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06 Mar 2018 16:48:00
SET News :SET renews MoU with IDX to enhance cross-border transactions
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   SET News 16/2018

         March 6, 2018

SET renews MoU with IDX to enhance cross-border transactions

BANGKOK, March 6, 2018 - The Stock Exchange of Thailand (SET) today signed the 
renewal of memorandum of understanding (MoU) with Indonesia Stock Exchange (IDX)
to enhance the synergized efforts on capital market development especially
cross-border transactions, information technology and business opportunities
between the two exchanges, as well as knowledge and experience sharing.

SET President Kesara Manchusree said, "The MoU between SET and IDX, spanning 
another five years from today to March 6, 2023, underscores SET's strategic plan
to enhance fundraising and investment in order to create business opportunities
for long-term growth in the region. The extension of the MoU period would
further foster our long-term relationship and boost cross-border transactions
from financial instruments such as Depository Receipts (DRs) and Exchange Traded
Funds (ETFs) with Thai or Indonesian underlying assets. The agreement also
embraces cooperation for product and technology development using new technology
for business operation, as well as information sharing to further strengthen
the development of the two capital markets."

President Director of IDX Dr. Tito Sulistio said, "This MoU is a strategic 
milestone in the ongoing collaboration between IDX and SET. It commits us to
work together more closely towards our common goals. IDX has its own uniqueness
and strength, and so is SET. Through this MoU, we agree to exchange our
knowledge and expertise to strengthen our markets, as well as to collaborate
through listing of financial instruments and develop other areas of cooperation
that will promote collaborative investment and business oportunities for both
Exchanges and our market participants."

The MoU between SET and IDX started in 2006 under IDX's previous name: Jakarta 
Stock Exchange. SET has continuously supported IDX in various areas such as
investor education and visits by IDX executives, staff and university students
from Indonesia, among others.

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