REPOS

REPOs are when the Bank agrees to borrow funds against Treasury Bills or Bonds from a customer for a specified period of time for a mutually agreed rate of interest. The Treasury Bills or Treasury Bonds are assigned to you as collateral for your investment. This is a risk free investment.

Eligibility:

• Individual customers and Corporate Bodies incorporated in Sri Lanka.

Document Required:

• Personal:
  • Master Repurchase Agreement
  • National Identity Card Copy
  • Client Registration Form
  • Facsimile/ Email Authority
  • KYC Form
  • Investor data request form
  • Application
• Corporate bodies:
  • Master Repurchase Agreement
  • National Identity Copies of Directors
  • Client Registration Form
  • Facsimile / Email Authority
  • KYC Form
  • Investor Data request form
  • Application
  • Authorized Signatories List
  • Company Board Resolution
  • Certificate of Incorporation
  • Certified Copy of Articles of Association
  • Form 1 - Registration of a Company