2020-02-11 | Circular No. 35/03/016/007/005The Central Bank of Sri Lanka issued Circular No. 35/03/016/007/005 on 11 February 2020 to amend Section 83.0(b) of its Consolidated Operating Instructions. This directive mandates that the Central Bank announce outright auction decisions at least one business day prior to the auction date. The required announcement details must include the auction type, security face value, maturity information, and specific dates for the auction and settlement.
# ශ්රී ලංකා මුල් විශාලා
## දිගුකාලික මුදුන් වාර්තාව
### CENTRAL BANK OF SRI LANKA
**ශ්රී ලංකා මුල් විශාලා**
**දිගුකාලික මුදුන් වාර්තාව**
**Central Bank of Sri Lanka**
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**ශ්රී ලංකා මුල් විශාලා**
**දිගුකාලික මුදුන් වාර්තාව**
**Central Bank of Sri Lanka**
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**Circular No: 35/03/016/007/005**
**11 February 2020**
**To: CEOs of All Participating Institutions**
## Outright Auctions under Open Market Operations
Section 83.0 of the Circular No. 35/03/016/007/001 on *Consolidated Operating Instructions (COI) on Market Operations* dated 26 October 2016 as amended by Circular No. 35/03/016/007/004 on *Outright Auctions under Open Market Operations* dated 05 September 2019, is hereby further amended as follows with effect from 11 February 2020.
### 83.0 (b) Auction Announcement under Treasury Bonds
The Central Bank of Sri Lanka shall announce the decision to conduct outright auction with a minimum of one business day prior to the auction date. The announcement shall include the type of auction on offer (outright sale or purchase), amount offered (the face value of the securities), maturity date, days to maturity, auction date and settlement date. The settlement date for outright transactions will be the following business day.
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**Director/Domestic Operations**
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