General Information

Settlement for the equity shares traded in all the Boards will occur on the third market day after the trade date (T+3).

The Participant has to open a settlement bank account for the trade settlements with one of the CDS settlement banks (as indicated below).

SETTLEMENT BANK

CODE

PHONE NO.

FAX

CONTACT PERSON

E-MAIL

BANK OF CEYLON (Corporate Branch)

BOC

2203101
2345428

2399561 / 2

Mrs.KalyaniVithanage (Senior Manager)

boc660@boc.lk

COMMERCIAL BANK (Foreign Branch)

CMB

2486021
2486027

2336706
2445943

Mr.AnuraWickramarachchi(Senior Manager -Foreign Branch)
Mr.SenakaWithana

anura_wickramarachchi@combank.net
senaka_withana@combank.net

SAMPATH BANK (Corporate Credit)

SBL

4730122
4730112

4712017
5331484

Mrs.AyodyaIddewela - Chief Manager
Ms.ManojiJayakody

ayodya_iddawela@sampath.lk
manojijayakody@sampath.lk

Further, the participant shall get a confirmation letter from the settlement bank that a bank account has

been opened for the CDS settlement. This shall be sent along with a letter from the participant mentioning the Trade commencement date.

An authorized signatories list is required giving the specimen signatures and the authorization levels of each signatory as follows.

Name

Designation

Specimen Signature

Deposits

Account openings

Withdrawals

Inter/Intra Transfers

Master file changes

 

 

 

 

 

 

 

 

Account opening documents

  1. If Dealer licenses are available, a Dealer account can be opened by the prospective participant. However, prior to this, all existing CDS accounts with other participants in the name of the participant has to be suspended.
  2. For the Dealer account, CDS2 and 2A, Copy of the Dealer license, a Board resolution to open the CDS account certified by the Company Secretary are required.
  3. All documents should be certified by the participant.
  4. Please refer the CDS guideline & Rules for further clarifications.

All documents sent to CDS shall be sent along with the CDS 25 (Daily documents received/ Returned by CDS). A copy of the CDS 25 is also required. The original of the CDS 25 will be accepted by the CDS and the copy will be date stamped and returned to the messenger.

All authorized messengers’ details (Name and NIC no.) have to be provided since document receipts and returns will only be handed over or accepted from them.