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Seylan Asset pioneers Govt Securities sales online

Seylan Bank Asset Management Limited (SAM) introduced an online sales system for Government Securities (GSecs) through the SAM website for the first time in Sri Lanka. An investor can purchase securities using the funds in a current or savings account with Seylan Bank or by using a credit card. For this purpose, SAM entered into an agreement to obtain the services of the Payment Gateway of Seylan Bank. The system will be launched on October 7 and will go live soon after.

The online GSecs sales system provides an opportunity to investors to buy Treasury Bills, Treasury Bonds and Repos (Re-purchase agreements) at any time, irrespective of the business hours.

An investor can also buy government securities using the system from any place at his/her own convenience without walking into the business premises of a primary dealer or a commercial bank.

The system will be of immense benefit to an investor who has a busy schedule who finds it difficult to spare time to visit a financial institution to buy government securities.

An investor can avoid the hassle of carrying cash because the SAM online GSecs sales system is fully integrated with Seylan Bank's payment gateway.

www.ceylincoproperties.com

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