Thai Bourse Transactions of May 17-19 to be Cleared And Settled on May 24
As The Stock Exchange of Thailand (SET) was closed and did not conduct any trading on May 20-21 as an emergency case, all clearing and settlement for transactions executed on May 17-19 will be processed on May 24 by brokerages and SET subsidiary Thailand Clearing House Co., Ltd., SET Chief Operating Officer Nongram Wongwanich revealed. All clearing and settlement will be done on May 24 — first for May 17 transactions, then for those of May 18 and 19, respectively.
With the above method, securities will be delivered to buying brokers and payments transferred to selling brokers on a day close to the originally-scheduled date, reducing risk of price fluctuations to
both selling and buying brokers, and leaving listed company registry book closing dates for shareholders’ rights unchanged.
SET had worked with the Association of Securities Companies to coordinate with all brokerages on the matter.