Thailand Clearing House Admits New Members
The Thailand Clearing House Co. Ltd. (TCH), under The Stock Exchange of Thailand (SET) group, is now admitting new members and giving existing precious metal-related members the opportunity to upgrade themselves to general clearing members, so that they can offer post-trade services for all derivatives products following the liberalization of the brokerage industry of the Securities and Exchange Commission.
TCH is now accepting applications for both general clearing members and those who wish to clear only precious metal-related products, which are gold and silver futures. TCH will also consider accepting membership applications every quarter, said Bordin Unakul, SET’s Executive Vice President of Post-Trade Services & Development.
“The admission of new members and the upgrading of precious metal-related members will expand business for brokers and increase post-trade services for customers of all derivatives products,” Bordin said.