Official Foreign Reserves Process

The Bank of Thailand Manages Its Foreign Exchange Reserves According to the Following Procedures

1. Executive committee consists of top executives and must include all the deputy governors. The committee has authority and accountability to set investment strategies, investment targets and plan to manage foreign reserves. Furthermore the executive committee sets guidelines to which the investment committee adheres.

2. Investment Committee is responsible for submitting proposals for the executive committee to approve. Such proposals include frameworks, investment benchmarks and risk management procedures. The committee also set guidelines in the selection of counterparties for all transactions. The committee also approves the asset universe as well as the investment strategies, procedures, rules and regulations so as to make the reserve management as efficient as possible.