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• Developing third-party clearing
SET has placed importance on developing clearing house services to promote capabilities of brokers which are members of
the clearing house. It has thus allowed the clearing members to carry out clearing and settlement obligations on behalf of other
securities companies, or the so-called third-party clearing (TPC).
In 2012, SET extended TPC execution for the give-up/take-up arrangement, enabling non-clearing members to outsource
clearing and settlement to more than one clearing member in order to reduce the risk of clearing and settlement by distributing
transactions to more than one party. In addition, investors could reduce costs, as they can centralize clearing and settlement of all
of their transactions through only one broker. This extended TPC started operations in October last year. In 2013, SET will develop
TPC continuously by improving regulations and related work systems to enable commercial banks to provide TPC service as well.
• Providing foreign securities depository services
In 2012, TSD expanded the scope of post-trade services to cope with foreign securities. In the start-up period, TSD has
provided depository services for foreign currency-denominated fixed income instruments with a registrar in Thailand. Under such
arrangements, members can engage in transactions such as deposits, withdrawals, or transfers; use securities as
collateral, make payments and engage in over-the-counter clearing and settlement through TSD infrastructure facilities. This has
reduced costs incurred in issuing securities certificates, boosted flexibility in securities depository operations, and supported
and increased liquidity for cross-border transactions. The first phase of service was launched in September 2012.
• Extending securities borrowing and lending facilities
TSD in 2012 received permission from the Securities and Exchange Commission to conduct securities borrowing and lending
(SBL), enabling it to act as both agent and principal rather than only being agent in the past. TSD provided for the lending pool
board and immediately became a contractual partner with borrowers and lenders after they are matched. Initially, SBL would provide
for SET50 index and TSD serves as custodian and manages collateral and shares benefits based on the collateral management
for the user as well. The service started in 2013.
• Developing dissemination information of listed companies via SWIFT messages
TSD developed an infrastructure to disseminate corporate action news to custodian members via a SWIFT message system to
ensure that information is distributed accurately, promptly and in timely fashion to reduce human error and mistakes that may incur
in documenting information in 2011. In 2012, TSD expanded the service to cover other securities depository members by enabling
non-members of the SWIFT network to receive standardized real time information in the same way as custodian members. Members
can use the trial service in early 2013.