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110 Annual Report 2012
Name of entity Type of business
Country of
incorporation
Ownership interest %
2012 2011
Thailand Clearing House Co., Ltd. Clearing house and related
back-office services for
securities and futures
contracts
Thailand 99.99 99.99
Jointly-controlled entity
Family Know-how Co., Ltd. Provision of services and
advice in respect of media
production related to
finance and investment
Thailand 49.99 49.99
Associates
Clearing Fund (4) Fund Thailand 16.56 17.71
TSFC Securities Public Company Limited Granting of credit to
businesses involved with
securities and securities
borrowing and lending
Thailand 24.66 24.66
(1) Thai Trust Fund Management Company Limited
As at 31 December 2012, Thai Trust Fund Management Company Limited (“TTF”) has outstanding 3 mutual fund balances issued
by TTF (2011 : 5 mutual funds). On 30 November 2011, the TTF’s Board of Directors approved the principal of withdrawal of funds
issued by TTF, including various operations relating to the cancellation of TTF. In addition, the Boards delegated authority to the
management to consider the dissolution of TTF. However, the operations related to the cancellation of the mutual fund depend on
various factors such as the approval from SEC on the exemption criteria. Therefore, Thai Trust Fund Management Company Limited
prepared the financial statements as at 31 December 2012 by using the going concern basis.
(2) Siam DR Company Limited
During 2011, all issued Depositary Receipts (DRs) were redeemed since they met the conditions for the redemption of shares
as mentioned in the terms of the rights and duties of DRs of ordinary shares and convertible debentures. As a result, the SIAM DR
Company Limited (“SDR”) does not have any securities outstanding.
On 22 October 2012, the management of SDR agreed in principle to dissolve the SDR and delegated authority to the management
to consider the dissolution of the SDR. However, the operations relating to the dissolution depend on various factors. Therefore, the SIAM DR
Company Limited prepared the financial statements as at 31 December 2012 by using the going concern basis.
(3) Thailand Futures Exchange Public Company Limited
On 4 April 2012, the Board of Directors of the Thailand Futures Exchange Public Company Limited (TFEX) approved an
appropriation of Baht 100 million as an initial fund for the establishment of the Derivatives Investor Protection Fund (“DIPF”), which
Baht 50 million is from the TFEX and not exceeding Baht 50 million is from the cumulative fees collected from the members.
The DIPF was formally established under the DIPF regulations on 15 November 2012. The objective of the fund is to protect
derivative investors through the members of the DIPF. As at 31 December 2012, the DIPF had 37 members.
The assets of the DIPF consist of the initial fund from the TFEX, the membership entrance fees, the cumulative fees collected
from the members, and the benefits generated from the DIPF assets, after deducting the fund’s operating expenses. The initial fund
from the TFEX and the membership entrance fees will be charged from 2013 onwards.