Sri Lanka's settlement systems implemented

LogicaCMG has announced that it has successfully implemented the Real Time Gross Settlement (RTGS) System and the Scripless Securities Settlement (SSS) System for the Central Bank of Sri Lanka (CBSL).

The overall system will enable banks and financial institutions to make secure, high-value, inter-bank payments virtually instantaneously across the country, and also to settle government securities in real-time.

CBSL is now in a position to be competitive in the global market and attract more int