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152 Annual Report 2012
Thailand Clearing House Co., Ltd.
Thailand Clearing House Co., Ltd. (TCH), a subsidiary of The Stock Exchange of Thailand (SET), was established in
August 9, 2004 to clear and settle derivatives trades. On February 15, 2010, SET transferred the Securities Clearing and
Settlement Unit from Thailand Securities Depository Co., Ltd. (TSD) to TCH. At present, TCH’s service is being the center for
clearing and settling of securities traded on SET, mai, BEX, TFEX, and bonds traded on the OTC markets. Thus, there is a clear
separation of operations and management between TCH and TSD, reducing the cost of managing risk and placing collateral,
thus bringing the Thai capital market’s post-trade services to be more in line with international standards.
Operations
TCH’s most important role is to be the center of clearing and settling financial products in the Thai capital market by
being the central counterparty and guaranteeing the clearing and settlement of every transaction made on the markets men-
tioned above, thus reducing risks, building confidence among all market participants that the clearing and settlement system
will operate as planned, and promote Thai capital market development in the long-term.
Registered capital and organizational management
TCH has a total registered capital of THB 100 million, with the SET holding 99.99% of total registered capital.
Board of Directors
Charamporn Jotikasthira Chairman
Chanisa Chutipat Member
Kesara Manchusree Member
Pakorn Peetathawatchai Member
Sakkarin Ruamrangsri Member
Udomwara Dechsongjarus Member