Regulatory Alerts2018-04-12 | Circular No. 35/01/005/0006/36Operating Instructions for Intra-Day Liquidity Facility Against Scripless Government Securities on LankaSettle
The Central Bank of Sri Lanka issued these operating instructions to govern the provision of the Intra-Day Liquidity Facility (ILF) to Participating Institutions for facilitating Real Time Gross Settlement operations. The facility allows eligible banks to borrow interest-free funds against eligible scripless government securities, requiring full repayment by the close of business each day. The document outlines strict collateral requirements, daily valuation procedures, and escalating penalty interest rates for defaults or violations involving third-party securities.
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