The customers can lend their short term funds to Bank of Ceylon on re-purchase agreement under Treasury Bills/Bonds.
Minimum Investment Amount – Rs. 5 Million.
Rate of Interest -Prevailing market rate.
Period of the investment -The customer can decide depending on his cash requirements.
Eg. Overnight (i.e from today to tomorrow)
1week, 2weeks, 01month, 02 months etc.
The bank will assign a treasury bill or a Treasury bond in the name of the investor for the tenor of the transaction as a security. So customer will receive a security for his lending amount.
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