Opening an account as a non-resident Sri Lankan
You must open a Securities Investment Account (SIA) to invest in Treasury Bills/Treasury Bonds issued by the Government of Sri Lanka or Equity capital of companies incorporated in Sri Lanka /Units of Unit Trusts in Sri Lanka. This account can be opened through a local bank.
Other documents required
Please note: A non-resident local with dual citizenship must follow the same process for account openings as a foreign non-resident.
Same procedure as above with the exception of the form provided below which must be completed instead of the Know Your Customer (KYC) form for Individual Account.
Other related documents
Margin Trading is where an Investor pledges a Quoted Share Portfolio in his/her Central Depository System (CDS) Account to a financial institution and obtains credit up to 50% of the market value of the quoted share portfolio pledged. The 50% upper limit is the limit set by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC).
Margin trading providers
Reminder:If you have share certificates to be lodged, Name and NIC/Passport number should be the same as those provided in your CDS Account.
Intra-transfers take place when an individual wishes to transfer stocks from one participant firm to another.
Reminder: Client signature must be placed in sections 1 and 3 in the CDS 6 form.
Private transfers occur when an investor finds the need to transfer the stock owned by him/herself to another individual. This can happen in two ways:
NDBS SMS ALERTS is a messaging facility which will dispatch information regarding your CDS account and transactions in your account via SMS to your mobile phone. Clients may subscribe for this facility using the form provided below.
If completed documents are to be posted, please submit a scanned copy of the documents to the NDBS Operations Department via e-mail (firstname.lastname@example.org) for verification, prior to posting the documents to NDBS.