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40 Annual Report 2012
• Appointing global custodians to hold foreign securities on behalf of investors
The selection and appointment of global custodians to be TSD representatives is to service depository members holding foreign
securities, covering 27 countries worldwide, including the United States, Europe, Australia, and Asia. This development marks the
first step towards building a clearing and settlement network to service depository members holding foreign securities. SET
also plans to prepare for new financial transactions such as dual listings and depository services for foreign currency-denominated
securities.
This project lays down the infrastructure to centralize transactions to reduce cost and enhance efficiency for members,
contributing positively to Thai investors in the long term. In 2012, TSD hired global custodians which would be ready to provide
service in 2013.
4) Strengthening SET capabilities
SET strives to become a highly efficient equities market with effective operation systems comparable to the world’s leading
bourses. To be prepared for the ASEAN Economic Community scheduled in 2015, SET has outlined four strategic approaches,
namely 1) Continually developing technological systems, 2) Developing operations to ensure high quality and high efficiency,
minimize errors, and lower costs to cope with cross-transaction activities, linking the Thai bourse with international capital markets
by creating operation master plans to transform every procedure into “straight-through processing”, 3) Promoting efficiency in
enterprise risk management and clearing for equity and futures products, and 4) Streamlining regulations and supervision to balance
stock market supervision with benefiting from business opportunities.
Enhancing IT capacity and driving the business with modern technology according to international standards
SET’s information technology (IT) master plan, covering 2010 to 2014, is crucial for the effective and efficient operation of
SET’s transaction system and post-trade service. SET’s IT systems meet international standards and offer modern, speedy and safe
technology to handle international transactions and rising levels of business activities. SET also adheres to the principle of IT
governance to utilize IT management and boost the credibility of the overall capital market.
In addition, SET focuses on upgrading the operational level of its IT professionals according to global best practice in terms
of information security (ISO 27001) and reducing the risk of various threats to make the business run smoothly according to IT
management standards (ISO 20000). This helps increasing efficiency and service to reduce operational cost and increase
customer satisfaction. SET uses international IT governance guidelines to develop applications for working system operations,
determine IT security policy, and review work procedures to strike a balance between control and flexibility.