Thai NVDR offers an e-Dividend service which automatically transfers substituted payment for dividends to NVDR holders, eliminating problems of missing or delayed cheques, and expediting the foreign exchange process. This service is for all underlying securities registered after March 1, 2005.
Thai NVDR has continued improving quality of services to offer greater choices to NVDR holders. In April 2020, as the cap of THB 40 MB for Bulk Payment – Credit Transfer has been removed, the electronic money transfer via bulk payment can be made without limit. Thai NVDR has captured this result of positive change by shortening the process of substituted dividend distribution so that NVDR holder will be able to receive money faster. This will be applied for the securities that have record date from April 9, 2020 or book closing date from April 10, 2020 onward.
Procedure for the payment of substituted payment for dividends
Underlying securities payment date |
Listed company apply for e-Dividend |
Thai NVDR receives dividend payment by means of |
Thai NVDR payment date |
D |
Yes |
Transfer to bank account |
D+1 |
D |
No |
Cheque |
D+2 |
Note: “ D ” represents the underlying securities’ dividend payment date
NVDR holders who have savings or current accounts with Thai commercial or foreign banks with branches in Thailand should find e-Dividend service advantageous, as they can use it with their brokers or custodian banks. In addition, NVDR holders can apply directly to TSD for dividend payment.
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