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gq;Fr;re;ij mwpKfk;

M.A.IMRAN;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

tplag;gug;G

,yq;ifapy; gq;Fr;re;ijapd; Njhw;wKk; tsh;r;rpAk;


tUkhdk; Efh;T Nrkpg;G KjyPL
gq;Fr; re;ijAk; fld; re;ijAk;
gq;Fr; re;ijAld; njhlh;Gila epWtdq;fs;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

,yq;ifapy; gq;Fr;re;ijapd; Njhw;wKk;


tsh;r;rpAk;
1896- nfhOk;G gq;Fr; re;ij
1984- gfpuq;f tpahghuj;jsk;;
1985- nfhOk;G gpizfs; ghpkhw;W epWtfk;
(CSE)/jpwe;j fj;jy; Kiw
1991kj;jpa itg;G jpl;l (jdpahh;) fk;gdp
1997- jd;dpaf; tpahghu Kiw (ATS)
2004- fld; gj;jpuq;fspd; ghpkhw;wk; (DEX)

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

gq;Fr;re;ijapd; fl;likg;G

tUkhdk; Efh;T Nrkpg;G KjyPL


tUkhdk;

Efh;T

Nrkpg;G

KjyPL
xOq;FgLj;jg;gl;
l
KjyPLfs;

xOq;FgLj;jg;gl
hj
KjyPLfs;

gzr;re;ij

fhR

FWq;fhyk;

ePz;lfhyk;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

%yjdr;r;re;ij

%yjd re;ijapd; tiffs;


%yjd re;ij

fld; re;ij

1Mk;
jur;re;ij

gq;Fr; re;ij

2Mk;
jur;re;ij

1Mk;
jur;re;ij

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

2Mk;
jur;re;ij

%yjdr; re;ijf; fUtpfs;


%yjdr; re;ij
(fUtpfs;)
fld; re;ij

mur
gpizfs;

jpiwNrh
p
Kwpfs;

gq;Fr; re;ij

fk;gdpfsp
d; gpizfs;

njhFjpf;fld;fs;

rhjhuz gq;Ffs;
thf;FhpikAs;
s
thf;Fhpikaw;
w
Kd;Dhpikg;
gq;Ffs;
gq;Fg;
Mizg;gj;jpuq;fs;
ek;gpf;if epjpak;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

Kjyhk;jur; re;ij fld; %yjdk;

mur gpizfs; - CBSL - Kjyhk;ju tzpfh;fs;;


fk;gdp gpizfs; -

,uz;lhk; jur; re;ij fld; %yjdk;

mur gpizfs;
gl;bayplg;gl;l fk;gdpfs;
gpujhd

ngah;g;gyif
,uz;lhk;ju ngah;g;gyif

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

Kjyhk;jur; re;ij gq;F %yjdk;

epWtdk;

e.g. I.P.O, gUtfhy gq;Ftoq;fy;

KjyPl;lhsH

,uz;lhk;;jur; re;ij gq;F %yjdk;

gl;bayplg;gl;l fk;gdpfs;
gpujhd

ngah;g;gyif
bhp rtp ngah;g;gyif

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

gq;Fr;re;ijapy; gq;Ffis gl;baypLk;


Kiwfs;

tpw;gidf;fhd mwptpj;jy; (Offer for Sale)


jw;NghJ fhzg;gLk; gq;FjhuHfspy; xU my;yJ rpy gq;FjhuHfs;
jkJ gq;Ffisg; nghJkf;fSf;F tpw;gid nra;tjidf; Fwpf;Fk;

gq;fspg;Gf;fhd mwptpj;jy; (Offer for Subscription)


fk;gdpahdJ gq;Ffisg; nghJkf;fSf;F tpw;gid nra;J %yjdj;ij
jpul;Ltijf; Fwpf;Fk;.

mwpKfg;gLj;jy; (Introduction)

gq;Fr;re;ijapy; gl;bayplg;gLk;
gpizfs;

rhjhuz gq;Ffs; (Ordinary Shares)

thf;FhpikAs;s
thf;Fhpikaw;w

Kd;Dhpikg; gq;Ffs; (Preference Shares)


gq;Fg; Mizg; gj;jpuq;fs; (Share Warrants)
njhFjpf;fld;fs; (Debentures)
jpiwNrhp cz;bay;fs; (Treasury Bills)
jpiwNrhp Kwpfs; (Treasury Bonds)

nfhOk;G gpizfs; ghpkhw;wfj;jpy;


gpizfs; ifkhw;wg;gLk; Kiwfs;

ATS- jd;dpaf;f nfhLf;fy; thq;fy; Kiw


rhjhuz

gq;Ffs; (Ordinary Shares)

thf;FhpikAs;s
thf;Fhpikaw;w

gq;Ffs; (Preference Shares)


gq;Fg; Mizg; gj;jpuq;fs; (Share Warrants)
%ba epjpaq;fs; (Closed ended funds)
Kd;Dhpikg;

DEX- nlf;]; nfhLf;fy; thq;fy; Kiw


njhFjpf;fld;fs; (Debentures)
jpiwNrhp cz;bay;fs; (Treasury Bills)
jpiwNrhp Kwpfs; (Treasury Bonds)

gl;bay;fspd; tiffs;

gq;Ffs
;;;

fld;fs;;;

gpujhd
ngah;g; gyif

jphp rtp
ngah;g;gyif
gpujhd
ngah;g; gyif
,uz;lhk;ju
ngah;g;gyif

KjyPl;lhsh;fspd; tiffs;

ntspehl;L epWtdq;fs;
ntspehl;L jdpegh;fs;
cs;ehl;L epWtdq;fs;
cs;ehl;L jdpegh;fs;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

gq;Ffis gl;baypLtjw;fhd
gpujhd
Njitg;ghLfs;
ngah;g;gyif
jphp rtp ngah;g;gyif
Mff;Fiwe;j Fwpg;gplg;gl;l %yjdk;
&gh 500 kpy;ypad;

Mff;Fiwe;jFwpg;gplg;gl;l %yjdk; &gh 100


kpy;ypad;

03 tUlq;fs; njhlh;r;rpahf thpf;F gpe;jpa


,yhgk; cioj;jpUj;jy;

nghJkf;fsplk; Fiwe;jJ 10% gq;Ffs; fhzg;gly;


Ntz;Lk;

gl;baypLtjw;F tpz;zg;gpj;jjw;F Kd;ida 02


tUlq;fs; njhlh;r;rpahf NeHf;fzpa Njwpa
nrhj;jpidf; nfhz;bUj;jy; Ntz;Lk; (fzf;fha;T
nra;ag;gl;l epjpf;$w;Wf;fika)

gl;baypLtjw;F tpz;zg;gpj;jjw;F Kd;ida tUlk;


NeHf;fzpa Njwpa nrhj;jpidf; nfhz;bUj;jy;
Ntz;Lk; (fzf;fha;T nra;ag;gl;l epjpf;
$w;Wf;fika)

nghJkf;fsplk; Fiwe;jJ 25% gq;Ffs; fhzg;gly;


Ntz;Lk; mj;Jld;; Mff;Fiwe;jJ 100 gq;Fila 1000
gq;Fjhuh; MtJ ,Uj;jy; Ntz;Lk;

Mff;Fiwe;jJ 100 gq;Fila 100 gq;Fjhuh;


MtJ ,Uj;jy; Ntz;Lk;
gl;baypLtjw;F tpz;zg;gpj;jjw;F Kd;dH XU
tUlkhtJ nraw;gl;bUj;jy; Ntz;Lk;

fld;fUtpfis gl;bay;gLj;Jtjw;fhd
Njitg;ghLfs;
gpujhd ngah;g;gyif

,uz;lhk;ju ngah;g;gyif

tq;fp cj;juthjk;:

03
tUlq;fshtJ
tpahghuj;ij
nraw;gLj;jpapUj;jy;

my;yJ

mj;Jld;

KjyPl;Lj;ju fld;jug;gLj;jy;

fld; jug;gLj;jy; rhd;wp;jio


ngw;wpUj;jy; Ntz;Lk;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

gl;bay;gLj;Jtjw;fhd eilKiwfs;

mikg;G mftpjpia khw;wpaikj;jpy;


Kd;tpguzk; / mwpKfg;gLj;jy; Mtzj;ij jahupj;jy;
tpz;zg;gg;gbj;ij gpd;tUk; Mtzq;fSld; rkh;g;gpj;jy; Ntz;Lk;

cUthf;fy; gj;jpuj;jpd; gpujp


mikg;G mftpjpapd; gpujp
Muk;g tpz;zg;gg;gbtj;ij rkHg;gpg;gjw;F gzpg;ghsh; rig
Nkw;nfhz;l jPHkhdk;
Kd;tpguzk; / mwpKfg;gLj;jy; Mtzj;jpd; gpujp
gl;bay;gLj;Jtjw;fhd fl;lzq;fs;
Kd;tpguzk; / mwpKfg;gLj;jy; Mtzq;fspy; Fwpg;gpl;l Mtzq;fspd;
cWjpg;gLj;jg;gl;l gpujp
epahakhd tpiyapy; gq;Ffis toq;Ftjjw;;F gzpg;ghsh; rig
Nkw;nfhz;l jPHkhdk;

gl;baypLtjd; ed;ikfs;

%yjdj;ij jpul;Ltjw;fhd tha;g;G


,lh;fisg; gfpuf;$ba epiy
fk;gdpfspd; re;ijg; ngWkjpia mstplKbjy;
fk;gdpapd;; kjpg;gpid mjpfhpj;jy;
fk;gdpapd; MSifia Kd;Ndw;wKbjy;
epiyj;jpUf;Fk; jd;ik

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

KjyPL nra;Ak; NghJ ftdpf;fg;gl Ntz;ba


tplaq;fs;

Mgj;jpd; jd;ik
tpahghuj;jpd; jd;ik
tUkhdk;
ifkhw;wy; fpuak;
jputj;jd;ik
thp Cf;Ftpg;Gf;fs;
,yFj; jd;ik

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

gq;Ffspy; KjypLtjd; ed;ikfs;

%yjd yhgk; (Capital Gain)


gq;F yhgk; (Dividend)

,ilf;fhyg; gq;Fyhgk;
,Wjpg; gq;Fyhgk;

xJf;fq;fis %yjdkhf;fy; (Capitalisation of


Reserves)
chpikg; gq;F toq;fy; ( Right Issue)
Vidait

jputj;jd;ik
thpr;rYif- %yjdyhg thpr;rYif
gztPf;fj;jpd; jhf;fk; FiwT

fld;gj;jpuq;fspy; KjypLtjd; ed;ikfs;

mur gpizfs;
tl;b
%yjd

yhgk;
jputj;jd;ik
thpr;rYif
mur cj;juthjk;

fk;gdpfspd; gpizfs;
tl;b
%yjd

yhgk;
jputj;jd;ik
KjyPl;il gd;Kfg;gLj;Jtjw;fhd tha;g;G

gq;F KjyPl;by; fhzg;gLk; ,lh;fs;

%yjd el;lk;
cj;juthjk; ,y;iy - gq;F yhgk;
eilKiw mwptPd;ikahy; Vw;glf;$ba el;lq;fs;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

fld;gj;jpu KjyPl;by; fhzg;gLk;


,lh;fs;

mur gpizfs;
tl;b

tPj el;l mr;rk;


%yjd el;lk;

fk;gdpfspd; gpizfs;
tl;b

tPj el;l mr;rk;


nghWg;G kPwy; el;l mr;rk;
%yjd el;lk;

gq;Ffspd; tpiykhw;wj;ij jPh;khdpf;Fk;


fhuzpfs;

epWtdk;rhh; fhuzpfs;
re;ijg;

gq;fspg;G
gzpg;ghsh; rigapd; rf;jp
cw;gj;jpapd; tpiyAk; juKk;
cs;sPLfisg; ngw;Wf;nfhs;sf; $ba Mw;wy;

epWtdk;rhuh fhuzpfs;
nghUshjhuf;

fhuzpfs;
murpay; cWjpj;jd;ik
njhopy;Jiwapd; fth;r;rpj; jd;ik
,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

gq;F re;ijAld; njhlh;Gila


epWtdq;fs;

,yq;if gpizfs; ghpth;j;jid Mizf;FO (SEC)


nfhOk;G gq;F ghpth;j;jid epiyak; (CSE)
kj;jpa itg;G jpl;l (jdpahh;) fk;gdp (CDS)
gq;Fj;jufh;fs; (Stock Brokers)
gl;bayplg;gl;l fk;gdpfs; (Listed Companies)
myFg; nghWg;ghl;rp (Unit Trust)
nghWg;Gila tq;fpfs; (Custodian Banks)

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

,yq;if gpizfs; ghpth;j;jid Mizf;FO

,yq;ifg; gpizaq;fs; kw;Wk; ghpth;j;jid Mizf;FO


vd;gJ
,yq;ifapy;
gpizaq;fs;
re;ijapy;
Kiwikg;gLj;Jk; epWtdkhFk;. epahakhdJk; Kiwik
rhh;e;jJkhd gpizaq;fs; re;ijnahd;iw cUthf;Fjy;
kw;Wk; mjidg; guhkhpj;jy; Mfpa Nehf;fq;fis
mbg;gilahff;
nfhz;L
,e;
epWtdk;
cUthf;fg;gl;Ls;sJ.

Mizf;FOtpd; mq;fj;Jtk;
epakpf;fg;gLk; mq;fj;jth;fs;
kj;jpa tq;fp Msehpdhy; epakpf;fg;gLk; kj;jpa
tq;fpapd; gpujp MSeh; xUth; kw;Wk;
rl;lk;> epjp> th;j;jfk;> eph;thfk; Mfpa Jiw rhh;e;j
mDgtKk; rhkh;j;jpaKk; nfhz;lth;fs; vd epjp
mikr;rpdhy; fUjg;gLk; MWNgh;.
gjtptop epakdk; ngWk; mq;fj;jth;fs;
jpiwNrhpg; gpujpr; nrayhsh;
fk;gdpg; gjpthsh; ehafk;
,yq;ifg; gl;laf; fzf;fhsh; epWtfj;jpd; jiyth;

Mizf;FOtpd; Nehf;fq;fs;

xOq;fhdJk; epahakhdJkhd gpizfs; re;ijapid


cUthf;FjYk; eilKiwg;gLj;jYk;
KjyPl;lhsh;fis ghJfhj;jy;
el;l <l;L epjpaj;jpid eilKiwg; gLj;Jtjd; %yk;
gq;Fjufu; gq;F tu;j;jfu; Mfpatu;fshy; Vw; glf;$ba
nghWg;G kPwy; el;lj;jpypUe;J KjyPl;lhsh;fis
ghJfhj;jy;
gpizfs; re;ij xOq;FgLj;JtJld; njhopy;rhu; juj;jpid
njhlu;e;J NgZjy

Mizf;FOtpd; mjpfhuq;fSk;
njhopy;ghLfSk;
gq;F guptu;j;jid epiyaj;Jf;F mDkjpg;gj;jpuk;

toq;FjYk; mjd; rupahd njhopy;ghLfis cWjpg;gLj;jy;


gq;F jufu; kw;Wk; gq;F tzpfu;fSf;F mDkjpg;gj;jpuk;
toq;FjYk; mjd; rupahd njhopy;ghLfis cWjpg;gLj;jy;
myF nghWg;ghl;rp epWtdj;Jf;F mDkjpg;gj;jpuk;
toq;FjYk; mjd; rupahd njhopy;ghLfis cWjpg;gLj;jy;
re;ij ,ilaPl;lhsh;fSf;F gjpT rhd;wpjio toq;FtJld; mjd;
rupahd njhopy;ghLfis cWjpg;gLj;jy;

Mizf;FOtpd; mjpfhuq;fSk;
njhopy;ghLfSk;

gq;F guptu;j;jid epiyak;> gq;F jufu;> gq;F tzpfu;>


myF nghWg;ghl;rp epWtdk; kw;Wk; re;ij
,ilaPl;lhsh;fSf;F nghJ kw;Wk; tpNrl mwpTWj;jy;fis
toq;Fjy;

gq;F jufu; kw;Wk; gq;F tzpfu; vd;gth;fshy; Vw;glf;$ba


nghWg;G kpwy; el;lq;fSf;F el;l <l;bid toq;Fjy;

gpizfs; re;ijapd; mgptpUj;jpf;fhf murhq;fj;Jf;F MNyhrid


toq;Fjy;

Mizf;FOtpd; Ntiyfis nra;tjw;fhf mjpfhupfisAk;


Ntiyahl;fisAk; Ntiyf;F mku;j;Jjy;

gq;F guptu;j;jid epiyaj;jpy; gq;Ffis toq;Fjy; kw;Wk;


gl;bay; gLj;jy; vd;gtw;iw xOq;FgLj;jy;

nfhOk;G gq;F ghpth;j;jid epiyak;

nfhOk;Gg; gq;Fg; ghpkhw;wfk; fk;gdpfs; fl;lisr;


rl;lj;jpd; fPo; gjpTnra;ag;gl;l cj;juthjj;jhy;
nghWg;Gfs; tiuaWf;fg;gl;l fk;gdpahFk;

nfhOk;Gg; gq;Fg; ghpkhw;wfj;jpd; gzpg;ghsh;


rigahdJ 9 Ngiu cs;slf;fpajhFk;. ,jpy; 4 Ngh;
epjpaikr;rhpdhy; epakpf;fg;gLk; Ntis Vida 5
NgUk; juF epWtdq;fspd; gpujpepjpfshth;. xU
gzpg;ghsh; ,q;F jiytuhf epakpf;fg;gLthh ;.

nfhOk;G gq;F ghpth;j;jid


epiyaj;jpd;; fpisfs;

khj;jiw
fz;b
FUzhfiy
ePh;nfhOk;G
aho;g;ghzk;
`k;ghe;Njhl;il
mEuhjGu
,uj;jpdGup

nfhOk;Gg; gq;Fg; ghpkhw;wfj;jpd;


mq;fj;Jtk;
nfhOk;Gg; gq;Fg; ghpkhw;wfj;jpd;
mq;fj;jth;fshf fUjg;gLtJ gl;bayplg;gl;Ls;s
gpizaq;fspy; juFj; njhopy; Ghptjw;fhf
mDkjpg;gj;jpuk; ngw;w juF epWtdq;fshFk;

jw;NghJ nfhOk;Gg; gq;Fr; re;ijapy; 34 mq;fj;Jt


epWtdq;fs; fhzg;gLfpd;wd. ,jpy; 15 G+uz
mq;fj;jth;fSk; 19 tpahghu mq;fj;jth;fSk;
mlq;Fth.;

nfhOk;Gg; gq;Fg; ghpkhw;wfj;jpd;


njhopw;ghLfs;

fk;gdpfisg; gl;bay;;gLj;jy;
ATS & DEX Kiwfis eilKiwg;gLj;jy;
gl;bayplg;gl;l fk;gdpfis Nkw;ghHit nra;jy;
tpjpfis kPWk; fk;gdpfSf;F eltbf;if vLj;jy;
gq;Fr;re;ij njhlHghd tpopg;;GzHit
Vw;g;gLj;jy;

kj;jpa itg;G jpl;l (jdpahh;) fk;gdp (CDS)

kj;jpa itg;Gj; jpl;lkhdJ nfhOk;Gg; gq;Fg;


ghpkhw;wfj;jpy; nfhLf;fy; thq;fy; nra;ag;gLk;
gpizaq;fis itg;gpYLk; epWtdkhtJld;> gq;Fr;
re;ijapy; gpizaq;fs; kw;Wk; thbf;ifahsh;fisg;
gjpTnra;jy;> nfhLf;fy; thq;fy; jPh;tf eltbf;if
kw;Wk; nfhLf;fy; thq;fy;fisj; jPh;j;J itj;jy; Mfpa
gpujhd gzpfis epiwNtw;Wfpd;wJ.

kj;jpa itg;Gj; jpl;lj;jpd;


nraw;ghLfs;

thbf;ifahsiug; gjpT nra;jy;


gq;Ffis itg;gpyply;
gq;Ffis kPsg; ngWjy;
gq;F khw;wy;
jPh;j;J itj;jy;

gq;Fj; jufh;fs; (Stock Brokers)

nfhOk;Gg; gq;Fg; ghpkhw;wfj;jpd;


mq;fj;jth;fshf fUjg;gLtJ gl;bayplg;gl;Ls;s
gpizaq;fspy; juFj; njhopy; Ghptjw;fhf
mDkjpg;gj;jpuk; ngw;w juF epWtdq;fshFk;. juF
epWtdkhf gzpGhptjw;fhd mDkjpg;gj;jpuj;ij
,yq;if gpizaq;fs; kw;Wk; ghpth;j;jid Mizf;FONt
toq;Ffpd;wJ

gq;Fj; jufh;fspd; njhopw;ghLfs;

KjyPl;lhsH rhHgpy; gpizfisf; nfhs;tdT


kw;Wk; tpw;gid nra;jy;
KjyPl;L MNyhrid toq;Fjy;
Ma;T mwpf;iffisj; jahhpj;jy;

re;ij ,ilapl;lhsh;fs;

fld; jug;gLj;jy; Kfth;fs; (Credit Rating


Agencies)
KjyPl;L Kfhikahsh;fs; (Investment Managers)
vy;iy toq;Fdh;fs; (Margin Providers)
Xg;Guthsh;fs; (Under writers)
itg;gfq;fs;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

fld; jug;gLj;jy; Kfth;fs; (Credit Rating


Agencies)

fld; jug;gLj;jy; Kfth;fspdhy; fk;gdpnahd;wpd; fld;


gpizaq;fsJ fld; jfik (Credit Quality) njhlh;ghf jug;gLj;jy;
xd;W toq;fg;gLfpd;wJ.
fld; jug;gLj;jy; Kfth;fspdhy; gpizaq;fis toq;Fk;
fk;gdpfSf;F me;j gpizaq;fs; njhlh;ghf nrYj;Jtjw;F
xg;Gf;nfhz;l tl;b kw;Wk; KjyPl;bid nrYj;Jtjw;Fhpa rf;jp
kw;Wk; tpUg;gk; Mfpad jug;gLj;jg;gLk;.
jw;Nghijf;F Mizf;FOtpy; gjpTnra;ag;gl;L fUkkhw;Wk;
mj;jifa epWtdq;fs; %d;W ,yq;ifapy; cs;sd. mit Fitch
Nul;bq; (yq;fh) ypkpl;ll; , RAM Nul;bq; (yq;fh) ypkpl;ll;
kw;Wk; ICRAyq;fh ypkpl;ll; vd;gdthFk;

fld; jug;gLj;jy; FwpaPLfs;

AAA+,AAA,AAA- mjpAaH ghJfhg;G


AA+, AA, AAcaH ghJfhg;G
A+, A, ANghjpasT ghJfhg;G
BBB+, BBB, BBB- eLj;jug; ghJfhg;G
BB+, BB, BBMgj;J epiy
B+, B, BcaH Mgj;J epiy
C: mjpAaH Mgj;J epiy
D: jtWif

KjyPl;L Kfhikahsh;fs;

KjyPl;Lf; nfhs;iffis cUthf;Fjy;> KjyPl;L Ma;tpay;


kw;Wk; Njh;e;njLj;jy;> KjyPl;Lj; Njf;fnkhd;iw
cUthf;Fjy; kw;Wk; KjyPLfis Kfhikg;gLj;jy;>
KjyPL njhlh;ghd MNyhrid toq;Fjy; Mfpad
KjyPl;L Kfhikahshpdhy; Nkw;nfhs;sg;gLk;
eltbf;iffshFk;

vy;iyf; fld; toq;Feh;fs; (Margin


Providers)

vy;iyf; fld; (Margin Loan) toq;Feh;fs; vdf;


Fwpg;gpLtJ gpizaq;fis nfhs;tdT nra;tjw;fhf
KjyPl;lhsUf;F fld; toq;Fk; epWtdq;fshFk;

xg;Guthsh;fs; (Underwriters)

fk;gdpnahd;wpdhy; nghJkf;fSf;F gpizaq;fs;


toq;Fk;NghJ mg;gpizaq;fspy; nghJkf;fshy;
nfhs;tdT nra;ag;glhkypUf;Fk; vz;zpf;ifia
nfhs;tdT nra;tjw;F cld;gLk; epWtdj;ij
xg;Guthsh; vd;W $Wth;

jPh;tf ,y;yq;fs; (Clearing Houses)

jPh;tf ,y;yk; vdf; Fwpg;gpLtJ gpizaq;fspy;


itg;gfkhfTk; (Depository) gpizaq;fs; nfhLf;fy;
thq;fy;fisj; jPh;j;J itf;Fk; (Settlement) ,lkhfTk;
nraw;gLk; epWtdkhFk;

,yq;ifapy; gq;Fr; re;ijapy; gl;bayplg;gl;l


gpizaq;fs; njhlh;ghf jPh;tf ,y;ykhf nraw;gLtJ
kj;jpa itg;Gj; jpl;l (jdpahh;) fk;gdpahFk;

gq;F re;ij Rl;bfs;

midj;J gq;Ffs; tpiyr;Rl;b (ASI)


S&P SL20
nkhj;j tUkhd Rl;b
Jiwrhu; tpiyr;Rl;nlz;

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

midj;J gq;Ffs; tpiyr;Rl;b (ASI)

midj;J gq;F tpiyr; Rl;bia jahhpf;Fk;NghJ


nfhOk;Gg; gq;Fr; re;ijapy; gl;bayplg;gl;Ls;s
midj;J fk;gdpfsJk; re;ij Kjyhf;fk;
cs;slf;fg;gLtjdhy; ,yq;ifapd; gq;Fr; re;ijapd;
KOikahd tpiyfs; njhlh;ghf cs;s xNu mstPL ,e;jr;
Rl;bahFk;.

S&P SL 20

gq;Fr; re;ijapy; gl;bay; gLj;jg;gl;l


fk;gdpfSf;fpilapy; njupT nra;ag;gl;l
fk;gdpfs; 20,d; tpiykl;lj;jpy; Vw;gLk
jsg;gq;fisf; fhl;Lk; Rl;nlz; kpyq;fh
tpiyr;Rl;nlz;zhff; Fwpg;gplg;gLk;.
,e;jf;fk;gdpfs; 20 khjq;fs; 06f;F xUKiw
nfhOk;G gq;Fr; re;ijahy; jPUj;jk;
nra;ag;gLfpwJ

nkhj;j tUkhdr; Rl;bfs;

nkhj;j tUkhdr; Rl;bahdJ tpiy khw;wy;fs; kw;Wk;


gq;fpyhg tUkhdk; Mfpa ,U fhuzpfisAk;
mbg;gilahff; nfhz;L jahhpf;fg;gLfpd;wJ

ASPI
tpiyr;Rl;bf; fzpg;gPl;L Kiw
ASPI
elg;G re;ij %yjdkhf;fy;
mbahz;L re;ij %yjdkhf;fy;
(1985)

X 100

gq;F re;ij Rl;nlz;zpd; Kf;fpaj;Jtk;

KjyPl;;Lj; jPHkhdq;fis Nkw;nfhs;tjw;F


tpiy khw;wq;fis mwptjw;F
rpwe;j Jiwapid mwptjw;F
nka; tUkhdj;ij mwptjw;;F
cyfshtpa kl;lj;jpy; vkJ gq;Fr; re;ijia xg;gPL
nra;tjw;F
tuyhw;W hPjpahd Nghf;fpid mwptjw;F

nghUshjhu mgptpUj;jpf;F gq;Fr;re;ijapd;


gq;fspg;G

nkhj;j Njrpa cw;gj;jp mjpfhpg;G


Ntiytha;g;Gf;fs; mjpfhpj;jy;
tUkhdkl;lk; mjpfhpj;jy;
tUkhd Vw;wjho;Tfs; Fiwtiljy;
tho;f;ifj;juk; mjpfhpj;jy;

gq;Ff; ifkhw;wy; fpuak;


gq;Ff; ifkhw;wy; fpuak;
jufh;fSf;fhd fl;lzk;

50 M 50 M Nky;
fPo;(%)
(%)
0.640
(Mff; Fiwe;jJ -

(Mff; Fiwe;jJ Rs. 10)


gpizfs; gupkhw;W Mizf;FO n]];thp
nfhKk;G gq;Fg; ghpkhw;wf fl;lzk;
kj;jpa itg;Gj;jpl;lf;fl;lzk;
(Mff; Fiwe;jJ Rs. 5)
gq;Fg; ghpkhw;wj; jPHit
nkhj;jk;

0.2000)

0.072

0.0450

0.084
0.024

0.0525
0.0150

0.300
1.120

0.3000

Gjpa khw;wq;fs;

Gjpa fk;gdpfs; gl;bayplg;gl;lik


%yj;jpd; epd;W cUg; ngWk; fUtpfs;
(Derivatives)

,izaj;jsk; %ykhd nfhs;tdT/tpw;gidfs; mD$yq;fs;

KjyPl;lhsh;fSf;F $ba mjpfhuj;ij toq;Ffpd;wJ

mjpf jfty;fisg; ngw;Wf; nfhs;sKbAk;

re;ijj; jfty;fs;
fk;gdpj; jfty;fs;
fy;tprhH jfty;fs;

,ilaPl;lhsHfshy; Vw;glf;$ba gpzf;Ffis Fiwf;fKbjy;


KjyPl;lhsh;fSf;F ,yFthdjhfTk; Neuk; Nrkpg;gjhfTk;
fhzg;gly;

nrhe;j jPh;khdq;fis vLf;fKbjy;

24 kzpNeuKk; jfty;fisg; ngw;Wf; nfhs;sKbAk;

Nkyjpf jfty;fSf;F

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO


28 & 29 Mk; khb cyf th;j;jf ikak; (WTC)
fpof;F NfhGuk;
nfhOk;G-01
njhiyNgrp: 0112331013-6,0112439144-8
njhiyefy;: 0112439149
kpd;dQ;ry;: mail@sec.gov.lk
,izaj;jsk;: www.sec.gov.lk

,yq;ifg; gpizfs; ghpth;j;jid Mizf;FO

Fitch Ratings Lanka Ltd

AAA

Corporates

Banks

John Keells,
Sri Lanka Telecom,
Dialog Telekom

Citi Bank
National Savings Bank
HSBC

AA+
AA

Hayleys, Aitken Spence

Securitisation

Sri Lanka Insurance


Corp.

HDFC Home Loan


Trust 2005

Bank of Ceylon,
DFCC, NDB
DFCC Vardhana,
Sampath Bank, Hatton
National Bank

Singer (Sri Lanka)

Central Finance

Nations Trust Bank,


SMIB, HDFC,

A-

Seylan, Peoples Bank

BBB
+

Insurance

Commercial Bank

AA-

A+

Finance Companies

Hayleys MGT Knitting


Mills, DSI Holdings

Lanka ORIX Leasing

Peoples Leasing
Company Limited Trust
32
Senkadagala Finance

BBB

Singer Finance

BBB-

Pan Asia Bank

BB+

Union Bank

Senkadagala Finance
Trust

Ceylease Financial
Services

61

07/01/15

Past Papers 2008

rpWFwpg;G vOJf (2008)


gUtfhy gq;Ftoq;fy;
kpyq;fh tpiyr;Rl;b

nfhOk;G gq;Fr;re;ijapy; nfhLf;fy; thq;fy; nra;ag;gLk;


cgfuzq;fis ngahpLf (2008)
nfhOk;G gq;Fr;re;ijapy; gq;Ffisg; gl;baypLtjw;F
nghJf;fk;gdpfs; Nkw;nfhs;s Ntz;ba Kiwfis Fwpg;gpLf
(2008)
nfhOk;G gq;F ghpkhw;wfj;jpd; eltbf;iffis xOq;FgLj;Jk;
epWtdk; vJ? (2008)
chpik %yjdj;ij Fwpg;gpLtJ vJ?(2008)

Past Papers 2007

chpik %yjdj;ijAk; fld; %yjdj;ijAk; tpsf;Ff (2007)

Nkw; Fwpg;gpltw;Ws; nghUj;jkhdij njhpT nra;Ak;


jPh;khdj;jpy; nry;thf;F nrYj;Jk; fhuzpfs; vit? (2007)

nfhOk;G gq;Fr;re;ijapy; KjyPL nra;atpUk;Gk; xUtUf;F


fhzg;gLk; ,lh;fisAk; ed;ikfisAk; tpsf;Ff (2007)

tl;b tUkhdj;ij rk;ghjpf;fTk; cah;fhg;Gkl;lj;jpy;


jputj;jd;ikia NgzTk; ePh; gpd;tUk; %yq;fSs;
kpfg;nghUj;jkhdJ vJ? fhuzq;fisf;Fwpg;gpLf (2007)

jpiwNrhp cz;bay;fs; (Treasury Bills)


jpiwNrhp Kwpfs; (Treasury Bonds)

rhjhuz gq;Ffs;
myFg; nghWg;G

Past Papers 2007

gpd;tUtdk; fUtpfis toq;Fk; epWtdq;fisg; ngahpLf(2007)

rhjhuz gq;Ffs;

jpiwNrhp Kwpfs;

jhgd Kwpfs;

epWtdnkhd;wpd; cs;sf ntspaf epjpaply; Kiwfisf; Fwpg;gpLf


(2007)

nfhOk;G gq;Fr;re;ijapy; jPh;tf njhopw;ghLfs; kw;Wk; gq;Ffisg;


gjpT nra;Ak; njhopw;ghLfis Nkw;nfhs;Sk; epWtdk; vJ? (2007)

gq;F KjyPl;by; nkhj;jtUthia cUthf;Fk; $Wfs; vit?(2007)

nfhOk;G gq;Fr;re;ijapy; Jiwthhpahf rhjuzgq;F tpiykhw;wq;fis


Fwpf;Fk; Rl;b vJ? (2007)

Fwpj;j fk;gdpapdhy; Kjd;Kiwahf gq;Ffs; my;yJ njhFjpf;fld;fis


tpepNahfpj;jy; . vdg;gLk; (2007)

Past Papers 2006

rpWFwpg;G vOJf (2006)


OTC gyif
nkhj;j tUkhdr; Rl;b

tpiyr;Rl;b Vw;w jho;Tf;fhd fhuzq;fis tpsf;Ff (2006)

myFg;nghWg;ghl;rp epWtdj;jpy; KjyPL nra;tjd;


ed;ikfisf; Fwpg;gpLf (2006)

nfhOk;G gq;F ghpkhw;wfj;jpd; eltbf;iffis xOq;FgLj;Jk;


epWtdk; vJ? (2006)

Past Papers 2005

myFg;nghWg;ghl;rp epWtdj;jpy; KjyPL nra;tjd;


ed;ikfisf; Fwpg;gpLf (2005)

nfhOk;G gq;Fr;re;ijapy; gl;baypLtjw;F nghJf;fk;gdpfs;


Nkw;nfhs;s Ntz;ba eilKiwfis Fwpg;gpLf (2005)

kj;jpa itg;G Kiwikia tpsf;fp mjd; njhopw;ghLfisf;


Fwpg;gpLf? (2005)

fk;gdpapdhy; Kjd;Kiwahf gq;Ffs; tpepNahfpj;jy; (2005)

nfhOk;G gpizfs; ghpkhw;wfj;jpd; clikia nfhz;bUg;gJ


(2005)

Past Papers 2004

nkhj;j tUkhdr; Rl;b vd;why; vd;d? (2004)

nfhOk;G gq;Fr;re;ij vt;thW xOq;F Kiwg;gLj;jg;gl;Ls;sJ


vd;gjidAk; mjd; njhopw;ghLfisAk; tpsf;Ff (2004)

%yjdr ;re;ij vd;why; vd;d? mjd; fl;likg;ig vLj;J;fhl;Lf?


(2004)

kpyq;fh fk;gdpfspd; tpiykhw;wj;ij fhl;Lk; Rl;b


. vdg;gLk;. (2004)

Past Papers 2003

Kjyhk;jur; gq;Fr;re;ij ,uz;lhk;;jur; gq;Fr;re;ij NtWgLj;Jf

gq;Fr;re;ij tzpf epWtdq;Sf;F Gjpa %yjdj;ij toq;Ftjpy;iy ,f;


$w;wpid Vw;Wf; nfhs;fpd;wpuh? epahaq;fs; jUf