The introduction of Delivery Versus Payment (DVP) is the most meaningful change to the Colombo Stock Exchange (CSE) trading infrastructure in several decades. The CSE implemented the DVP Settlement mechanism as scheduled on 16th August 2021. The DVP mechanism was implemented pursuant to extensive testing and industry-wide mock runs being carried out over a period of 7 months, involving Broker Systems. However, on Monday 16th August 2021, one external Broker System Vendor had technical difficulties connecting to the CSE’s Trading System, resulting in a delay of pre-open session. Today (Tuesday 17th August 2021), the CSE observed certain inconsistencies in the client securities balances of a particular Broker System Vendor.

Source: The Nation August 17, 2021 12:00 UTC