Freeze/freeze removal of debt securities
There are two cases where debt securities are
securities placed as collateral: the party that places collateral delivers debt
securities to the party that accepts collateral. The party that accepts
collateral (government entity or public organization) submits a letter to the
BOT requesting to freeze the debt securities. Upon the end of contract period,
the party that accepts collateral submits a letter to the BOT requesting to
release the debt securities.
Debt securities freeze due to lawsuits: court, official receiver,
the Legal Execution Department, or any entity that can legally freeze assets can
freeze debt securities by submitting a letter to the BOT requesting to freeze
the debt securities and interest. The BOT will record the freeze and submit a
letter informing the entity that has requested debt securities freeze until
further notice in writing by such entity.