FEDERATION OF EURO-ASIAN STOCK EXCHANGES > YEARBOOK 2002/2003 > PAGE 63
MONGOLIAN STOCK EXCHANGE
Trading
Days
Hours: Equity market
Bond market
Market segmentation
System
Mechanisms
Market-maker/specialists
Instruments
Currency
Real time information
Clearing & Settlement
Monday-Friday
11:00-12:00
11:00-12:00
n/a
Automated, depository link, data dissemination,
reporting facilities, WAN
Call auction, continuous auction
No
Stocks, government and company bonds
Local
Best bid/ask, last price, last volume,
total volume, order book
Structure & Regulations
Legal
Regulation
Securities market regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection
No
T+1
Yes
Book entry
Transaction by transaction
Yes, full DVP
No
No
No
Individuals, institutional investors,
brokerage houses,
banks, exchange members
Foreign Participation
Non-profit company
Self
Exchange with the regulatory institution
Exchange
Yes
Centralized
Yes
No
Foreign investors
Investment limitations
Repatriation
Taxes
Cash dividends
Interest income
Capital gains
Central depository
Period
Registered
Settlement
Clearing
DVP
Clearing institution
Risk sharing
Margin/lending
Custodians
Allowed, no restrictions
No limitation
No restrictions
Volume by Type
n/a
n/a
n/a
3%
97%
Bonds
Minimum Listing Requirements
Requirements
Years of business activity
Capitalization of issue
Free float
Minimum # of shareholders
Minimum years of positive financial results
# times dividends distributed in last 3 years
Listing agreement with central depository
Prospectus required
Special requirements
Equity Market
3
MNT 10,000,000
n/a
50
Last three years
n/a
yes
n/a
n/a
Stocks