Annual Report 2017

187 Thailand Clearing House Co., Ltd Thailand Clearing House Co., Ltd. (TCH), a subsidiary of The Stock Exchange of Thailand (SET), was established in 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, TBX, 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. 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. Registered capital andorganizationalmanagement TCH has a total registered capital of THB 600 million, with the SET holding 100 percent of total registered capital. Board of Directors 1. Kesara Manchusree Chairman 2. Kulpatra Sirodom Member 3. Nongram Wongwanich Member 4. Rinjai Chakornpipat Member 5. Santi Kiranand Member 6. Pataravasee Suvarnsorn Managing Director