In a strategic move to enhance Sri Lanka’s capital market infrastructure, Central Depository Systems (Pvt) Limited (CDS) has partnered with Sampath Bank PLC to introduce a streamlined dividend disbursement solution for listed companies on the Colombo Stock Exchange (CSE). The collaboration is designed to simplify the dividend pay-out process, reducing administrative challenges for companies and improving efficiency for investors.
Partnership Highlights
Through a service agreement, Sampath Bank will provide its Total Dividend Solution via the Cash Management Suite under Transaction Banking, enabling the CDS to offer seamless dividend management for its clients. Key features include:
- Electronic Fund Transfers for quicker and error-free transactions.
- Cheque Processing and other customized options for flexibility.
- Reduced Administrative Burden for companies, enabling them to focus on core operations.
Leadership Insights
Rajeeva Bandaranaike, CEO of the Colombo Stock Exchange, highlighted the value of the partnership:
“This partnership provides a modern and efficient solution for listed companies and shareholders. Shareholders will benefit from quicker, direct transfers, minimizing delays and errors. This sets a new benchmark for dividend distribution in Sri Lanka.”
Ayodhya Iddawela Perera, Managing Director of Sampath Bank, added:
“We are proud to partner with CDS to offer a seamless dividend pay-out solution. Together, we will enhance the experience for listed companies and their investors, driving growth within the financial ecosystem.”
Impact on the Financial Ecosystem
This initiative reflects CDS's commitment to modernizing Sri Lanka’s capital market operations. By integrating advanced solutions from Sampath Bank, the collaboration strengthens investor relations, promotes corporate transparency, and bolsters operational efficiency.
As the capital market evolves, the partnership between CDS and Sampath Bank is poised to play a pivotal role in fostering growth and trust within Sri Lanka’s financial sector.
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