PRODUCTS OF BANK OF CEYLON

FACILITIES

      I.            Credit Facilities

Bank of Ceylon offer handy financial options for corporate customers to cater for their multi-faceted long term financial needs and to meet the working capital requirements.

   II.            Overdrafts

Providing simple and speedy solutions that can be used to finance working capital requirements of your business and to meet any urgent financial needs.

III.            Money Market Loan

Efficient and expeditious solutions to cater urgent funding requirements, yet short term in nature ranging from one day to one month available for corporate with strong standing.

IV.            Pre Shipment Finance

Range of products in trust and secure way to meet the commitments under export orders by providing much needed working capital finance raw materials and other direct costs.

   V.            Import Advances

Offer varied type of facilities to finance your consignments imported under Letters of Credit or on Collection Bills. This will help you to manage your cash flows properly.

VI.            Bank Guarantees

Bank of Ceylon is Issuing Bank Guarantees, favoring third parties for your business activities, when you are not in a position to provide full cash coverage.

VII.            Leasing

BOC has the widest Lease finance network in the Sri Lanka and offer very competitive interest rates with free insurance coverage on Leased Assets for the entire Lease period.

FUNDS TRANSFER

                               i.            RTGS and Slips

RTGS is a Fund Transfer mechanism between Banks on real time basis. SLIPS facility to transfer the money to various Bank branches on the due date.

                             ii.            Collection Accounts

BOC can collect funds deposited by corporate customer’s clients and transfer the entire collection to their main account at Corporate Branch on same day.

                          iii.            Salary Payments

Companies with large payrolls can perform their staff salary payments by merely handing over your diskettes to us with the relevant data.

                           iv.            Standing Orders

You can set a payment to be taken at a certain frequency for a set amount of time from your bank account. Your payments will consist of money set at an amount chosen by you.

OFFSHORE ACTIVITIES

Ø Offshore Exports

Our professional Trade Team expertise is there to guide our customers in extensive hours of business and friendly atmosphere.

Ø Offshore Imports

The number one bank in Sri Lanka, we at Offshore imports will always willing to cater our valued customers.

Ø Offshore Accounts

Wide range of trade related services coupled with a friendly team will make your life easier and convenient.

TRADE FINANCE

Ø Export Facilities

Offer a diversified and complete range of facilities in both local and foreign currencies in Speedy and effective way with more than 1,000 recognized banks all over the world.

Ø Import Facilities

We will assist you to select ideal facility by providing wide range of services through more than 1,000 overseas banks and help you to carry out your International trade.

OTHER SERVICES

Ø CDS Settlement on Share Trading

Bank of Ceylon is one of the four (04) settlement banks of the Central Depository System of Colombo Stock Exchange. The following share brokering firms make their settlements through Bank of Ceylon.

§  Lanka Securities (Pvt) Ltd.

§  First Guardian Equities (Pvt) Ltd.

Ø Clearing of Cheques and Drafts

Customer can obtain the above facility to clear the proceeds of their cheques received from their clients.  Cheques are cleared according to a time schedule stipulated.

Ø Speedy Cheque Realization at Bank of Ceylon

Cheques drawn on online branches of Bank of Ceylon and deposited in any of the 621 on-line branches will realize on the same day.

Ø Encashment of Cheques

Customer can issue a cheque to an authorized person and request him to obtain payment from a remote branch and instruct the bank to effect that payment on personal identification.

Ø Cash Collection and Cash transport facilities for large Corporates

BOC will collect cash at your doorstep and you will be free of all hassles in handling cash.  Accounts will be credited on same day value.

Ø BOC i-net Facility

Customers can view their Current Account Operations through the Internet.

Ø Fund Management

The Bank could provide the service of transferring excess funds in Current Accounts to a special Call Deposit Account or vice versa on daily basis enabling you to earn an income on excess funds.