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As at 31 December 2014 and 2013, the details of investments for which margin deposits were placed by
members amounting to Baht 8,053.63 million and Baht 9,361.83 million, respectively are as follows:
Thailand Clearing House Co., Ltd. (TCH) is the
clearing house for derivatives market. Members of TCH
who have outstanding positions are obliged to place
the required margin deposits as a guarantee according
to the rate or amount called by TCH. TCH may invest
As at 31 December 2014, savings account in
foreign currency of USD 13.10 million was translated
into Thai Baht using the average transfer buying
rate announced by the Bank of Thailand at the end of
the accounting period (2013: USD 12.09 million).
The Group presented margin deposits placed by
members separately in the account “Assets for margin
deposits and benefits” in current assets in the statement
of financial position and presented liabilities in the
same amount in the account “Margin deposits and
benefits payables” in current liabilities in the statement
of financial position.
19. Assets for clearing system
protection and benefits
The assets for clearing system protection are
established to secure the clearing system of Thailand
Clearing House Co., Ltd. (TCH) against any damage
caused by defaults by members or other incidents.
18. Assets for margin deposits
and benefits
the margin proceeds according to specified terms and
conditions. The benefits, after deducting management
fees, shall be distributed to members at the announced
rates and procedures.
7,565,619 8,639,053
429,951
395,028
-
212,261
58,060
115,491
8,053,630 9,361,833
Savings and fixed deposit accounts
Savings account in foreign currency
Bonds
Accrued benefits
2014
2013
Consolidated
Assets for clearing system protection comprise
the following:
19.1 Securities Deposit
Members of TCH are required to place a Securities
Deposit according to the announcement made by TCH
(the current Securities Deposit for members, who are
allowed to clear all types of derivatives, is not less
than Baht 5 million and for only one type of derivatives
is not less than Baht 4 million). TCH will invest the
proceeds from the Securities Deposit and return any
benefits derived from the Securities Deposit, after
deducting management fees, to members in accordance
with the announced rates and procedures. Assets held
as Securities Deposit will be returned to members after
their membership is terminated.
(Unit: THB’000)