Rule · CBSL · 1 Oct 2021 · Order

Order on Maintaining Cash Margin Deposit Requirements Against Letters of Credit

monetary

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.

Sri LankaCentral Bank of Sri Lanka

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Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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