Regulatory Alerts2019-03-12 | Circular No. 03 of 2019Margin Requirements Against Imports on Documents Against Acceptance (DA) Terms
The Central Bank of Sri Lanka has withdrawn its October 2018 circular governing margin requirements for imports under Documents Against Acceptance (DA) terms. The withdrawal takes effect on 13 March 2019, immediately replacing the previous regulatory framework for all licensed banks. This directive ensures that current compliance standards are uniformly applied to DA-related import transactions without transitional delays.
CENTRAL BANK OF SRI LANKA BANK SUPERVISION DEPARTMENT
12 March 2019 | CIRCULAR | No. 03 of 2019
MARGIN REQUIREMENTS AGAINST IMPORTS ON DOCUMENTS AGAINST ACCEPTANCE (DA) TERMS
All licensed banks are hereby informed that the Circular No 2 of 2018 dated 11 October 2018 on Margin Requirements Against Imports on Documents Against Acceptance (DA) Terms is withdrawn with effect from 13 March 2019.
[Signature]
J P Gamalath Actg. Director of Bank Supervision