Definition
Depositing debt securities with the Thailand Securities Depository (TSD) is the process in which the holder of debt securities in scrip form deposits the securities to hold in scripless form.
Benefits
1. Facilitate debt securities trading in both delivery and payment.2. Eliminate problems of securities keeping in terms of place, safety and finding.3. Eliminate problems of lost, damaged or counterfeit securities. 4. Help the government reduce cost of issuing scrip securities.
1. Facilitate debt securities trading in both delivery and payment.
2. Eliminate problems of securities keeping in terms of place, safety and finding.
3. Eliminate problems of lost, damaged or counterfeit securities.
4. Help the government reduce cost of issuing scrip securities.
Procedures
1. The holder contacts TSD (participant) in order to open a security account.2. The holder submits a deposit request form along with a certificate of debt security to the TSD participant that he/she has a security account with.3. The holder can request information about his/her deposited security by contacting the TSD participant that he/she has a security account with.
1. The holder contacts TSD (participant) in order to open a security account.
2. The holder submits a deposit request form along with a certificate of debt security to the TSD participant that he/she has a security account with.
3. The holder can request information about his/her deposited security by contacting the TSD participant that he/she has a security account with.
Fees
1. The holders may have to pay a fee to the TSD participant.2. TSD participant has to pay a fee to the BOT at the rate of 10 Bath per transaction (in a case of deposit via the Bank of Thailand only).
1. The holders may have to pay a fee to the TSD participant.
2. TSD participant has to pay a fee to the BOT at the rate of 10 Bath per transaction (in a case of deposit via the Bank of Thailand only).
Withdrawing debt securities from the Thailand Securities Depository (TSD) is the process in which the holder of scripless debt securities withdraws the securities to hold in scrip form.
1. Debt securities held in scrip form can be used as collateral or pledged with financial institutions or government entities.2. Holders feel confident to hold scrip securities because they have certificates as evidence.
1. Debt securities held in scrip form can be used as collateral or pledged with financial institutions or government entities.
2. Holders feel confident to hold scrip securities because they have certificates as evidence.
1. The holder of scripless securities contacts a custodian to request for a securities certificate.2. The holder submits a request for a certificate of securities to the custodian.3. The custodian submits documents to the TSD which will send documents further to the Bank of Thailand to issue a certificate.
1. The holder of scripless securities contacts a custodian to request for a securities certificate.
2. The holder submits a request for a certificate of securities to the custodian.
3. The custodian submits documents to the TSD which will send documents further to the Bank of Thailand to issue a certificate.
1. The holder pays a fee to the custodian.2. The custodian pays a fee to the BOT at the rate of 20 Baht per certificate (in case of individual) or 100 Baht (in case of juristic person).
1. The holder pays a fee to the custodian.
2. The custodian pays a fee to the BOT at the rate of 20 Baht per certificate (in case of individual) or 100 Baht (in case of juristic person).
Bond Service Team
Tel. 0-0283-6344