Sri Lanka’s Colombo Stock Exchange (CSE) is looking to launch a delivery verses payment (DVP) and risk management system by the middle of next year, Lanka Business Online reports. The new system will help minimize risk by ensuring both ownership transfer and payment for securities occur simultaneously.
The CSE has appointed India’s National Stock Exchange as consultant to implement the system for the settlement of all secondary market transactions in equity securities traded on the bourse. The release of a progressive risk management model will help modernize the CSE.
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