Regulatory Alerts2018-07-25 | Circular No. 03/2018Amendment to Daily Operating Schedule of the LankaSettle System
The Central Bank of Sri Lanka issued Circular No. 03/2018 to amend the Daily Operating Schedule of the LankaSettle System effective 01 August 2018. The regulation implements four Clearing Cycles for Common ATM Switch and Common Electronic Fund Transfer Switch settlements, replacing the previous schedule in Volume 4 of the LankaSettle System Rules. Participants are required to monitor settlement accounts and maintain sufficient funds to ensure timely processing of Multilateral Net Settlement batches.
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