There are three repurchase (repo) markets that run parallel to each other: (1) the Bank of Thailand (BOT) repurchase market, (2) the bilateral repo market (between BOT and primary dealers), and (3) the private repo market. A number of trading conventions for each market are detailed at the BOT link below. A BOT Notification for Commercial Banks to Engage in Private Repo Transactions is also linked below. In December 2006, the BOT asked financial institutions to refrain from selling buy back transactions for all maturities.
The Thai Bond Market Association (ThaiBMA) Repurchase Standard Agreement is linked below. Thailand endorses the International Swaps & Derivatives Association (ISDA) standards for repurchase agreements as detailed in the ISDA Master Agreement. This is included at the ThaiBMA link.
The BOT also provides the latest and historical repurchase rates in the links below. |