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                                DICoM Signed MOU with CDIC in Ulaanbaatar on July 24, 2015

In order to facilitate cross-border cooperation and the exchange of information among the Deposit Insurance Corporation of Mongolia(DICoM) and Central Deposit Insurance Corporation(CDIC), a Memorandum of Understanding(MOU) has been signed on July 24th, 2015 in Ulaanbaatar by the DICoM’s C.E.O. Mr. Byadran Lkhagvasuren and the CDIC’s President Mr.Michael M.K.Lin indicating the official bilateral cooperation.

 

 

                                Exchange of the Letters(EOL) by the DICoM and the DICJ

The Deposit Insurance Corporation of Mongolia (DICoM) exchanged the letters with the Deposit Insurance Corporation of Japan (DICJ) for the purpose of enhancing the mutual cooperation between two organizations. The letters were signed by Katsunori Mikuniya, Governor of the DICJ, and Mr. Lkhagvasuren Byadran, Chief Executive Officer of the DICOM, who visited Japan to attend the 8th DICJ Round Table hosted by the DICJ.

The letters promote mutual cooperation between the two organizations, including exchange of information and staffs.       

 

 

 

                      DICoM Signed an MOU with the KDIC

On August 13th (Wednesday), Mr. Byadran Lkhagvasuren, Chief Executive Officer of the Deposit Insurance Corporation of Mongolia (DICoM) signed a Memorandum of Understanding (MOU) with Mr. Joo Hyun Kim, Chairman and President of the Korea Deposit Insurance Corporation (KDIC) in Seoul.  

 

 

 

 

Асуулт хариулт

WHO IS THE INSURED DEPOSIT HOLDER?

It is the entity or the person who is holding current account and money accounts at the commercial banks.

WHAT IS DEPOSIT INSURANCE?

 

Deposit insurance is the system that provides a limited security or hedging against the risk to member commercial banks and their deposit holders in order to create systematic financial stability and public’s trust to the banking sector, by paying back compensation or contract terms in case of insurance case.  It is the entity or the person who is holding current account and money accounts at the commercial banks. 

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