Regulatory Alerts2021-10-01 | OrderOrder on Maintaining Cash Margin Deposit Requirements Against Letters of Credit
The Monetary Board of the Central Bank of Sri Lanka issued this order pursuant to Section 103 of the Monetary Law Act, No. 58 of 1949. The directive mandates the maintenance of cash margin deposit requirements against letters of credit issued by regulated entities. This regulatory measure aims to ensure financial stability and mitigate risks associated with trade finance instruments.
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