Emerging Markets Rates and Currencies Handbook

is mandatory and is required on or before the FX trade date. Further there is a requirement to have a board resolution in place to enter into transactions. Trade Flows Relevant documents as defined under LC/Trade terms. Capital Flow and FDI Relevant documents as required under remittance Hedging is also allowed based on past performance. Foreign Investors are permitted hedge FI and Equity (CSE) exposures. There are specific regulations issued by CBSL covering these and above requirements. *The Central Bank recently issued a circular temporally halting FX forwards for a period of 3 months (till 26th April 2021). For latest regulatory updates please refer https: //www.c bsl.gov.lk/ purpose headings and additional documents to fulfill Central Bank approval requirements. Additional Comments Balance sheet hedging permissible on selected items. Citibank, N.A. Sri Lanka No 65C, Dharmapala Mwt, Colombo 07, Sri Lanka FX Sales Contact: +94 11 4796618/ +94 11 4796622