Liability Manager Limits in LankaPay Common ATM Switch and Common Electronic Fund Transfer Switch

# ශ්‍රී ලංකා මුල් විලාඕවා දිගුත්තුක් ප්‍රතිපාලන සංස්ථාව
CENTRAL BANK OF SRI LANKA

**ආර්ථික සහ සියළු සැපයුම් අංශය** දිනාරි ප්‍රාප්තියක්, දිනාරි ප්‍රාප්තියක් දිනාරි ප්‍රාප්තියක් **Payments and Settlements Department**

20 June 2022

## Payment and Settlement Systems Circular No. 03 of 2022

### To: All Primary Members of Common ATM Switch and Common Electronic Fund Transfer Switch and LankaClear (Pvt) Ltd

### Liability Manager (LM) Limits in LankaPay Common ATM Switch (CAS) and LankaPay Common Electronic Fund Transfer Switch (CEFTS)

The Central Bank of Sri Lanka (CBSL) has decided to revise the multi-tiered Liability Manager (LM) limit structure for CAS and CEFTS given in the Payment and Settlement Systems Circular No. 19 of 2020 issued on 27 November 2020, in order to include the National Savings Bank (NSB) who has obtained the participant status in the LankaSettle system and the Primary Membership of CAS and CEFTS. The amended categorization of Primary Members of CAS and CEFTS for the purpose of defining LM limits is given in Annex I.

---

2. Minimum LM limits applicable for CAS and CEFTS shall be as follows;

#### i. Minimum LM Limits for CAS

| | Category A | Category B | Category C |
|---|---|---|---|
| Category A | Rs. 200 Mn | Rs. 150 Mn | Rs. 100 Mn |
| Category B | Rs. 150 Mn | Rs. 150 Mn | Rs. 100 Mn |
| Category C | Rs. 100 Mn | Rs. 100 Mn | Rs. 100 Mn |

#### ii. Minimum LM Limits for CEFTS

| | Category A | Category B | Category C |
|---|---|---|---|
| Category A | Rs. 500 Mn | Rs. 350 Mn | Rs. 250 Mn |
| Category B | Rs. 350 Mn | Rs. 350 Mn | Rs. 250 Mn |
| Category C | Rs. 250 Mn | Rs. 250 Mn | Rs. 250 Mn |

---

3. Primary Members may allow LM limits higher than the minimum limits defined by CBSL, through mutual arrangements to any Primary Member in any category.

4. LankaClear (Pvt) Ltd. shall implement and maintain the minimum LM limits defined by CBSL in CAS and CEFTS systems and accommodate requests made by Primary Members to set LM limits higher than the minimum LM limits defined by CBSL.

5. Minimum LM limits assigned for any or all category/ies and categorization of Primary Members would be periodically reviewed by CBSL and revised, if necessary.

6. Primary Members were categorized in this manner for the sole purpose of defining minimum LM limits and shall not be used for any other purpose.

Contd.

---

**Level 8, No. 30, Janadhipathi Mawatha, Colombo 1**  
**P.O. Box 590, Colombo 01, Sri Lanka.**  
**www.cbsl.gov.lk**  
**psd@cbsl.lk**

---

7. This Circular shall replace the Payment and Settlement Systems Circular No. 19 of 2020 and shall be effective from 27 June 2022.

Yours sincerely,

M. R. Wijewardane  
Director/ Payments and Settlements

---

## Annex I

### Primary Members of Common ATM Switch and/or Common Electronic Fund Transfer Switch

#### • Category A

| Bank of Ceylon |
| People's Bank |
| Commercial Bank of Ceylon PLC |
| Sampath Bank PLC |
| Hatton National Bank PLC |
| Seylan Bank PLC |
| National Development Bank PLC |

#### • Category B

| DFCC Bank PLC |
| Nations Trust Bank PLC |
| The Hongkong & Shanghai Banking Corporation Ltd |
| Pan Asia Banking Corporation PLC |
| Standard Chartered Bank |
| Amana Bank |
| Union Bank of Colombo PLC |
| Cargills Bank Ltd |

#### • Category C

| National Savings Bank |
| Deutsche Bank AG |
| Citibank N A |
| MCB Bank Ltd |
| State Bank of India |
| Habib Bank Ltd |
| Public Bank Berhad |
| Indian Bank |
| Bank of China Ltd |
| Indian Overseas Bank |

This categorization is for the sole purpose of imposing the multi-tiered LM limit structure and shall not be used for any other purpose.