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Guidelines for Financial Institution

Title File
Relaxation of Rules under the Measures to Prevent Thai Baht Speculation (1 April 2020) Updated 19 January 2021
Summary of Regulations on the Measures to Prevent Thai Baht Speculation (Eng Version) (updated at 5 January 2021)

    Related BOT's Circulars

    Number Date Title File
    BOT.FPD.(21) C. 4/2564
    5 Jan 21 Relaxation of Measure to Prevent Thai Baht Speculation for Non-resident Qualified Company (NRQC) (Thai Version)
    BOT.FPD.(21) C. 3/2564
    5 Jan 21 Change in Outstanding Balance Limits of Thai Baht Liquidity Provided by Onshore Financial Institutions Without Underlying Under the Measure to Prevent Thai Baht Speculation (Thai Version)
    BOT.FPD.(21) C. 1035/2562
    12 Jul 19 Change in Outstanding Balance Limits of Non-Resident Baht Accounts Under the Measure to Prevent Thai Baht Speculation (Thai Version)
    BOT.FPD.(21) C. 856/2560
    2 Jun 17 Changes on Reporting Requirement under Measures to Prevent Thai Baht Speculation for Bank and Finance Company (Thai Version)
    BOT.FPD.(21) C. 857/2560
    2 Jun 17 Reporting Requirement under Measures to Prevent Thai Baht Speculation for securities company (Thai Version)
    BOT.FPD.(21) C. 834/2560
    31 May 17 Changes on Guidelines under Measures to Prevent Thai Baht Speculation (Thai Version)
    BOT.ECD(23) C.1601/2553
    20 Oct 10 Seeking Cooperation for Compliance with Measures to Prevent Thai Baht Speculation (Securities Company)
    BOT.ECD (02) C.1604/2549
    6 Nov 06 Reporting Requirement under Measures to Prevent Thai Baht Speculation (Thai Version)
    ​

    Objectives  


         To maintain the Thai Baht stability by limiting financial institutions from undertaking transactions in Thai Baht with non-residents without trade and investment in Thailand as underlying 

    Measures to prevent Thai baht speculation comprise four sub-measures


    1. Measures to Limit Thai Baht Liquidity

         General rule : Domestic Financial Institutions are limited to provide Thai Baht Liquidity to Nonresident in the case of transaction undertaken without underlyings , the total outstanding balance executed by each financial institution shall not exceed 200 million Baht per group of Nonresident

    2. Measures to Curb Capital Inflows

         General rule : Domestic Financial Institutions are limited to borrow Thai borrowing or undertake transactions comparable to Thai Baht borrowing from NRs in the case of transaction undertaken without underlyings , the total outstanding balance executed by each financial institution shall not exceed 10 million Baht per group of Nonresident

    3. Measures on NRBA account and NRBS account

         ​General rule : NRBA account and NRBS account are limited  the outstanding balance at the end of each day not exceed 200 million Baht per Nonresident which included balances of all accounts opened by each Nonresident with all domestic financial institutions in Thailand and  domestic Financial Institutions refrain from paying interests to each account except opening NRBA account as fixed account with maturities of 6 months or over.

    4. Measures on Non-Deliverable Forward (NDF)

         General rule : Domestic Financial Institution are not allowed  to undertake NDF transactions against Thai Baht with Nonresidents
    ​
     

    Definition of Non-resident (NR) 

    ​
         ​"Non-resident (NR)" means

    1.  Corporations, institutions, funds, financial institutions or juristic persons located outside Thailand

    2.  Entities of foreign governments located outside Thailand​

    3.  Branches and agents of domestic juristic persons located outside Thailand

    4.  Natural persons not of Thai nationalities and not having alien identity or residence permits.

         ​However, non-residents exclude:

    1.  Thai embassies, Thai consulates or other entities of Thai government located outside Thailand

    2.  Foreign embassies, foreign consulates, specialized agencies of the United Nations, international organizations or institutions (both financial and non-financial) located in Thailand

    3.  Branches and agents of foreign juristic persons located in Thailand​
    Update : 5 January 2021
    ​
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