“Clearing and settlement of bonds will be made on the second business day after the transaction date (T+2), or earlier. Therefore there’s little chance of default risk, so it is only logical to dispense with this prerequisite,” Executive Vice President of SET, Ms. Patareeya Benjapolchai, who is also BOG Secretary said.
The Bond Electronic Exchange (BEX) had proposed that the scheme be considered at the SET members’ general meeting on April 5, 2006. No member companies have objected to the decision.
