TCH Managing Director Chanisa Chutipat said that SET has committed to keep pace with the international standards for their clearing and settlement services. The disclosure of clearing house standards will follow PFMI, the international standards defined by CPSS, and the technical committee of IOSCO. PFMI has been referred to be international standard for all CCPs to follow for their services and risk management as a central counterparty.
“The disclosure is part of SET’s key strategy to present the world-class standard of TCH’s services, including its risk management and internal practice. This underlines TCH’s commitment to provide central counterparty service following international standard with trust and transparency, in excess of the development of TCH in supporting the ASEAN Trading link” Chanisa added.
Some of the standards include best practice on clearing and settlement, collateral management, risk management and financial strengths of TCH as well as of members in order to create reliability and transparency to the whole clearing system.
ABOUT TCH
TCH is the center for clearing and settling securities, derivatives, as well as bonds for the Thai capital market by being the central counterparty and guaranteeing the clearing and settlement of every transaction made on SET and Thailand’s Futures Exchange PCL.
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For more information, please visit www.set.or.th
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.:
Kanokwan Khemmalai, tel: +66 (0) 2229 2048 / Arada Kultawanich, tel: +66 (0) 222 2796