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(From The Nation (Thailand))
Byline: The Nation.
The long-planned speed-up of the stock settlement process is likely to take place in the first half of next year.
"The change in stock settlement time from three trading days [T+3] after orders are matched to two days [T+2] will help sellers receive their money faster. Also, this will help increase liquidity in trading volume," Sopawadee Lertmanuschai, president of the Thailand Securities Depository (TSD), said yesterday.
The shorter settlement period was due to start in June of last year but the lack of readiness of brokers' trading systems and investor understanding has delayed …