Thailand Securities Depository Co., Ltd. (TSD) is the sole Central Securities Depository (CSD) in Thailand using ascriplesssystem. The services provided by TSD are securitiesdeposit,withdrawal,transfer, pledge, and revocation. Investors can conduct the transactions through depositoryparticipants. TSD is also responsible for managing theforeign holding proporation of the securitiestraded on the Stock Exchange of Thailand (with foreign book) to comply with related rules and regulations.
It is a securities holding without a paper securities certificate. Securities balance is recorded and kept in a high-secured system. Securities trading will be more efficient and convenient to all investors.
Shareholders are able to deposit their securities through securities companies that are CSD Participants. TSD will record the securities balance "บริษัทศูนย์รับฝากหลักทรัพย์ (ประเทศไทย) จำกัด เพื่อผู้ฝาก" for the local account and "Thailand Securities Depository Company Limited for Depositors" for the foreign account. Such securities may not have TSD as a registrar. The deposited securities will be kept in the depository system under CSD Participants’ accounts.
Shareholders who would like to receive physical securities certificates can contact their securities companies to request for a securities withdrawal. TSD will check whether the participants have sufficient number of securities. After that, TSD will deduct the securities balance from the participants’ accounts and request the securities registrar to issue the securities certificate with the name of shareholders.
To transfer securities in the scripless system, shareholders can make a request to their securities companies whoc will then conduct book-entry transfer transactions through TSD systems.
For securities in the scrip system, however, shareholders need to submit a securities transfer rquest form and related documents, together with securities certificates signed by the transferer and transferee to TSD. Then, TSD will validate the transaction and issue securities certificate to the transferees.