Treasury Products & Services
Treasury Bills and Treasury Bonds
Treasury Bills and Treasury Bonds are highly liquid gift edged investments.
Investments with maturities from 3, 6 and 12 months
Bonds are available from 2 years to 20 years, yet 2 to 6 year maturities are widely traded. Treasury bonds are long term, ideally suited for pension and Superannuation funds
Treasury Bills and Bonds for Migrant Work Force
Migrant work force can open Securities Investment Account (SIA) with Bank of Ceylon to invest in Treasury Bills/Treasury Bonds issued by Government of Sri Lanka/Equity capital of companies incorporated in Sri Lanka /Units of Unit Trusts in Sri Lanka.
Repurchase Agreement (Repo)
A repurchase agreement,also known as a repo, is the sale of securities together with an agreement for the Bank to buy back the securities at a later date. A repo is economically similar to a secured loan, with the buyer receiving securities as collateral to protect him against default by the seller. Amounts over Rs: 5 million can be invested under Repo especially for short term and medium term.
Reverse Repurchase Agreement (Reverse Repo)
Borrowing money against your Treasury Bills or Bonds. An ideal product for corporate, fund managers, etc.
Sri Lanka Development Bonds (SLDB)
You can invest in US$ denominated SLDBs at the time of issue or buying from the market through us.
Sri Lanka Sovereign Bonds are issued by the Government of Sri Lanka for 5 or 10 years, the proceeds of which are utilised for development activities. Investment is usually limited to non-Sri Lankan entities
Discount of Treasury Bills and Bonds prematurely
Premature withdrawal of money invested in Treasury Bills or Treasury Bonds applying present market rates.
Forward Exchange Contract
A special type of foreign currency transaction. Forward contracts are agreements between two parties to exchange two designated currencies at a specific time in the future. These contracts always take place on a date after the date that the spot contract settles, and are used to protect the buyer from fluctuations in currency prices.
Foreign exchange Transaction
Common customer transactions, are inward and outward remittances, issuing of foreign currency and travellers cheques for travel, transfers between accounts, settlement of external trade transactions and etc.
Tailored products and risk managing tools to suit your business needs. Best available rates for hedging risks.
A derrivative product to hedge your risk of foreign exchange. This gives a right but not an obligation to the buyer of the contract. An alternative product to Forward Exchange Contract under which the buyer gets an obligation.