SET backs Asco's scheme for higher margin loan collateral | Bangkok Post: business

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SET backs Asco's scheme for higher margin loan collateral

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The Stock Exchange of Thailand supports an idea by the Association of Securities Companies (Asco) to raise the collateral value for margin loans to 20% from 15% to clamp down on speculation in the bourse. 

With a stock market in free fall, volatile capital flows and some negative factors affecting the local market, the SET agrees with a higher rate, noting several other countries require 25% collateral.

The Thai bourse has surged almost 10% this year, although it has taken a nosedive of 4.29% the past four sessions to close at 1,529.52 points yesterday in trade worth 61.9 billion baht.

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