CDS diversifies its service offerings

Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) has recently diversified its service offerings. Globally, the traditional role of Depositories is advancing to achieve more customer-centricity, by offering new services and leveraging on technology.

Fronted on the same purpose, CDS in Sri Lanka has diversified on different ends over their evolution.

Currently CDS’s key role can be identified as the custodian for listed company account holders and as a liquidity provider. The same has endorsed investor confidence in terms of the number of accounts, the quantity in custody and the value of securities held at the Depository.

Maintaining a data base of this magnitude is a challenging yet a crucial role for the sustainment of the stock exchange. But with an extensive experience of three-decades in serving the capital market and being ranked as the first in the Asia Pacific region and the seventh globally, CDS has placed themselves in a globally renowned disposition. CDS is equipped with the capability and the capacity to serve the industry in its present magnitude and to successfully support its prospective expansion.