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Wednesday October 20th, 2021
Bonds & Forex

Sri Lanka OTC repo platform in operation at CSE

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange has introduced a new over-the-counter platform to conduct repo transactions against corporate debt securities.

“Implementation of this mechanism is fronted with the objective of enabling market participants to carry out REPO transactions utilizing the facilities offered by the CSE as an intermediary at a reasonable fee and improving the liquidity of the listed corporate debt market..,” the stock exchange said.

“The OTC Platform would be an addition to the trading of corporate debt securities on the ATS (automated trading system).

“The mechanism will also contribute towards creating a new opportunity for investors, trading members, and other corporates involved in the fixed income securities market in Sri Lanka.”

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