Page 33 - SET SD 2563 - EN

Appendix
Employee Development Social Development Environmental Management Performance Summary GRI Standards Content Index
203-1
549
Increase in average monthly transactions through FundConnext compared to 2019
Infrastructure for Entrepreneurs and Listed Companies
FundConnext: One-Stop-Service Mutual Fund Trading System
SET developed FundConnext, a mutual fund trading system, which serves as a full-service intermediary platform for the trading and payment of mutual funds between asset management companies and selling agents. The system enhances efficiency for investors who are investing through online systems and enables convenience by allowing a single account to be opened for trading mutual funds from several asset management companies. By the end of 2020, there were 56 FundConnext users with an average monthly transaction growth rate of 549%, or 12,681 transactions, and an average daily transaction value of over 1,200 million baht, an increase of 185%. The Assets Under Management (AUM) of FundConnext totaled more than 350 billion baht, an increase of 77% from the previous year.
Payment Systems for the Capital Market
SET developed a payment service system for the capital market to support cross-bank securities trading, which included 31 securities companies and 12 commercial banks participating in the initiative. In 2020, there was an average of 35,000 transactions per day, calculated as an average daily transaction value of about 10 billion baht, an increase of 20% from 2019. In addition, SET developed the intra-bank payment system to support batch payments for fund transactions and real-time payments for other orders such as funds, securities insurance, and dividends. Furthermore, SET expanded its service system to support other types of transactions, such as QR Code Payment systems and a Direct Debit Registration service. Work process standards have been specified for these various systems in order to improve efficiency and cost management for industries within the capital market.
Digital Asset Platform
SET has collaborated with stakeholders to develop a digital asset platform that creates new opportunities for the Thai capital market using Distributed Ledger Technology (DLT). This technology enables the creation of new funding and investment options through assets or digital tokens as a representation of the asset’s value. This platform enables connectivity with the market’s first digital token offering system and trading through the Digital Asset Exchange and Digital Asset Wallet.
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SET enhances the competitiveness of capital market stakeholders by continuously developing and expanding platforms for entrepreneurs and listed companies, as follows: • LiVE Platform: A center for promoting the potential of
SMEs and startups, which provides knowledge courses for entrepreneurs to cater to every stage of business growth, as well as expert business consultations from public and private sector networks. The LiVe Platform also helps to increase efficiency and reduce costs for business owners. As the ecosystem of SMEs and startups grows, the LiVE Platform will also provide entrepreneurs with access to sources of effective capital.
In 2020, SET prepared and published online courses covering business knowledge and skills for entrepreneurs on topics such as innovation management, finance, fundraising, and accounting management. These courses supplement the diverse online knowledge repository that contains over 270 articles. Interested parties can access learning resources through www.live-platforms.com/ education at any time, without charge. SET is also in the process of developing necessary infrastructure and work systems for accounting, finance, tax, and expert business consultations, among others. Furthermore, the LiVE Platform is preparing to support future fundraising and trading by SMEs and startups by establishing rules, work systems, and communicating with stakeholders.
• SETLink: An operational system under the One-Stop Service Project, acts as a repository for information, news, practices, announcements, activities, and various services related to listed companies. This system helps to reduce duplication and increases flexibility for listed companies in the areas of securities holding, information transfer, post-trade services, and related consultations on fundraising, regulatory compliance post listing, and sustainable business development. In 2020, SET enhanced the SETLink system through the implementation of full digital services such as e-Proxy, e-Meeting and e-Conference.
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