Share trade settlement stalled by CDBL breakdown
Tuesday, 28 October 2014
Settlement of Monday's share transactions on the Central Depository Bangladesh Limited (CDBL) halted for long due to technical glitches, officials said.
According to CDBL officials, technical disruption was observed when they started the settlement job at around 4:30 pm after the day's trading in stocks.
"Depository participants were not able to reach us after the closing of day's trading session. That's why we are yet to start the settlement job of share transactions," said Shuvra Kanti Choudhury, Deputy Managing Director of the CDBL.
Mr. Choudhury said the CDBL officials and technical persons were trying their best to restore the workable systems after the breakdown for completing the day's settlement.
"We hope the system will be restored soon and we will be able to execute the settlement anytime on Monday night," Choudhury added.
The CDBL officials and technical persons had been working to restore their systems till this report was filed at 8.30 pm.