I want to

Tools

• Bank Downloads
• Extended / Weekend Banking
• Exchange Rates
• Interest Rates
• Branch Locator
• ATM Locator
• Remittance Houses
• Correspondent Banks
• Service Charges/Fees/
        Commissions
• Standard Settlement
        Instruction
• Representative Officers
        Overseas
• Customer Charter

How does pricing and collateral work?

Depending on Client requirement and cash flows rates could be either Fixed or floating

Fixed Rates with options to vary the rate after a predetermined period or continue with the rate fixed at the commencement of the contract

The flexible rate option includes rates linked to Average Weighted Prime Lending Rate (AWPLR), SriLanka Banks Inter Bank Offered Rates(SLIBOR) Treasury Bill rate .The rates could be set up with a cap and a floor in order to mitigate any loss that may arise due to sharp movement in rates

The facilities could be secured by one or more of the following types.

• Primary/Concurrent Primary (i.e. Syndicated Loan/Consortium) Mortgage over Assets (i.e. immovable and movable)
• Corporate/Personal Guarantees of Promoters, Bank Guarantees - Joint & Several Personal Guarantees of Directors (in Private/Unquoted)
• Assignment of Rights and Pledge of Shares of the Project Company
• Letters of Comfort from Promoters
• Borrowing Bond Resolution adopted by the Board of Directors (Limited Liability Companies)