Thailand: Change of custodian and cash correspondent bank
Clearstream Banking1 is pleased to inform its customers of a change of local custodian and cash correspondent bank in Thailand.
Effective Settlement Date
19 November 2018
Standard Chartered Bank (Thai) Public Company Limited will replace The Hong Kong and Shanghai Banking Corporation Limited as Clearstream Banking’s local custodian and cash correspondent bank (CCB).
Customers are requested to take note of Clearstream Banking’s new custodian and CCB details as follows and to update their records and advise their counterparties accordingly:
New custodian details
Standard Chartered Bank (Thai) Public Company Limited
100 North Sathorn Road, Silom
Bangrak, Bangkok, 10500 Thailand
Depository Code: 3T
BIC address: SCBLTHBX
Securities account number: TH0000314422
TSD account number: 3120000314422
New cash correspondent details
| Currency: | Thai Baht (THB) |
| CCB name: | Standard Chartered Bank (Thai) Public Company Limited |
| CBL account: | 00100869378 |
| SWIFT address: | SCBLTHBX |
Settlement timings
As a result of the change of custodian, the following settlement deadlines will be enhanced effective 19 November 2018:
Note: All times in this announcement are CET unless otherwise stated.
Instruction | Current deadline | New deadline from 19 November 2018 | |
Book-entry settlement (listed securities) | |||
Receipts | FOP | 03:35 SD-1 | 08:35 SD-1 |
AP | 03:35 SD-1 | 08:35 SD-1 | |
Deliveries | FOP | 03:35 SD-1 | 08:35 SD-1 |
AP | 03:35 SD-1 | 08:35 SD-1 | |
Book-entry settlement (debt securities) | |||
Receipts | FOP | 02:35 SD | 09:25 SD |
AP | 02:35 SD | 05:35 SD | |
Deliveries | FOP | 02:35 SD | 09:25 SD |
AP | 02:35 SD | 05:35 SD | |
The deadlines shown above are valid provided that your instructions are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market. Customers must ensure that any necessary provision is available and that the counterparty’s instruction is in place. If any of these criteria is not met, CBL cannot guarantee timely settlement.
Cash deadlines
Thai Baht (THB) cash deadlines for pre-advice and withdrawal will improve from VD 03:00 to VD 06:30 CET as of 19 November 2018.
Impact on customers
A customer announcement with more details on the migration and cut-over will be published in due course.
Further information
The Market Link Guide – Thailand will be updated accordingly and available on the effective date to reflect the changes.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.