Sri Lanka, Aug. 13 -- The Colombo Stock Exchange (CSE) in its plan to implement a Delivery Vs. Payment mechanism is considering appointing an additional settlement bank to facilitate the process at the Central Depository System (CDS).

The proposed settlement system looks to reduce the counterparty risk associated with the current system. The current system allows market participants 3 days from transaction to make settlement while they receive the shares immediately.

The Stock Exchange is implementing a system that will allow traders to take buy or sell positions on securities. Market participants will be able to speculate on equity and debt securities without having them in their portfolio. This will be done through the removal of link...