Delivery vs Payment (DVP) System is an important change to the Sri Lankan Equity Market and will uplift the CSE to be on-par with regional Markets and also, elevate Sri Lanka to an Emerging Market status.
DVP is an efficient system that will not impact investors’ credit, day trading, and cost of trading, settlement will still be on T+3.
Additionally, this globally accepted practice will minimize settlement risk and strengthen the overall credibility and integrity of the CSE, making the Sri Lankan Equity market attractive to Foreign Investors.
The change will mainly be between the Stockbroker Backoffice system and the CSE and, will hopefully be implemented by end of July 2021.
Watch Jaliya Wijeratne CEO of First Capital Equities and President Colombo Stock Brokers Association together with officials from the Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange answer questions sent by the investor community.
If you have any questions or concerns regarding the implementation of DVP, please email firstname.lastname@example.org