Central Banking

Sri Lanka finalising scripless settlement system

The Central Bank of Sri Lanka is in the process of finalising the details of a scripless securities settlement system to be implemented next September, a central bank official said Tuesday.

The central bank has already started a pilot project for the system, which will cover stocks and government securities trading, Ranee Jayamaha, the project's chairman said at a primary dealers' conference in Colombo.

Trials were conducted last year for the scripless trading of securities but implementation

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