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Thailand Securities Depository to speed up settlement cycle.

Bangkok Post (Bangkok, Thailand)

| January 05, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Ploy Chitsomboon

Jan. 5--The Thailand Securities Depository expects to accelerate the clearing and settlement cycle by one day within the third quarter of 2005.

Reducing the settlement cycle from T+3 to T+2 (two days after the transaction) is a key goal under the clearing house's strategic plan to help strengthen its services.

TSD president Nongram Wongwanich said the organisation also was moving towards improving the efficiency of the clearing cycle and strengthening its range of post-trade services for the Thai capital market, using international best practices and technology.

"Everything is in progress, and we expect to ...

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