Category: Money

The Colombo Stock Exchange unveiled a range of management strategies to reduce transaction risks on its debt exchange (DEX) including liquidity deposits by brokers to determine maximum exposure limits.Debt brokers will be required to maintain liquidity deposits of cash and securities which will determine maximum exposure limits, CSE, Central Depository System Manager, Renuke Wijayawardhane said.rn […]

Housing Development Finance Corp. has teamed up with debt dealer Capital Alliance to take financial instruments to the provinces. rnldblquote Depositors in the provinces have few opportunities outside banks to put their money, though large volumes of savings are waiting to be tapped, dblquote says HDFC Chief Sarathchandra. rn rnHDFC will sell capital market securities […]

The Central Bank left key benchmark interest rates unchanged as the impact of the worst floods in decades was expected to have little effect on the economy.The bank in its monthly review of Monetary Policy said that inflation remained low as industrial output expanded. rn rnThe bank in a statement said that initial assessment of […]

The Central Bank left its key short-term discount rates unchanged on Friday after its monthly monetary policy meeting.The overnight repurchase rate or repo rate was kept at 8.25 percent, while the reverse repurchase rate or reverse repo was left at 10.25 percent.rn rnCommenting on its review of the economy, the bank said the recent floods […]

The Colombo Stock Exchange is going ahead with the launch of its new Debt Trading Board in June with or without access to the primary market for government debt.The exchange, which has been doing mock runs on the new debt trading system the DEX, says a new proposal to sort out an impasse with the […]

The Central Bank is planning to dematerialise all existing Government Bills and Bonds before a sophisticated system for trading them comes on line in September.The new system will eliminate Bills and Bonds in physical form, instead lodging the security ownership in a computerized Central Depository.rn rnMoves are already underway to dematerialize existing securities by passing […]

The Colombo Stock Exchange is talking to Central Bank to get access to 5 percent of the primary government securities market.If approved, the move would amount to CSE accessing the primary government securities market without being appointed a primary dealer.rn rnldblquote Its a model similar to what is happening in India, dblquote explains Hiran Mendis, […]

The Central Bank on Friday cut key interest rates by 75 basis points on Friday.The bank lowered the Reverse Repurchase Rate to 10.25%, while the Repurchase Rate was cut to 8.25%. The bank last cut rates by 75 basis points on January 7.rn rnThe Reverse Repo-rate is the rate at which Primary Dealers in Treasury […]

The Central Bank on Friday cut its key short-term discount rates by 75 basis points, in line with its policy of lowering rates.The bank lowered the reverse repurchase (reverse repo) rate to 10.25 percent, while the repurchase rate was cut to 8.25 percent.rn rnThe bank last cut rates by 75 basis points on January 7.rn […]

Treasury Bill yeilds moved up by 64 basis points at the close of this weeks auction.rnrnrnrnrnrnNew Page 1rnrnrnrnrn rn rn rn rn rn   rn Amount rn Bids rn Bids rn rn   rn Avg rn rn  yeild rn rn rn   rn offered rn recvd rn accept rn rn This wkrn rn rn Last wkrn […]

Two parties have responded to the Colombo Stock Exchanges call to admit trading members to its new debt trading, the DEX.CSEs Senior Manager Marketing, Rajeeva Bandaranayake says over 20 firms picked up the prospectus, when the earlier deadline ended on April 30.rn rnldblquote We have decided to extend the deadline by another month, as some […]

Capital Alliance Ltd., the newest entrant to the Primary Dealer fraternity, plans to tap the outstation market to promote government debt.The Central Bank on Tuesday appointed Capital Alliance as its third non-banking primary dealer.rn rnA primary dealer is a distributor of treasury bills/bonds and participates in the primary and secondary markets of government securities.rn rnCapital […]