Reply To:
Name - Reply Comment
Last Updated : 2024-05-07 15:53:00
23 February 2023 04:21 am - 0 - {{hitsCtrl.values.hits}}
The Colombo Stock Exchange (CSE) announced the amendment of Trading Rules on the Over the Counter (OTC) Platform, where Repurchase (REPO) transactions in Corporate Debt Securities would be permitted between two (2) eligible investors operating through the same trading participant.
The amended rules have been approved by the Securities and Exchange Commission of Sri Lanka and will be effective from 17th February 2023.
Initially, the Repurchase transactions on the OTC Platform were permitted only between a Trading Participant and an eligible investor operating through such Trading Participant or between two Trading Participants.
The newly permitted transaction type ensures a minimum cost for both parties who engage in the Repurchase transactions.
The decision to amend the Trading Rule on the OTC Platform has been carried out by the CSE in response to the feedback received from the stakeholder institutions dealing in fixed income securities.
The amendment is an important step in the product expansion line-up of the CSE and is projected towards establishing a vibrant REPO market for Debt Securities listed on the CSE.
Last year, the CSE also made a downward revision of the transaction fee structure applicable to REPO transactions on Corporate Debt Securities carried out on the OTC Platform in order to encourage transactions which is a fixed percentage of 0.02 percent (per annum) of the transaction value.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
