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Thailand Securities Depository Co., Ltd. (TSD) board approved the extension of the monthly-fee exemption for all securities companies that utilize its Broker Operation Service in a bid to promote bond transactions and reduce costs born by securities companies in the bond market. Originally scheduled to end in 2007, the exemption has now been extended another two years, effective January 2008.
Ms. Sopawadee Lertmanaschai, TSD Chief Executive Officer, revealed that, on May 24, the TSD Board of Directors had agreed to extend the exemption of the THB 20,000 monthly fee from January 2008 to December 2009.
“TSD has been offering the Broker Operation Service to securities companies since 2003, and to promote bond trading the monthly fee has always been waived and no entry fee has ever been imposed. With the monthly-fee exemption scheduled to expire in December 2007, the Board has now agreed to a two-year extension to provide continued support and to help reduce transaction costs incurred from bond trading to encourage all securities companies to trade more bonds”, said Ms. Sopawadee.
At present, there are eight securities companies eligible for the extended fee exemption. They are ACL Securities Co. Ltd. (ACLS), Asia Plus Securities PCL (ASP), Ayudhaya Securities PCL (AYS), Capital Nomura Securities PCL (CNS), Kim Eng Securities (Thailand) PCL (KEST), Kiatnakin Securities Co. Ltd. (KKS), Phillip Securities (Thailand) PCL (PST), and SCB Securities Co. Ltd. (SCBS).
Meanwhile, TSD will continue to collect a fee from securities companies for document issuance that are in-line with similar rates charged for similar services on the capital market.
