Bank of Mongolia (BOM)

ICD Corporation performed an assessment of the existing payment systems based on compliance with the BIS “Core Principles for Systemically Important Payment Systems”. In addition, assessments and recommendations were made regarding institutional arrangements, legal foundations for the BOM’s role in oversight of payment systems, rules and regulations for participation in payments activities and development of technical specifications for the Real Time Gross Settlement (RTGS) system procurement. ICD Corporation then facilitated the procurement process including recommendations on bid criteria, and oversaw the scoring and evaluation process.