that banks and financial institutions pool their assets and create asset backed securities which allow them to raise capitals and reduce risks. This new product will offer not only new financing source for issuers and but also less risky financial product with fixed income for investors.
MONGOLIAN STOCK EXCHANGE