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Inheritance

If the client receives the securities as a heir by in heritage, the transaction shall be based on the certificate of inheritance, the ID or identity card of the heir, the identification document, the deceased person’s death certificate, the receipt of the receiver and the payment bill of transaction fee. It is forbidden to make transactions from an account that is on progress for inheritance until the inheritance is complete.

Calculation of transaction fee shall be made by multiplying average rate of the stock exchange by last 52 weeks and average rate if there’s no exchange in last 52 weeks, by overall multiplied by number of securities as quantity.

Certificate of right to inherit is issues to receiver by after one year since death of deceased registers. Please click here to download transferring ownership rights rule.

Charge of inheritance transaction service as follows:

# Transaction types Charge of percentage from total transactions
1 If ownership right certified by security purchased by investment certificate is received through inheritance and will. 1%
2 If ownership right certified by security transferred by other than investment certificate is received through inheritance and will. 3%
3 Receive dividend by inheritance and will.. 1%

 “MONGOLIAN CENTRAL SECURITIES DEPOSITORY” Co., Ltd