After four years of development, Thailand Securities Depository Co., Ltd. (TSD) now (from October 22 on) provides post-trade services on its Post-Trade Integration (PTI) system. With the PTI system, equity depository, clearing and settlement and registrar operations are automatically linked. The infrastructure boosts service efficiency and, as it meets international standards, can handle overseas connections.
“TSD’s program has involved system development, technology selection, training and three times of industry-wide testing with 88 securities and custodian firms. The project, which began in 2003, has produced essential infrastructure for the capital market - able to cope with a turbulent and complicated business environment. The integration of post-trade services will boost efficiency by cutting work processes, time and expense,” TSD Chief Executive Officer Ms. Sopawadee Lertmanaschai said.
Securities and custodian firms that are direct users of the PTI system will have access to real-time information and features which will can efficiently and automatically cope with system-to-system connection among brokers. Furthermore, listed companies that use TSD’s securities registrar service will receive quicker and better service because using the internet slashes paperwork, handling and time.
“The PTI system is a major achievement for TSD, and is due to the perseverance and cooperation of many related parties. The depository will continue to improve the system, so as to make it more comprehensive and beneficial for all concerned,” Ms. Sopawadee concluded.
