Thai Depository to Integrate Equity and Derivatives into One Clearing House
At 12 Feb 2008 04:53:50 in A-Team Free, AMIT-Derivatives, AMIT-News in Brief, AMIT-Trade Settlement, AsiaMarketsIT.com, Delivery Terms
Thailand Securities Depository’s (TSD’s) board of directors has approved in principle a move to transfer its clearing and settlement unit to a subsidiary, Thailand Clearing House (TCH), and so create one integrated clearing house for a variety of financial instruments. This initiative, to be completed in 2009, is designed to reduce operational costs and make risk management measures more efficient. Currently, TCH handles derivatives clearing only. “The integration will produce a more appropriate fee structure and bring services into line with international standards,” TSD chief executive officer Sopawadee Lertmanaschai says.










