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Thailand Securities Depository Co., Ltd. (TSD) is a depository center for both equity and debt securities that uses a secure and efficient scripless system.
Thailand Securities Depository Co., Ltd. (TSD) is a depository center for both equity and debt securities that uses a secure and efficient scripless system.
Types of securities in the securities depository system
Ordinary shares
Preferred shares
Unsecured Bonds
Unsecured convertible bonds
Short-term unsecured debentures
Unit trusts
Warrants
Short-term Warrants
Derivatives Warrants
Transferable Subscription Right
Depository Receipt
Other government debt securities
Securities depository system timetable
Securities depository system timetable for equity and debt
| Start & Cut-off Time | |||
| No. | Operation | Start Time | Cut-off Time |
| 1 | Start & Cut-off Time | 07:00 | 20:30 |
| 2 | Submission of the securities owner list (Book Closing) | ||
| 2.1 Equity and debt instruments for which the Bank of Thailand (BOT) is not a registrar | 07:00 | 14:30 | |
| 2.2 Debt securities for which the Bank of Thailand is the registrar | 17:30 | 18:30 | |
| 3 | Securities Deposit * | ||
| 3.1 Equity and debt securities for which TSD is a registrar | |||
| - Deposit to take effect on the day of deposit | 08:00 | 16:00 | |
| - Deposit for delivery (Clearing) | 08:00 | 10:30 | |
| 3.2 Debt securities for which BOT is the registrar | |||
| - Deposit to take effect on the day of deposit | |||
| - Contact TSD | 08:00 | 11:00 | |
| - Contact BOT | 08:00 | 16:00 | |
| - Deposit to take effect on the following day | |||
| - Deposit to TSD | 11:00 | 16:00 | |
| 4 | Securities withdrawal ** | ||
| 4.1 Equity and debt securities for which TSD is the registrar | 08:00 | 16:00 | |
| 4.2 Debt securities for BOT is the registrar | |||
| - Withdrawal to take effect on the day of withdrawal | 08:00 | 11:00 | |
| - Withdrawal to take effect on the following day | 11:00 | 16:00 | |
| 5 | Transfer to the BOT’s RP/ILF accounts | 07:00 | 17:00 |
| 6 | DF/RF, A/C Transfer | 07:00 | 19:00 |
| 7 | DVP/RVP transfer | 07:00 | 17:00 |
| 8 | Clearing and settlement | 13:30 | 14:15 |
| 9 | Change Beneficial Owner - BOT as a registrar | 09:00 | 15:00 |
| 10 | Transaction inquiry | 07:00 | 20:30 |
* Securities deposits for which TSD and BOT are not registrars
- The deposit will be effective and confirmed by the registrar within two business days of the deposit
** Securities withdrawal for which TSD and BOT are not registrars
-The withdrawal will be effective and confirmed by the registrar within two business days of the withdrawal
Additional info: After the cut-off time until the system closes
- Depository, withdrawal, and transfer transactions (except those made via API) can be initiated and amended, but they will be marked as "Pending for Approval" until the following business day when they will be approved and effective
- DVP/RVP and DF/RF transactions with a 'Forward date' can be initiated, amended, and approved.
- Transaction inquiries can be made until the PTI system closes (20.30 )
 | TSD may permit the following individuals and institutions to be a depository participant |
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| TSD may permit the following individuals and institutions to be a depository participant |
 | Bank of Thailand |
 | Securities companies |
 | Financial institutions under the law governing financial institution businesses |
 | Life or non-life insurers under the law governing life or non-life insurance |
 | Juristic persons operating a business as a mutual fund trustee, representative of debenture holders, custodian of securities, and issuer of depository receipts |
 | Juristic persons operating a business as a depository center, both domestically and/or internationally |
 | Juristic persons operating a business as a clearing house, both domestically and/or internationally |
 | Juristic persons operating banking business under foreign law and have no branch offices or representatives in Thailand |
 | Juristic persons issuing securities or issuing underlying securities of other securities and keeping the issued securities and the underlying securities in custody |
 | Juristic persons with an agreement to execute the following acts: |
| (10.1) Sell, distribute, dispose of, transfer, or exchange securities to a buyer or transferee related to the aforementioned juristic person as its staff member, employee, securities holder, or other persons with similar characteristics, and such juristic person is assigned to be a custodian of the securities of the buyer or the transferee under any one of the conditions which TSD deems appropriate that services provided by TSD shall be used | |
| (10.2) Provide a loan to the buyer or the transferee for the purpose of buying or taking the transfer of securities under (10.1) | |
 | Juristic persons established by a specific law |
 | Other juristic persons as prescribed by TSD |
Membership application
Application form
Membership application procedure
Membership application procedure
 | An applicant submits the membership application form along with required documents. |
 | TSD examines the application and the qualifications of the applicant. |
 | The applicant attends a training session and takes a test on how to use the depository center's system . |
 | TSD notifies the applicant of the application result. |
 | TSD decides the commencement date of membership (once the applicant complies with the criteria and meets all the qualifications) |
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| An applicant submits the membership application form along with required documents |
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| TSD examines the application and the qualifications of the applicant |
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| The applicant attends a training session and takes a test on how to use the depository center's system |
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| TSD notifies the applicant of the application result |
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| TSD decides the commencement date of membership (once the applicant complies with the criteria and meets all the qualifications) |
Securities Depository Fees
| 1. Securities Depository Fee | 10 Baht per transaction |
| 2. Securities Withdrawal Fee 2.1 Withdrawal Securities Fee besides 2.2 | 65 Baht per transaction |
| 2.2 Withdrawal Fee for bonds, treasury bills, or other government debt instruments is a guarantee that the using amount balances with the cheque account deduction stipulated by the Bank of Thailand | 30 Baht (unless due to redemption and no-issuance of certificate, no withdrawal charge) |
| 3. Transfer or taking a transfer of securities (3.1) Transfer or taking a transfer of securities in general, except transfer or taking a transfer of securities specified under (3.2) (3.1.1) Equity type securities | 10 Baht |
| (3.1.2) Debt type securities | 35 Baht |
| (3.2) Specific transfer or taking a transfer of securities under the following circumstances: | |
| (3.2.1) Transfer of securities between an owner of securities having Thai nationality and an owner of securities not having Thai nationality | 20 Baht |
| (3.2.2) Transfer or taking a transfer of private sector’s debt instruments, e.g. debentures, convertible debentures, short-term debentures, debentures under a securitization scheme, debenture warrants, and other securities similar thereto and not a transfer or taking a transfer under (3.2.3) | 10 Baht |
| (3.2.3) Transfer and taking a transfer of debt instruments issued by private sector both in terms of Delivery versus payment or Receive Versus Payment (DVP/RVP) and Delivery Free of Payment/Receive Free of Payment (DF/RF) e.g. debentures, convertible debentures, short-term debentures, debentures under a securitization scheme, debenture warrants, and other securities similar thereto | 35 Baht |
| (3.2.4) Transfer and taking a transfer of debt instruments where the transaction is made with the Bank of Thailand pursuant to the contract’s term that prescribes purchasing or selling back of government’s debt instruments | 10 Baht |
| (3.2.5) Transfer and taking a transfer of securities by inheritance or by court’s order, or transfer and taking a transfer of securities between accounts of the same securities’ owner | 10 Baht |
| (3.2.6) Transfer and taking a transfer of securities between a sink account and any other Securities Depository Account under the same depositor | Exempted |
| (3.2.7) Transfer and taking a transfer of securities between the customer’s accounts, or the depositor’s accounts, which are accounts of the same depositor and the transfer transaction is a Free of Payment transaction executed by a depositor through TSD’s depository system or through the API | Exempted |
| (3.2.8) Transfer and taking a transfer of securities for securities borrowing and lending transaction by the same depositor | Exempted |
| (3.2.9) Transfer and taking a transfer of securities between a Custody Account and a Securities Borrowing and Lending Account, or a Repo account; or between Securities Borrowing and Lending Accounts, or between Repo accounts under TSD’s system for servicing securities borrowing and lending transactions, and securities repurchasing transactions | Exempted |
| (3.2.10) Transfer and taking a transfer of securities traded in LiVE Exchange (LiVEx) with payment | 15 Baht |
| Menu | Fee | Price for the calculation of the value of the outstanding securities |
| 1. Shares, Unit Trusts, Warrants, Derivative Warrants, and other Similar securities | 1.50 Baht monthly | Closing price as of the end of a previous business day or the price that reflects the current market value of securities |
| 2. Debentures /Convertible debentures, Short-term debentures,debentures under a securization scheme,Warrants on debentures , and other similar securities | 1.00 Baht monthly | Par Value |
| 3. Bond, Treasury bills or other types of government debt instruments in depository account. (a) For 100% tax-exempted foundations and financial institutions whose government bonds are legal liquidity reserve | 0.25Baht monthly | Par Value |
| (b) Besides (a), which charged in | 1.00 Baht monthly | Par Value |
| 4. Securities maintaining fee of securities depository account to ensure trading for exercising derivative warrant rights | 300 Baht per day throughout the life of the derivative warrants. | - |
| 5. Debt instruments in foreign currency with the following characteristics : (1) Having a Registrar who is a person possessing the securities registrar license under the law on securities and exchange ; and (2) having a securities registration system that is in accordance with the rules of TSD concerning depository services of securities for which TSD is not a Registrar | 2.50 Baht monthly | Par Value |
| 6. Securities other than (1) - (5). | 1.50 Baht monthly | Closing price as of the end of a previous business day or the price that reflects the current market value of securities |
According to (1) (2) (3) (5) and (6) depository fees are daily calculated by the outstanding value of securities in account at each end of the day and monthly charge according to the above rate of every million baht, the excess of million baht considers equally to million baht
| Menu | Monthly Rate | Remarks |
| Deposit, Withdrawal, and Transfer Not more than 5 transactions per month And that the number of the authorized persons In all accounts per compilation is no more than 10 persons | 5,000 Baht |
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If the depositor requests to amend other information submitted by the depositor to the TSD, the TSD shall charged the depositor a service of Baht 5,000 Baht each time.
| Request For Extension of Time Period | Additional Fee |
(1) In the case that the depositor requests the extension of time period for the clearing and settlement service of debt instruments via the Bank of Thailand: (1.1) fee for clearing and settlement service when the system is in operation | Baht 5,000 per time |
| (1.2) fee for off-hour clearing and settlement service | Baht 100 per minute |
(2) In the case that the depositor does not request the extension of time period for the clearing and settlement service of debt instruments via the Bank of Thailand: (2.1) fee for clearing and settlement service when the system is in operation | Baht 10,000 per time |
| (2.2) fee for off-hour clearing and settlement service | Baht 200 per minute |
TSD shall calculate the fees for off-hour clearing and settlement service as requested by the depositor from the time that TSD’s normal business hours closes until such time that the transactions in TSD’s system are completed, or until the closing time of such system pursuant to Notification of Thailand Securities Depository Company Limited Re: Timeframe for Operation of the Securities Depository System, if TSD is not notified by the Bank of Thailand of the end time of such transaction.
| Menu | Fee |
| 1. Fee for depository portal 1.1 Initial fee for connecting TSD's securities depository system (One time charged) | 50,000 Baht |
| 1.2 Monthly Fee | 3,500 Baht |
| 2. Fee per securities 2.1 Deposit/Withdrawal Fee | 3,500 Baht /Securities |
| 2.2 Registrar fee for compilation of shareholder list on the book-closing date | 5 baht per transaction, with a minimum fee of 500 baht per security |
| 2.3 Amendment securities informationr fee | 1,000 baht |
| Menu | Fee |
| 1. Fine for not submitting the names of shareholders by the time stipulated by TSD | 5,000 baht per day per security |
| 2. Fine for amending the names of shareholders | 100 baht per transaction |
| 3. Fine for not depositing or transferring securities to the custody account at the shortage amount and by the time stipulated by TSD. - Less than one business day | 50% of the defaulted securities value |
| - From 1 to 2 business days | 0.75% of the defaulted securities value |
| - From 2 to 3 business days | 1% of the defaulted securities value |
| - From 3 to 5 business days | 1.75% of the defaulted securities value |
| - From 5 to 7 business days | 2.50% of the defaulted securities value |
| - From 7 to 14 business days | 3.75% of the defaulted securities value |
Participant List
Participant List
Related Information
