Standard Chartered Appointed Settlement Bank for Thai CCP

The Thailand Clearing House (TCH), a central counterparty (CCP) has selected Standard Chartered Bank as a settlement bank for Thailand’s securities market.
By Joe Parsons(2147488729)
The Thailand Clearing House (TCH), a central counterparty (CCP) has selected Standard Chartered Bank as a settlement bank for Thailand’s securities market.

It became the fifth settlement bank in Thailand in order to help strengthen the clearing and settlement process for the Thai capital market.

“Standard Chartered is delighted to be appointed by TCH as an international bank partner to support local and cross-border trade settlements,” says Lyn Kok, president and CEO, Thailand and Greater Mekong, Standard Chartered Bank.

“We are committed to using our resources to support TCH, brokers and investors to embrace opportunities in Thailand.”

The TCH is currently in the process of implementing a new settlement and depositary system to be launched later this year.

«