Central Depository Systerm introduces online services
The Central Depository System (Pvt) Ltd (CDS), a fully owned
subsidiary of the Colombo Stock Exchange (CSE), on Thursday launched CDS
e-connect, a secure electronic business portal that offers an array of
online services to CDS account holders.
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The launch of CDS e-connect: From left - Chief Information
Officer Chandrakanth Jayasinghe, Chief Executive Officer
Rajeeva Bandaranaike, Chairman Vajira Kulatilaka, Chief
Operating Officer Renuke Wijayawardhane and Head of CDS
Nalin Fonseka. |
With CDS e-connect, account holders could access resources including
transaction details, portfolio reports and past monthly statements - in
real time and at the click of a button. For institutions such as margin
providers, the ability to manage multiple user accounts through a single
user ID is another key feature of this facility.
Chief Operating Officer, CSE, Renuke Wijayawardhane said, "Offering
convenience to investors remains a top priority for us, and in this
connection, we are pleased to launch this new online facility."
The technology for the e-connect service is provided by Millennium
Information Technologies (MIT) who are a part of the London Stock
Exchange Group. MIT are also the providers of the CDS system.
The introduction of e-connect means that the CDS now joins
depositories from around the world in offering electronic services to
account holders. Many peer depositories in the Asian region are
currently providing similar facilities.
Head of CDS, Nalin Fonseka said that while the introduction of this
new online facility offers value through many technological benefits, it
is also aimed at bridging the gap between the CDS and account holders.
"e-connect will take accessing of CDS account transaction details to
a new level because of the accessibility through personal computers," he
said.
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