|Settlement Bank||Phone Number|
|BANK OF CEYLON (Corporate Branch)||2203116/ 2203118|
|COMMERCIAL BANK (Foreign Branch)||2486028/2486090|
|HATTON NATIONAL BANK (Custody & Trustee Services)||2660682/ 2660655|
All CDS Participants have to open a settlement bank account for the trade settlements with one of the CDS settlement banks.
The Participant should also obtain a confirmation letter from the settlement bank that a bank account has been opened for the CDS settlement. This confirmation letter should be submitted to the CDS along with a letter from the participant mentioning the Trade commencement date.