CDS Account

CDS Account

If you wish to conduct share transactions through the Colombo Stock Exchange you should open a Securities Account in the CDS through a Participant organization (a stockbroker or a custodian bank). Your CDS accounts should be operated through your Participant organization, and any changes to your account will have to be forwarded through the Participant. You cannot issue instructions directly to the CDS.

Direct Participants: The stockbrokers who are licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and are members of the CSE

Indirect Participants: These are the banks registered under the Banking Act of Sri Lanka

Opening a CDS Account

• Opening of Client Accounts – Non-Resident Individuals
• Opening of Client Accounts – Non-Resident Body Corporates
• Opening of Client Accounts – Non-Resident Collective Investment Schemes

Trading Sessions

Sri Lanka Standard Time (GMT+5:30)

Market phase Open auction call : 10.30 am-11.00 am

Market phase Regular trading : 11.00 am-2.30 pm

Market close : 11.00 am-2.30 pm

Market Halt

The Three Tiered Circuit Breaker Structure stated below will apply to all listed securities in the event the S&P SL20 index drops.

First Circuit Breaker – After commencement of trading of the Colombo Stock Exchange (CSE) for the day, a Market Halt to be imposed for 30 minutes in the event the S&P SL20 index drops by 5%.

Second Circuit Breaker – Having re-commenced trading after the cooling off period of 30 minutes following the S&P SL20 drop of 5%, if the S&P SL20 index drops again by another 2.5%, a Market Halt to be imposed for another 30 minutes.

Third Circuit Breaker - Upon re-commencing trading subsequent to cooling off period of 30 minutes following the S&P SL20 drop of 2.5% (altogether S&P SL20 has dropped by 7.5%) if the S&P SL20 index drops by a further 2.5% (S&P SL20 index has fallen altogether by 10% for the day), trading will be halted and the market shall be closed for the day.

Further details on trading sessions: https://www.cse.lk/home/tradingSessions

Transaction Costs

Transactions up to Rs. 100 Million will be subject to a transaction cost of 1.12%, complied as follows:

Transaction Costs for transactions over Rs. 100 Million will be applied on a step up basis

*Brokerage fees for transactions over Rs. 100 Million are indicated as a floor brokerage commission; actual fees may exceed this percentage.

List of Unit Trust Companies and Funds

Information on Unit Trust Companies and the type of funds operating in Sri Lanka could be obtained through http://utasl.lk/member-company/

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