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An agreement is reached when there is a commitment by the seller or dealer to buy a security from the purchaser or customer at a specified price at a specified future date. When this agreement is made from the customer’s perspective, it is referred to as a Reverse Repo. Commercial Bank assists in such transactions to facilitate trade.
Corporate Bodies incorporated in Sri Lanka which maintains a Savings or Current Account at Commercial Bank can purchase Reverse REPOs.
Liquidity – Reverse Repos provides you the ability to invest cash overnight, making them a critical component in the effort to manage liquidity.
Yield Advantage – Reverse Repos generally provides you with a yield advantage as compared to traditional overdraft facilities etc.
Please submit the documents mentioned under “Documents required”, to the nearest branch or to your Relationship Manager to obtain the Reverse REPO facility.
Once the approval is granted, you should forward the duly completed Master Repurchase Agreement and Board Resolution.
Upon receipt of the above mentioned documents you can enter into a Reverse Repurchase agreement after agreeing to an interest rate with the Treasury Dealers Department.
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.
Please feel free to use our Product Enquiry Form. Our representatives will get in touch.