Regulatory Alerts2006-12-13 | Circular No. RTGS/10/2006Standard Times for Settlement of Inter-Participant Transactions in the LankaSettle System
The Central Bank of Sri Lanka mandates new settlement standards for inter-participant transactions in the LankaSettle System, effective December 15, 2006. Paying participants must settle forward value money market and foreign exchange transactions by 10:00 a.m. on the value date. Additionally, same-day value transactions for these instruments must be settled within two hours of entry into the system.
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