Types of Foreign Exchange Licenses
To ensure compliance with the Exchange Control Law, all foreign exchange transactions including purchase, sale, exchange or transfer of foreign currencies are required to be conducted with the persons who are granted foreign exchange licenses by the Minister of Finance.
Authorized Juristic Persons
Commercial banks and specialized financial institutions (SFIs) authorized to conduct all types of foreign exchange transactions, including purchase, sale, deposit, withdrawal and transfers of foreign currencies as well as lending in foreign currencies to their customers.
Authorized Money Changers
Non-bank companies authorized to conduct the business relating to buying and selling foreign currency banknotes.
Authorized Money Transfer Agents
Non-bank companies authorized to conduct cross border transfer business.
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Treasury Center
Non-bank companies authorized to manage foreign currency for their affiliated companies in Thailand and overseas under the following scopes;
1. Re-invoicing and acting as agents in paying or receiving funds
2. Netting of income or obligations
3. Purchase, sales, or exchange of foreign currencies and management of exchange rate risk
4. Liquidity management
Authorized Companies
Non-bank companies authorized to conduct the business relating to buying and selling traveler’s cheques.
Foreign Exchange Brokers
Non-bank companies authorized to provide matching of customers’ foreign exchange purchase and sale transactions.
Authorized Securities Companies
Securities companies authorized to conduct the business relating to purchase, sale or exchange of foreign currencies relating to investment in overseas securities and derivatives.
Foreign Exchange E-Money Operators
Non-bank companies authorized to undertake the business relating to purchase and sale of foreign currencies in the form of e-money for payment of cross-border goods and services.
Currency Futures Operators
Companies authorized to conduct the business relating to derivatives linked to the exchange rates, consisting of (1) derivative exchanges (2) clearing houses and (3) derivative brokers.
