COLOMBO STOCK EXCHANGE

The Colombo Stock Exchange (CSE) (Sinhala: කොළඹ ව්‍යාපාර වස්තු හුවමාරුව, romanized: Kolamba Vyapara Vasthu Huvamaruva; Tamil: கொழும்பு பங்கு பரிவர்த்தனை) is the main stock exchange in Sri Lanka that utilizes an electronic trading platform. The CSE headquarters have been located at the World Trade Center (Colombo) Towers in Colombo since 1995, and it has regional branches in Kandy, Jaffna, Negombo, Matara, Kurunegala, Anuradhapura and Ratnapura.[2] The CSE trades 296 companies representing 20 business sectors, as of 25 January 2021,[update] with a combined market capitalization of 3,699 billion Sri Lankan rupees.[1]

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COLOMBO STOCK EXCHANGE SWIFT Code

Country

City

Bank or Institution

SWIFT Code

Sri Lanka

COLOMBO

XCOLLKL1

Sri Lanka

COLOMBO

XCOLLKL1XXX

Total: 2
1

About COLOMBO STOCK EXCHANGE

Founded
1896 ; 129 years ago ( 1896 ) (as Share Brokers Association) 1985 ; 40 years ago ( 1985 ) (as Colombo Stock Exchange)
Website
www .cse .lk

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.

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Frequently Asked Questions

1. Why does COLOMBO STOCK EXCHANGE have different SWIFT Codes?

COLOMBO STOCK EXCHANGE operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process COLOMBO STOCK EXCHANGE's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of COLOMBO STOCK EXCHANGE to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of COLOMBO STOCK EXCHANGE, you can log on to the official website of COLOMBO STOCK EXCHANGE, or search the current page of XTransfer, or call COLOMBO STOCK EXCHANGE to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like COLOMBO STOCK EXCHANGE?

Usually, SWIFT Code consists of 8 or 11 characters. For COLOMBO STOCK EXCHANGE, the first 4 digits represent the bank code, which is the same for COLOMBO STOCK EXCHANGE worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for COLOMBO STOCK EXCHANGE be updated or changed?

Yes. When COLOMBO STOCK EXCHANGE undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where COLOMBO STOCK EXCHANGE is located, its SWIFT Code may be updated and changed. COLOMBO STOCK EXCHANGE will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of COLOMBO STOCK EXCHANGE in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of COLOMBO STOCK EXCHANGE support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of COLOMBO STOCK EXCHANGE supports the corresponding business.