ASEAN KEY DESTINATIONS
S ET News 25/2013
March 19, 2013
Thai Clearing House accepts applications for new settlement banks
BANGKOK, March 19, 2013 – The Thailand Clearing House Co., Ltd. (TCH), under The Stock Exchange of Thailand (SET) group, announces that it is accepting applications for two new settlement banks to jointly expand the business and strengthen clearing and settling of securities in the Thai capital market in order to boost choices for clearing house members.
SET Senior Vice President and Head, Market Operation Division, Chanisa Chutipat, said that TCH was seeking two settlement banks to be intermediaries for clearing securities between broker members and TCH, one each for the securities and derivatives markets, on top of the current four for securities clearing and two for derivatives clearing.
“We are accepting applications for commercial banks with financial strength and modern technology which are ready to serve clearing house members effectively with a full range of services. We hope the new settlement banks can meet the various demands of the current 37 securities clearing members and 41 derivatives members and could inspire the existing settlement banks to improve their effectiveness, quality of service, and competitiveness. This underlines SET’s commitment to match the right financial opportunities for investors and business,” Chanisa said.
Commercial banks are invited to apply to the Post-trade Development Department from now until end-May 2013, visit www.thaiclearing.com, or call 0 2229-2882.
About settlement bank service
TCH’s role is to be the center of clearing and settling of securities traded on SET, Market for Alternative Investment (mai), Bond Electronic Exchange (BEX), and Thailand Futures Exchange pcl (TFEX), as well as securities traded on OTC markets for clearing members. Two methods of sending/receiving payment are as follows:
Send/Receive payment via settlement banks which are representatives of current members.
Settlement bank for securities clearing Settlement bank for derivatives clearing
Bangkok Bank pcl Krung Thai Bank pcl
Citibank, Bangkok branch Siam Commercial Bank pcl
Krung Thai Bank pcl
Siam Commercial Bank pcl
2 Send/Receive payment through the Bank of Thailand’s BAHTNET system.
Settlement date for equities is on the third day following the trading date (T+3) and for fixed-income instruments is on the second day following the trading date (T+2).
SET Group “Matching Your Right Financial Opportunities”
For more information, please contact S-E-T Call Center +66 (0) 2229 2222
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.:
Kanokwan Khemmalai, tel: +66 (0) 2229 2048 / Arada Kultawanich, tel: +66 (0) 2229 2796
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