This is a ground-breaking initiative launched with the approval of the Securities and Exchange Commission of Sri Lanka (SEC). The Clearing Company will act as a Central Counterparty to guarantee settlement of Equity and Corporate Debt securities traded on the CSE to address a key risk prevalent in the Colombo Stock Market.

At present, for equity securities, the delivery of shares from the seller to the buyer occurs immediately upon execution of the share transaction while the fund settlement to the seller takes place only after three market days from the transaction date (T+3).