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Annual Report 2014
190
Kesara Manchusree
Chairman
Supakit
Jirapraditkul
Member
Dr. Pakorn
Peetathawatchai
Member
Udomwara Dechsongjarus
Member
Yupawan
Sirichainarumitr Member
Board of Directors
Registered capital and
organizational management
TCH has a total registered capital of THB 100
million, with the SET holding 100% of total
registered capital.
Operations
TCH’s most important role is to be the center of
clearing and settling financial products in the Thai
capital market by being the central counterparty and
guaranteeing the clearing and settlement of every
transaction made on the markets mentioned above,
thus reducing risks, building confidence among all
market participants that the clearing and settlement
system will operate as planned, and promote Thai
capital market development in the long-term.
Thailand Clearing House Co., Ltd. (TCH),
a subsidiary of The Stock Exchange of
Thailand (SET), was established on August 9,
2004 to clear and settle derivatives trades.
On February 15, 2010, SET transferred the
Securities Clearing and Settlement Unit
from Thailand Securities Depository Co.,
Ltd. (TSD) to TCH. At present, TCH’s service
is being the center for clearing and settling
of securities traded on SET, mai, BEX and
TFEX. Thus, there is a clear separation of
operations and management between TCH
and TSD, reducing the cost of managing risk
and placing collateral, thus bringing the Thai
capital market’s post-trade services to be
more in line with international standards.
Thailand Clearing House
Co., Ltd.