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

27 November 2020
Payment and Settlement Systems Circular No. 19 of 2020

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) Having reviewed the LM limits given in the Payment and Settlement Systems Circular No. 07 of 2018 issued on 23 October 2018, the Central Bank of Sri Lanka (CBSL) has decided to maintain the LM limits defined for CAS as per the said Circular and to revise the LM limits for CEFTS to facilitate effective payment and settlement services to the customers. 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.
7. This Circular shall replace the Payment and Settlement Systems Circular No. 07 of 2018 and shall be
effective from 01 December 2020.
Yours sincerely,
D Kumaratunge
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
  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.