The Colombo Stock Exchange has Appoint the National Stock Exchange of India (NSE) to act as a Consultant for the Implementation of a risk Management system and Delivery versus Payment (DVP) System for the settlement in Secondary Market Transactions in Equity Securities traded.

The Delivery versus Payment (DVP) System is where the both ownership transfer and Payment for securities will occur simultaneously, this will be minimizing the risk of post trade risk mitigation and improve the size and liquidity of CSE.

The Delivery versus Payment (DVP) System is expected to Completed in Mid of 2012.

Definition of Delivery versus Payment (DVP) System: a Link Between a securities transfer system and a funds transfer system that ensures that delivery occurs if, and only if, Payment occurs.

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