As both depository and registrar, the Bank of Thailand (BOT) is responsible for the settlement of government bonds. In 2001, BOT's Real Time Gross Settlement (RTGS) system - BAHTNET - was re-structured to incorporate delivery versus payment (DVP) facilities on all government securities. Most corporate bonds are cleared and settled at a Stock Exchange of Thailand subsidiary - the Thailand Securities Depository Co Ltd (TSD).
Settlement convention is T+2 but can be varied by bilateral agreement. |