Securities trading - Thailand
Key market-tradable securities
| Denomination currency | Maturity profile | Interest rate | Interest/Dividend payment frequency | Place of settlement | Form |
| Government bonds | |||||
THB | 1-20 years | Fixed | Semi-annual | BOT | Physical; registered |
| State enterprise bonds | |||||
THB | 1-20 years, mostly 7-10 years | Fixed | Semi-annual | BOT | Physical; registered |
| Corporate bonds | |||||
THB | 1-10 years, mostly 3-5 years | Fixed or floating | Semi-annual or quarterly | TSD | Physical or scripless (book-entry); registered |
| Commercial Papers (including Bills of Exchange, Promissory Notes) | |||||
THB | Up to 5 years, mostly 1 week to 1 year | At discount or fixed | Discounted CPs: once at purchase; CPs with interest: once at maturity | Physical | Physical; bearer or registered |
| Certificates of Deposit (CDs) | |||||
THB | Up to 5 years, mostly 3-12 months | At discount or fixed | Discounted CDs: once at purchase; CDs with interest: once at maturity | Physical | Physical; bearer or registered |
| Equities | |||||
THB | - | - | Semi-annual, annual | TSD | Book-entry; registered local and foreign, NVDRs a |
a. Local Shares, usually held by Thai residents, may also be purchased by non-Thai residents (see “Registration” in Settlement Process). They have a different ISIN from that used for Foreign Shares and for NVDRs. Foreign Shares and NVDRs are usually held by non-Thai residents.
Trading platforms
Stock Exchange of Thailand
Trading on the SET is performed through SET CONNECT, a fully computerised trading system that offers two main alternatives:
- AOM: Brokerage members key in their offers from their offices. The orders are sent through the SET’s computer and executed according to the price and time priority.
- TR or Trade Report (formerly called "put through trading"): Buying and selling brokers conduct negotiations directly and confirm the TR transactions through the SET’s computer.
Board lots and odd lots
Shares with a market price of less than THB 500 per unit are traded in board lots of 100 shares. Shares with a market price at THB500 or more per unit, for six consecutive months, are traded in board lots of 50 shares. Any other sizes are treated as odd lots.
Odd lots are defined as anything less than a board lot, less than THB 10 million in market value or less than 10% of the total par value of such securities.