Sri Lanka’s CSE to launch new online services through CDS e-connect

Aug 02, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange is to launch a range of new online services for CDS account holders through their new website cdseconnect.lk this week. The introduction of e-connect means that the CSE now joins exchanges from around the world in offering electronic services to depository account holders.

With CDS e-connect, account holders have the ability to access resources including transaction details, portfolio reports and past monthly statements – in real time and at the click of a button. Head of CDS, Nalin Fonseka recently said they are looking forward to introduce a fully-fledged electronic IPO and voting system during this year. Fonseka said the CDS is upgrading the investor account opening process and the initiative will decentralize the account opening process and enable broker firms to open client accounts from their offices without sending the documents to the CDS.

The breakthrough for CDS was made in 1991 when it was established by the CSE and 2016 marks a corporate milestone for the CDS, as it is the 25th year of operation since inception.