News Detail

Date/Time
22 Mar 2017 16:55:00
Headline
SET News :SET to launch T+2 settlement cycle on March 2, 2018
Symbol
SET
Source
SET
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SET News 20/2017
March 22, 2017

SET to launch T+2 settlement cycle on March 2, 2018

BANGKOK, March 22, 2017 - The Stock Exchange of Thailand (SET) announces the 
target implementation date for the two-day settlement cycle (T+2) on March 2,
2018.

SET President Kesara Manchusree said, "The target date to move toward T+2 
settlement cycle, from the current T+3, has been extensively consulted with all
stakeholders namely The Securities and Exchange Commission (SEC), Bank of
Thailand, security firms, custodians, asset management firms and banks,
considering their preparation and system readiness. From now, all parties will
work closely together in changing the related operational process and system
development in conjunction with amendment of related rules and regulations in
order to ensure smooth transition."

"We are certain that moving toward T+2 will benefit all stakeholders, not only 
in reducing the risks and costs but also in making it more convenient for
cross-border portfolio investment. This change will keep SET aligned with the
leading settlement practices in markets around the world, while enhancing the
Thai capital market's competitive edge," added Kesara.
                                 
                                        "SET... You Grow, We Groom"
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