Depositary Corporations, for example, commercial banks, specialized financial institutions (SFIs), saving cooperatives and credit unions, and money market mutual funds, etc.
Commercial bank business serves as the main intermediary that allocate funds from depositors and loan out to household and business sectors. Commercial bank business can be categorized to many different forms, namely commercial banks (universal banking), retail banks, foreign commercial bank’s subsidiary and foreign commercial bank’s branch. The aforementioned forms of commercial bank business are registered under the Financial Institutions Business Act B.E. 2551 (2008) and supervised by the BOT.
Specialized Financial Institutions (SFI) are established with specific laws, whose objectives are to serve the government policies in promoting economic development and supporting investment. Examples of such institutions are Bank for Agriculture and Agricultural Cooperatives (BAAC), Government Saving Banks (GSB), Government Housing Banks (GHB), and Export-Import Bank of Thailand (EXIM), etc.
The SFIs are under the supervision of the Ministry of Finance and are established in accordance with the Bank for Agriculture and Agricultural Cooperatives Act, B.E. 2509 and amended, the Government Saving Banks Act, B.E. 2489 and amended, the Government Housing Banks Act, B.E. 2496 and amended and the Export-Import Bank of Thailand Act, B.E. 2536 and amended, respectively.
Saving Cooperative and Credit Union established on voluntary basis by members that generally consists of people with the common bond. The contributed funds will be loaned out to support other members who are in need of money. The benefit gained from permitting loans will be contributed to members in the form of interest rate, dividend, or other benefits, etc.
Saving Cooperative and Credit Union is under the supervision of the Board of National Cooperative Development in accordance with The Cooperatives Act, B.E. 2542.
Money market mutual fund is a type of mutual fund that mainly invests in bank deposits, short term debt with the repayment period of not exceeding 1 year (i.e. Treasury bills, Bill of exchange, Promissory notes) or Government bonds and corporate debentures with the repayment period of not exceeding 1 year. Furthermore, such mutual fund is open-end fund with the portfolio duration of not more than 3 months.
The money market mutual fund is under the supervision of the Securities and Exchange Commission in accordance with The Securities and Exchange Act, B.E.2535 and amended.