Secondary Market Trading of Government Securities and Reporting by Licensed Commercial and Specialised Banks

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ශ්රී ලංකා මහ බැංකුව
இலங்கை மத்திய வங்கி
CENTRAL BANK OF SRI LANKA

01 September 2016 | CIRCULAR | Ref: 02/17/800/0007/002

BANK SUPERVISION DEPARTMENT

To: All Chief Executive Officers of Licensed Commercial Banks and Licensed Specialised Banks

Secondary Market Trading of Government Securities and Reporting by Licensed Commercial Banks and Licensed Specialised Banks

In order to promote the secondary market for government securities by enhancing transparency in dealings and price discovery, all licensed commercial banks and licensed specialised banks shall comply with the following commencing 15 September, 2016:

2. Use the Bloomberg Trading Platform (Fixed Income Quotes - FIQ) available for Sri Lanka to:
   i) Conduct all outright trades with other banks and primary dealers; and ii) Report yield rates and volumes of all outright trades carried out over-the-counter in excess of Rs.50 million, within 30 minutes of each such trade.

3. In the case of trades carried out through brokers, selling-side banks shall report under 2(ii) above.

[Signature]
Director of Bank Supervision

[Signature]
Superintendent of Public Debt

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