Lanka Secure definition

Lanka Secure means the scripless securities depository system established in terms of the Monetary Law Act to electronically issue scripless securities, store holdings of and to record ownership and interests in such scripless securities and to settle transactions in scripless securities, which forms a component of Lanka Settle;
Sample 1

Examples of Lanka Secure in a sentence

  • The Transaction evidenced by this Confirmation shall be recorded on the Central Depository System of Lanka Secure.

  • The Lanka Secure System had shown a nil balance regarding these investments since the primary dealer had withdrawn the underlying securities without reassigning any security with respect to the withdrawn securities.

  • Scripless treasury bonds issued in terms of the Registered Stock and Securities Ordinance (Chapter 420) (hereinafter referred to as the “Ordinance”) shall be issued on Lanka Secure.

  • Since such transactions are unrecorded in the Lanka Secure, any transactions related to the unrecorded period can be treated as unsecured money market transactions.

  • The Lanka Secure System had shown a nil balance regarding these investments since the Primary Dealer had withdrawn the underlying securities without reassigning any security with respect to the withdrawn securities.It was further observed that a government institution had informed the CBSL on 07 October 2015 regarding non-allocation of securities of its investments made with this Primary Dealer amounted to Rs. 2.5 billion.

  • Lanka Secure is the security settlement component, which consists of the scripless security settlement system (SSSS) and the scripless securities depository system (SSDS) for government securities.

  • As a Dealer Direct Participant, the Bank of Ceylon had failed to record 111 Re-purchase (REPO) transactions valued at Rs.58,686,089,500 promptly and accurately in Lanka Secure ownership to show the change in legal ownership of the securities attached for such transactions contrary to the regulations imposed by the Central Bank of Sri Lanka.

Related to Lanka Secure

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