Freeze/freeze removal of debt securities​

There are two cases where debt securities are frozen:

     1. Debt 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.

     2. 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.​


 

Item Detail
1. Forms

-
2. Required documents

1) A letter issued by the party that accepts collateral (government entity or public organization)
2) A copy of certificate of debt securities (if any) or complete information of debt securities identified in the letter submitted to the BOT
3. Fee

None
4. Contact procedure

Submit a letter to the BOT
5. Additional note

1) If the party that accepts collateral requires written certification of the debt securities, the party that places collateral has to request the BOT (as a registrar) to issue the certification, and then delivers it together with the certificate of debt securities to the party that accepts collateral.
2) If the debt security is owned by minor, the party that places collateral has to ask the court for permission.
6. Contact us
Bond Division, Bank of Thailand     
273 Samsen Road, Watsamphraya, Phra Nakhon District, Bangkok 10200
Tel. 1213
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