Repurchase Agreements

• A Repurchase Agreement (Repo) is the sale of securities together with an agreement with the bank to buy back the securities at a stipulated date
• The minimum investment amount is Rs. 5 million
• Specially for short and medium-term investments

Rates

• Can be obtained from money market dealers/Repo dealers

Process

• Submit following documents when opening a Repurchase agreement for the first time
  - Master Repurchase Agreement
  - KYC
  - Repurchase Application
  - Copy of NIC
  - Board Resolution (Corporates only)
• Customer may contact a dealer to obtain relevant rate before 2.30 p.m. on any bank working day
• Funds and customer confirmation should be made available to the bank by 3.00 p. m.

Contact

Treasury,
7th Floor,
Bank of Ceylon, Head office,
"BOC Square", No. 1, Bank of Ceylon Mawatha,
Colombo 1, Sri Lanka.
T:   011 220 3681
T:   011 239 5813
T:   011 220 3735