Regulatory Alerts2019-09-05 | Circular No. 35/03/016/007/003Added · Updated
Revised Time Schedule for Open Market Operations
The Central Bank of Sri Lanka issued Circular No: 35/03/016/007/003 to establish a revised time schedule for auctions under Open Market Operations. The new schedule mandates that Overnight and Short-Term Repurchase auctions for Licensed Commercial Banks and the Employees’ Provident Fund occur between 10:00 and 10:30 hrs, while Liquidity Support Facility auctions for Standalone Primary Dealers are scheduled from 11:00 to 11:30 hrs. This revised schedule becomes effective on 06 September 2019, requiring all participating institutions to comply with these specific auction and settlement times.
CENTRAL BANK OF SRI LANKA
Domestic Operations
Department
Circular No: 35/03/016/007/003
05 September 2019
To: CEOs of All Participating Institutions
Revised Time Schedule for Open Market Operations
The revised time schedule for auctions under Open Market Operations (OMOs) is as follows:
| Type of Auction | Auction Time | Settlement of First Leg |
|---|---|---|
| Overnight/Short-Term Repurchase and Overnight/Short-Term Reverse-Repurchase auctions for Licensed Commercial Banks and Employees’ Provident Fund | 10:00 hrs – 10:30 hrs | 13:15 hrs on the same day |
| Liquidity Support Facility (LSF) for Standalone Primary Dealers | 11:00 hrs – 11:30 hrs | 13:15 hrs on the same day |
The revised time schedule will be effective from 06 September 2019. Auction hours for other auctions under OMOs will remain unchanged.
All Participating Institutions are required to comply with the above time schedule.
Director/ Domestic Operations
+94 112 477036
+94 112 346287
ddod@cbsl.lk
www.cbsl.gov.lk
Level 7, Tower 2
No. 30, Janadhipathi Mawata
P.O. Box 590, Colombo 01, Sri Lanka
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