Thai Exchange Launches New Clearing and Depository Systems

The Stock Exchange of Thailand (SET) has rolled out its new clearing and depository systems, which went live on Monday.

The new changes will meet the growing interest from investors in Thailand’s capital markets, in which the new engine will enhance overall straight-through-processing (STP) in the market, risk management and increase operational efficiencies.

The clearing system has been integrated onto one single platform to accommodate both equities and derivatives. It also includes a pre-settlement matching solution between members and custodians.

The Thailand Securities Depository (TSD) will also adopt the STP system, and will facilitate transactions for securities borrowing and lending.

“Thai bourse will adopt the new systems on August 24 after working closely with securities firms, custodians and depository members, as well as completing several tests to ensure smooth and seamless migration and implementation,” says Bordin Unakul, executive vice president, SET. “Significantly, this is to make sure that the implementation won’t be affected investors.”