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Annual Report
2015
SET
Fund balances
Securities
Clearing
Reserve
Fund
Derivatives
Clearing
Reserve
Fund
Indemnity
Fund
SET
Building
Construction
Fund
Staff
Welfare
Fund
Securities
Investor
Protection
Fund
General
Fund
Total
Opening balance
at 1 January 2014
2,500,000
300,000
100,000
7,769
102,511
414,364 16,017,952 19,442,596
Appropriation of general fund
-
-
-
(7,769)
-
-
7,769
-
Revenues over expenses
-
-
-
-
2,325
14,601 1,466,294 1,483,220
Closing balance
at 31 December 2014
2,500,000
300,000
100,000
-
104,836
428,965 17,492,015 20,925,816
Opening balance
at 1 January 2015
2,500,000
300,000
100,000
-
104,836
428,965 17,492,015 20,925,816
Other comprehensive revenues and
expenses, net of tax
-
-
-
-
-
-
(13,702)
(13,702)
Revenues over expenses
-
-
-
-
2,956
10,304 1,227,898 1,241,158
Closing balance
at 31 December 2015
2,500,000
300,000
100,000
-
107,792
439,269 18,706,211 22,153,272
Details of fund balances are as follows:
Securities Clearing Reserve Fund
In 1997 and 2013, the Board of Governors of the SET
approved an appropriation of general funds of Baht 2,000 million
and Baht 500 million, respectively, totalling Baht 2,500 million
to the Securities Clearing Reserve Fund, which is operated by
a subsidiary of the SET, in order to resolve liquidity risk in the
event of default on clearing and settlement from securities
trading on SET.
Derivatives Clearing Reserve Fund
In 2004, the Board of Governors of the SET approved
an appropriation of general funds of Baht 300 million to the
Derivatives Clearing Reserve Fund in order to assure contingent
losses from the clearing system of futures contracts at Thailand
Clearing House Co., Ltd.
Indemnity Fund
In 1993 and 2002, the Board of Governors of the SET
approved appropriations of general funds totalling Baht 100
million to the Indemnity Fund in order to assist and assure the
Board of Governors of the SET and those appointed assignees
on matters requiring consideration and decisions which may
affect or cause damages to other parties.
SET Building Construction Fund
In 1992, the Board of Governors of the SET approved an
appropriation of general funds totalling Baht 580 million for
the construction of SET buildings. Construction of the office
buildings was completed in 1998. The remaining fund balance
of Baht 246.30 million is reserved for further construction of
a parking building.
In 2008, the Board of Governors of the SET approved the
construction of the car park building from the above mentioned
remaining fund balance. In 2014, the Board Governors of the
SET approved the transfer of the remaining fund balance to
general fund.
StaffWelfare Fund
In 1997 and 2004, the Board of Governors of the SET
approved appropriations of general funds was Baht 75 million
to the Staff Welfare Fund. All benefits earned from this fund
are retained in the fund.
(Unit : Baht’000)