Thailand Securities Depository Company (TSD), a subsidiary of the Stock Exchange of Thailand (SET), will join the fixed-income registration business to support securities companies competing with foreign brokers in Asean.
Currently, TSD has three main businesses including settlement and clearing services, a depository, and registration for equity and derivatives. In the fourth quarter, the company entered the fixed-income market by offering a scripless depository service for government saving bonds worth a total of 80 billion baht.
"The entry into the fixed-income market will aid our brokers' ability to compete within the Asean Economic Community, and we are also using the SET's existing infrastructure more efficiently," said Chanisa Chutipat, the SET's senior vice-president and head of Market Operation Division.
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