Authorized Juristic Person
Authorized Juristic Person means commercial banks and juristic persons established by specific law and authorized to transact business relating to foreign means of payment.
Treasury Center (TC) means a company registered in Thailand that is authorized to manage foreign currency for its conglomerate group both in Thailand and overseas. The scopes of TC management are as followed:
- Purchase of obligations or invoices and acting as agents in paying or receiving fund
- Netting of income or obligations
- Purchase, sales, or exchange of foreign currencies and management of exchange rate risk
- Management of liquidity