Repo

Introduction

  • Repo is the generic name for Repurchase Agreements
  • Repo is a Sale of Securities together with an agreement with the bank to by back the securities at a stipulated date
  • Minimum investment amounts is Rs. 5 million
  • Repo especially for short term and medium term

 

Rates

  • Rates to be obtained from the money market dealer/Repo dealer for each and every investment

 

How to

  • Customer needs to send duly completed master repo agreement along with the repo application for the first time
  • There after a customer can contact the dealer who is handling repo investment to obtain the rate for investment details before 2.30 pm on bank working days
  • Funds should be available by 3pm and the customer confirmation to be received by the bank before 3pm

 

Contact

Treasury,
07th Floor, 
Bank of Ceylon, Head office,
"BOC Square",
No.01, Bank of Ceylon Mawatha,
Colombo - 01, Sri Lanka.
Tel :  011 220 3681 / 011 239 5813 / 011 220 3735